Who cares about a smart contract if you can't execute it and it's not decentralized? You're using Steem's service right now. Bitcoin just wastes a week's worth of a household's electricity per transaction and has a 10% inflation rate. Bitshares is far below that, Steem gives users a nice interest rate, and both don't need to waste an ungodly amount of electricity for an hour to process a transaction.
RE: Things You Didn't Know About Ned (According to his fireside chat)
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Things You Didn't Know About Ned (According to his fireside chat)
In November 2017 Bitcoin has a 10% inflation rate?
Where do you take this claim from?
Even if it was true as of now, Bitcoin's inflation rate will get to 0%.
Steem's will never get to 0%, neither will EOS. Bitshares IDK, but I suppose it will always inflate like most coins.
Steem gives no interest rate.
Users have to labor for it, which most of the time promotes spam and overloads the blockchain in itself.
In Bitcoin at least people pay for every piece of dirt on the blockchain.
In Steem people get to do it for free.
I agree only about the PoW being a subpar mechanism.
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