Viewing a response to: @revisesociology/re-brianphobos-bold-statement-we-are-headed-for-the-dead-cat-bounce-a-must-read-for-every-steemian-20170914t214958019z
Thank you for your comment! This blog post won't do as well as a lot of other people who just say. "Buy the Dips" and act like everything is a good buy. So I appreciate that you like the post for sharing my real feelings and what I'm seeing out there. Well the differences between BTC and STEEM are several different things. So for BTC the block times are each 10 minutes. For STEEM the block times are 3 seconds so you can move coins around WAY faster. Also with BTC there are traction fees the way they have the incentive structure set up. With STEEM they masked the transaction fees in the inflation model so eventually when more commerce occurs with STEEM and the STEEM backed dollars there will be less tranaction friction between merchants and customers because there are no transaction fees. A social network like this requires a lot of input and outputs for comments, posts, votes.....etc so it requires a faster mechanism to achieve that. Something like this couldn't be done on the Bitcoin, or Litecoin blockchains. I hope that helps!
| author | brianphobos |
|---|---|
| permlink | re-revisesociology-re-brianphobos-bold-statement-we-are-headed-for-the-dead-cat-bounce-a-must-read-for-every-steemian-20170914t220816940z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2017-09-14 22:08:15 |
| last_update | 2017-09-14 22:08:15 |
| depth | 2 |
| children | 1 |
| last_payout | 2017-09-21 22:08:15 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 1,072 |
| author_reputation | 172,523,959,465,774 |
| root_title | "Bold Statement: We Are Headed For The Dead Cat Bounce (A Must Read For Every Steemian)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 14,907,477 |
| net_rshares | 5,021,197,523 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| revisesociology | 0 | 5,021,197,523 | 100% |
Yes that helps thanks, inspires me to look deeper - part of the reason I invested a few squid in crypto is to make learning about it more interesting! And yer right, 'depth posts' seem to have little value on Steemit, which is a fundamental problem with the model, unless the creators are Lyotardian cynics viz 'knowledge' (which I imagine they probably are) in which case the platform reflects the value of knowledge perfectly - fickle as it is!
| author | revisesociology |
|---|---|
| permlink | re-brianphobos-re-revisesociology-re-brianphobos-bold-statement-we-are-headed-for-the-dead-cat-bounce-a-must-read-for-every-steemian-20170914t221634110z |
| category | bitcoin |
| json_metadata | {"tags":["bitcoin"],"app":"steemit/0.1"} |
| created | 2017-09-14 22:16:18 |
| last_update | 2017-09-14 22:16:18 |
| depth | 3 |
| children | 0 |
| last_payout | 2017-09-21 22:16:18 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 HBD |
| curator_payout_value | 0.000 HBD |
| pending_payout_value | 0.000 HBD |
| promoted | 0.000 HBD |
| body_length | 449 |
| author_reputation | 2,295,606,298,705,131 |
| root_title | "Bold Statement: We Are Headed For The Dead Cat Bounce (A Must Read For Every Steemian)" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 HBD |
| percent_hbd | 10,000 |
| post_id | 14,908,008 |
| net_rshares | 0 |
hiveblocks