RE: Amazon.com should accept Bitcoin and Litecoin cryptocurrency as payment methods ASAP by diggndeeper.com

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technology · @diggndeeper.com · Jun 27 '17

$0.05

I wonder why no one is thinking about Steem as a crypto for this. It seems hard to beat. It has a great confirmation time and no fee. If it grows as a social currency, then that's where people are going to be already.

👍 diggndeeper.com

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@cryptosight · Jun 27 '17

$0.14

That's a really good thought! I think it's relative to scalability. How all the systems sit right now litecoin in my opinion is the fastest. Probably due to their implementation of segwit a couple months ago. Segwit and litecoins lightning network have yet to be beat in speed. We'll see how bitcoin responses to segwit :D

👍 diggndeeper.com, cryptosight, mbk

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@diggndeeper.com · Jun 27 '17

I wonder... I'll have to look into that out of curiosity. Up until recently, Steem and Bitshares win handily and one of the recent hardforks made even more improvements. 
[Steemit sets block time record as the fastest Crypto Currency in history](https://steemit.com/blockchain/@overloaded/steemit-sets-block-time-record-as-the-fastest-crypto-currency-in-history)

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@cryptosight · Jun 27 '17 (edited)

That's an interesting post my only dislike is how it is from 7 months ago, an update on that information would be a great post.

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1 reply

@diggndeeper.com · Jun 27 '17 (edited)

[Bitshares is superior to any other crypto and therefore so is Steem](https://steemit.com/bitshares/@oaldamster/bitshares-is-superior-to-any-other-crypto-and-therefore-so-is-steem)

According to this, Lightning can be applied to any blockchain, and if so, BTS and Steem would maintain its claim on the fastest. It is still unclear to me if Steem is the fastest currently... either way, it does appear to be the cheapest transaction with tons of scalability.

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