Bitcoin Forum

did you realise that by now steemit has 1.2 million daily transactions while bitcoin doesnt even has 200k per day?

for a currency that wants to be the worlds currency thats quite bad.

bitcoin is in general not at rank one regarding the activity.

http://blocktivity.info/

and it will get worse as soon as the us dollar is gone.

bitcoin becomes the currency of the speculators and the hodler sect

regards

Basically the rise of Steemit is really surprising on the other hand it is shocking too. But still they don’t justify that BTC is a bad coin or not based on this BTC will soon recover its market after few days later.

Steemit is expanding and growing day by day. According to the recent statistics, it has reached more than 1.2 million transactions each day. But, I believe Bitcoin and steemit stands on different platforms and there is no comparison between them.

Yes, the rise steemit took is surprising and a bit of a shock too. But this does not justify that BTC is a bad coin or is not a worthy opponent. The coin is still recovering from the dip at a very slow pace. Give it some time, the tables might turn around.

Well it looks like that BTC has had some serious competitor in a while. But the majority of the people believes that BTC is so far behind, is because of the dip. Once the coin recovers, it will be the at the top again.

The numbers are varying so much, maybe because of the fall BTC has took when the entire market went in a depression. But a little competition is always healthy. Wait till BTC rises in full fledged, then the real competition will begin.

Bitcoin has become a popular coin in the electronic money market. This is a very valuable coin worth investing in. As the electronics market goes down, the price of bitcoin goes down. But everyone can continue to hold to wait for the market to recover.

I don't think that comparison is fair in anyway.
Bitcoin is basically aimed at executing transactions and hardly will compete with social media in terms of activities.
That cryptocurrency is been battled hits more on bitcoin; with the filters of the effects rubbing off on altcoins.

Whether there is a transaction or not, we must go through one or more articles, post our own articles; either through content creation for bounties or for other purposes.

You get paid for taking part in hobbies that you love; resulting to an expanded community.
I doubt if the holders of bitcoin compares to the massive size that holds steem dollars.

Let's not be too critical of Bitcoin; if the government wants to kill it off why should the community go the same direction?

Steemit has a very large and active community who get engaged in the art of writing for fun and as freelancers.

Most of them are not knowledgeable enough to get engaged in the indept cryptocurrency.

They do what they love doing; gets paid and they withdraw for personal use.

For me that comparison is not fair to our darling Bitcoin and coming from this community and criticizing Bitcoin is uncalled for

That's not a surprise and it doesn't make steemit a superior coin. There are a lot of coins that are used multiple times more than bitcoin as bitcoin is being treated exclusively as an investing coin. Bitcoin can't compete with Ethereum for number of transactions and it doesn't have to.

yeah OP is thinking having more transaction makes the coin more popular than bitcoin, bitcoin transaction fee is costy compare to the other coin i think that is the reason why it's more used than bitcoin, i think doge is better when it comes transaction fee and congestion happens to ethereum i guess that's because of the smart contracts.

Well that is the difference between small and big market cap, the first has a number of transactions but with the sum of not a bigger one while the second one has a minimum number of transactions but a huge amount involved.