Dear Minnow (part 16) - 5 WAYS STEEM IS BETTER THAN BITCOIN by nairadaddy

View this thread on steempeak.com
· @nairadaddy · (edited)
$3.07
Dear Minnow (part 16) - 5 WAYS STEEM IS BETTER THAN BITCOIN
*Dear Minnow,*

#### Have you ever wondered what it looks like comparing *Bitcoin Vs Steem*? Then you are in for a sweet ride as I fly you through the eyes of a cryptoanalyst. At the present, Btc may seem to be winning afterall the price is 4-figures while Steem is just barely managing 1figure. You see *those who cannot look into the future, will suffer from the changes that the future will bring*. Now lets take a critical look at now and the future of these 2 cryptocurrencies and see what it will give us. Wear your thinking cap let's go...

---
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*First of all, Steemit is a beautiful young woman while Btc is a pot-bellied old man* **LOLX!**
<a href="http://imgbb.com/"><img src="http://image.ibb.co/hkOOCm/images_3.jpg" alt="images_3" border="0"></a>
[source](https://www.google.com.ng/search?q=bitcoin+vs+steem+pics&client=tablet-alps-full_tecno_dp10apro-ng&prmd=inv&source=lnms&tbm=isch&sa=X&ved=0ahUKEwj07riUhMDXAhVCPBoKHaqQAJ8Q_AUIEigB&biw=1280&bih=800#imgrc=nKRIgDRZLXLMDM:)

### 1  NO TRANSACTION FEE
You see the issue of transaction fee has always been a crucial factor for Bitcoin transaactions. If cryptocurrency is claimed to be a replacement for the *current banking system*, then I see no reason why we should keep paying a transaction fee. This transaction fee is actually going to the miners based on how Btc is structured.

On the other hand, the Steemiverse boasts of *zero transaction fees*. You send and receive huge or small amounts of Steem/SBD and even delegate Steem power at no extra costs at all. You may not understand what this means for the future of cryptocurrencies. A time will come when transactions will be so free all over because many other alts will tap into this idea started by Steem.

### 2  SPLIT-SECOND TRANSACTIONS
The lenght of time taken for transactions is the reason for all these *Hard-forks* in Bitcoin. Proponents of a faster cryptosystem are looking for a faster way to run transactions while the old dudes have refused to move forward. Some suggested increasing the blocksize. Some are supporting the idea behind *SegWit* (Segregated Witness) which will remove certain bitcoin signature data. Before I get in too deep, just know that Bitcoin takes at least 5-10mins at off-peak periods to transact. During peak times, you may have to wait for hours.

Steem has changed everything. All you have to do is *click* send and your transaction is done. No hassles of waiting for confirmations before your transaction is complete. The system auto-confirms you. Steem can handle 10000 transactions per sec which is far more than that of Btc at 3 transactions per sec.

###  3  NO MINERS, ONLY CONTENT CREATORS
Cryptocurrency was failing with its goal of decentralization with the advent of Miners. These miners were meant to confirm transactions by solving mathematical problems with heavy equipment and computers. This may look cool in theory, but in reality it gives power to the *big boys*. They have the resources to purchase such heavy equipments and pay the electricity bills required. So they control the currency directly and indirectly.

While in the Steem ecosystem, that word *miners* almost doesn't exist. We we use *Proof-Of-Brain* instead of *Proof-Of-Work*. Thats to say that the real power of *mining* the new alts is handled by the entire community instead of a set of people. We decide how to share the *reward pool* everyday Hence its more difficult for *any one person*  to call the shots here. Also the Steem blockchain uses *witnesses* which decentralizes the nodes for the network rather than the bitcoin mega-miners who can control the fate of the cryptocoin. 

### 4  HUGE POTENTIAL FOR MORE GROWTH
Bitcoin is already *tanking*. I mean if you bought it when it was 1$ or 10$ or even $100 then by now you would have made amazing profits. But for those of you that are planning to go and buy now, you are buying it for more of as a store of value than as an investment.

When you talk of STEEM, you could easily imagine it at $10 or $100 0r even $1000 from its current value. Now thats the profit you have been looking for. If you have 1000 steem now, come back 3years time and you would be a millionaire.

### 5 AN ORIGINAL IDEA SUPPORTING MORE IDEAS
Bitcoin is just bitcoin. Its only surviving in this ecosystem because it arrived first and it is essentially central to the whole cryptocurrency world. Its position is strategic but not irreplaceable. Litecoin has been edging towards replacing it for a while now. Bitcoin Cash also yearns for that position. In the future, BTC will just be like *gold*...a store of value.  

Do you see the number of ideas that have been implemented on Steemit? @Utopian-io? @steemgigs? @minnowbooster? etcz. All these couldn't have been possible without STeem and STeemit.com. Who knows what or where @surpassinggoogle, @elear and @reggaemuffin could have been now. We would most probably not have heard about or even met these wonderful people. Now we know them and enjoy their awesomeness all because of the *STEEMING IDEA* of @ned and @dan.

---
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#### In conclusion, STEEM and STEEMit are original and unique ideas that have never been seen before so it must continue. I am a futurist and I believe so much in STeem to be that change we all need to see in this cryptosystem. The world is going to adopt cryptos and its better they meet us ready when they come. *STEEM IS READY!*

---
[![pexels-photo.jpg](https://s7.postimg.org/il4kbjyiz/pexels-photo.jpg)](https://postimg.org/image/4rg7mi5xj/)
PEXELS.COM
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---

### PS: Don't forget to give someone a nice soothing *hug* today. You would get yours too, I promise! #Hug-Challenge is for you!
[![Hug_Challenge.png](https://s7.postimg.org/tn9n9mahn/Hug_Challenge.png)](https://postimg.org/image/c9zcurf6f/)
Coutesy @ogochukwu
---
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## I remain me, my mouth and eye @nairadaddy aka SteemDaddy. My aim is to leave you better than I found you everyday!
[![U5dto_Zp5we_Jxs_Fb_Qr3sfkx_Ftb_Rf_WDZp.gif](https://s1.postimg.org/9rvre9ln8v/U5dto_Zp5we_Jxs_Fb_Qr3sfkx_Ftb_Rf_WDZp.gif)](https://postimg.org/image/2l4a0xn4yz/)
 Courtesy @stellabelle
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 23 others
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@visky ·
$0.02
Great Post Daddy :)
Hopefully someday steem become cryptocurrency substitute bitcoin

Please Follback @visky
👍  
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@nairadaddy ·
Yeah. Thats the hope indeed or at least get more public recognition...
I'll check out your blog to see what you have there.
Cheers bro!

#hug-challenge!
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@minnowpond ·
@minnowpondred has voted on behalf of @minnowpond. 
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond. 

                To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
                To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
                To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo
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@juliusfatai ·
$0.03
Steemdaddy, nice writeup.
👍  ,
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@nairadaddy ·
Lolx. Thanks bro @juliusfatai. Cheers!
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@minnowsupport ·
<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by NairaDaddy from the Minnow Support Project.  It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso.  The goal is to help Steemit grow by supporting Minnows and creating a social network.  Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>
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@followforupvotes ·
Congratulations
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
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@greenrun ·
$0.02
Zero transaction charge is one of the steem's best attractive selling point. Now, to transfer a $5 bitcoin you would have to pay a $10 transaction fees. The transaction delay is also annoying, to say the least. Cheers.
👍  
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@nairadaddy ·
Yeah indeed bro. That analogy you gave of using $10 to transfer $5 is just plain *wicked* but its true. 

Thank God I found steemit where everything is possible...Cheers man!

#Hug-Challenge!
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@greenrun ·
It does not make an economic sense.
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@phunke ·
Steem is the future.
👍  
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@nairadaddy ·
Yeah dear. STEEM to the moon baby... Cheers!

#Hug-Challenge!
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@nmalove ·
I believe so much in the future of steem.
👍  
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@nairadaddy ·
Yeah dear. Steem is the future indeed. We are going places with this. No stopping till we hit the moon dear. Cheers!

#Hug-Challenge!
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@yanga ·
Hi @nairadaddy... Your vast of knowledge is irreplacable, if not for steemit, i wouldn't have met an amazing person like you. 
I'm a futurist too... I'm waiting for the day, STEEM will takeover.
👍  
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@nairadaddy ·
Hmmm! *No burst my head oh with your rhetoric.* Lolx.

I'm glad to meet people like you too. Welcome to the new world where everything is possible...Cheers!

#Hug-Challenge!
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@el1748eth ·
Great post.. every day I read more about cryptocurrencies and couldn't quite yet understand why Eos and Steem didn't need miners. Keep up the good work.
👍  
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@nairadaddy ·
Oh thanks dear. I'm glad I could clear that up for you. Stay tuned for more detailed info on stuffs that will help you succeed here on Steemit. Cheers!

---
BTW: I like the concept of your name @el1748eth... those who dont know won't see *ELIZABETH*clearly written. Lolx!

#Hug-Challenge!
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@el1748eth ·
There is a story behind my username.. I think I'll write a post about it. I wasn't sure if people could see my name in there. I'm glad it's working. Cheers.
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@cwen ·
I believe stm would be far better when the  SMT is fully running. I also dont like  the fact that bitcoin is not as decentralised as preached. The charges, the resources requires and all. Glad to see someone post about. I was waiting to learn more about cryptocurrency before I can make this comparism.
👍  
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@nairadaddy ·
Yeah @cwen. Nice that you can relate to this. Steem and Steemit has so much potential. Only if we know how to use it well to achieve our aims. Btc is too big and slow for the future. Cheers dear!

#Hug-Challenge!
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@seyiodus ·
I love your concept. This what people should know about steem. I personally have giving up on bitcoin and I just wish that other cryptocurrency meet up. Steem is going for it and it will stay than what people are thinking.

I read a post that talks about some people having multiple account on steemit and it might affect it in the future if they are having the steem and selling it on a hihger price.
I believe that even though they are wrong in their doings, but the power is still in the hands of the majority. 
But something must still be done about it.
Thanks for sharing your view @nairadaddy
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@nairadaddy ·
Hey @seyiodus, you are definitely welcome for enjoying the writeup. I'm glad I could pass on some info to you.

On the issue of having multiple accounts; it really doesn't pay. If you have 1million accounts it means you ought to have 1 million efforts and $1 million USD to invest in them all. Thats the way I see it. So it doesn't really change anything. This is not Ponzi/pyramid scheme. People are only rewarded based on merits and relationships here.

Also, if they sell *their* STEEM at a higher price in the future... *isn't that what we are all praying for?* I wouldn't want to sell mine at a lower price though. Same with you. 

Cheers dear! *Keep Steeming!*

#Hug-Challenge!
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