RE: Vlog 170: Steemify downloads up to 15-20 times per day + Invest in blockchains that can scale. by eviljedi

Viewing a response to: @exyle/m3sdymj8

dtube · @eviljedi · Dec 26 '17 (edited)

"Invest in blockchains that can scale."
How do you determine that? When none of them are actually trying to scale? The only real example is Bitcoin and even with the best developers in the world they are choosing to do the off-chain scaling. And that is because blockchains don't really scale well.
I am sure that the technology will evolve and innovation to scale blockchains will come soon enough. But before that I wouldn't really call it an investment, more like a bet.
Anyway, congrats on the success of iOS app! Keep the good work up.

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@safetony · Dec 26 '17

you can look at https://www.blocktivity.info/ to see how well it's scaling! We are number 1 but yes proof of work systems do not scale very well but this is a proof of stake system and I for one am not only holding my stake but staking more :)

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@eviljedi · Dec 26 '17

Nice to point out how many transactions are needed on this blockchain just to sustain the functionality. But considering it to be number 1 blockchain because of it is dumb. 
And tell me this about PoS, why do you need blockchain if it is controlled by the few?

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@safetony · Dec 26 '17 (edited)

I meant number 1 in terms of volume lol and I am staking my coins here so it is keeping the profit here. Bitcoin you have no incentive for holding with quick profit taking causing lots of volatility to be honest proof of importance seems like the way to go as it is environmentally friendly and you get rewarded for using the coin.

I have mixed feelings about Pos!

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