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hmmm... I read from start to finish on this one. For long time I have tried to get and understand certain crypto languages but after talking to @ememovic today and the lessons and lecture from him I have started paying more attention to crypto.

Now from what I have taken from this post, I now see and understand what steem is actually and this has explained most things that seemed magical to me in a simpler language.

I used to think if one does not have bitcoin or other coins that you ave not started the crypto journey, but today I think I will stick to steem and help the community grow and invest more here.

If I can join in mining steem, then I can be better here. Thank you for this wonderful post @kevinwong. I have so waited for your post and am glad to learn a lot through it.

You're mining Steem as we speak :) Enjoy the ride, crypto is an emerging field of study and there are no real text books on it yet, so it's a good time to get into it and build. Steem is a good platform for anyone to do so.

Thank you very much.

I agree with many points in your post. Bitcoin is a dinosaur compared to many other coins. The proof of work model I don't really like because the carbon footprint from bitcoin mining is huge. They say that in 2020 the energy consumed by mining bitcoin will be the equivalent of Denmarks energy consumption. That's quite crazy !

Steem as you say can be mined by anyone and I find the way that Steem is mined to be much more interesting and definitely much more environmental friendly. Anyone can mine on steemit through participation and by putting work into the Steemit platform. For bitcoin only a few even have the capital or technical knowledge to mine.

You do bring up a point about Steemit though, that it tends to bleed a bit due to its model where people might take money out but not put so much in.

I think when the platform has become bigger, let's say 1 million active daily users then you will have more and more of the bIg investors that will come.

I actually made a post just yesterday with a hypothetical scenario where Steem is pitched against another altcoin. I see so many more advantages with Steem, I really do. But due to the constant dilution it might not be as fast of a money maker as some other coins. I think when the market has calmed down a bit, and when people realize that just by adding blockchain technology to a certain idea it doesn't make it sure to succeed. It's a bit similar to when they added .com to companies back in the days.

Steemit is a bit ahead of its time I am sure many will catch up soon enough.

Great post !

Good response to a good post here, I'm with you.

You do bring up a point about Steemit though, that it tends to bleed a bit due to its model where people might take money out but not put so much in.

As you know I'm hoping SMT will be the new price driver for Steem, and we don't even need to get involved with whoever adopts - just hoard our SP and blog about how loaded we all are! 😋

You are definitely right, the SMT is a game changer in this aspect. Glad you pointed that out . I wonder when we will start hearing about some ICO using SMT ? That will be an igniter

Not until next year I think, which could mean a quite couple of months for the price of Steem...

When things are quiet it is the best time to buy ;) what do you think ? 💭

I'm hoping so, added a little more two in the past week 😀

It really is a good time right now. I added some during the last dip. But now would also be a good time to buy some other crypto as well because the price has dropped quite a bit !

Steemit is a bit ahead of its time I am sure many will catch up soon enough

And what a great time it is to invest in it like RIGHT NOW

I agree with you a hundred percent! If Steem would have been promoted like crazy we wouldnt have the chance to still get in when it is cheap, so i am thankful for that :)

 7 years ago  Reveal Comment

Actually network bleeding isn't purely a bad deal, it keeps the price low so more people can get on it :) it'll be great to have investor-types who feel like they belong.

Bit-Coin is Elvis, but
Steem is The Beatles

@kevinworng Bitcoin Day by day increases if we see from 2016 bitcoin growth is spectular! It's only one reason is After legalising in some countries bitcoin growth is really milestone and many billionaires also trying to invest into in btc they also know what they make profit from bitcoin in future. So Yaa Bitcoin future is very bright!

Steem is a really interesting experiment that may turn into a really nice business. The Steem founders are experimenting in multiple dimensions at the same time which is really good. Steem is really best coin for long term!

Yes, Bitcoin's rise works in favor of everyone. If crypto hodlers understand Steem is a gateway to onboard billions on the blockchain, I'm sure the support will come in sooner or later. It's a worthy project to fund and keep some position in.

It can take a long time to overcome first mover advantage. Being first and network effect often results in long term rewards far out of proportion to quality of the current technology.

When was the last time you saw IBM do useful innovation? Their market cap?

When was the last time you saw Mr. Softie do useful innovation? Their market cap?

When was the last time you saw Cisco do any of its own internal innovation? Their market cap.

Sure. BTC technology sucks and is outdated per the current "hottest" ideas.

But being first gives you a lot of room in the market to be mediocre and still exist.

Until eventually of course if a company refuses to do ANY INNOVATION WHATSOEVER, then the company will slowly die off.

Don't believe the scribe above? Go make a Xerox and read it for additional clues.
And if you don

@kevinwong - My greatest concern and reason for holding a few different crypto's is security from things such as civil asset forfeiture which is going to become more of a problem as the currency wars escalate. Bitcoin is rock solid in that regard as are several other crypto's.

My interest in Steem and Steemit is because ultimately it could become the next FB. I haven't read the Steem white paper so I don't know for sure the level of security, but I'm pretty sure that if authority wanted to shut it down, it could (correct me if I'm wrong). Is the Steemit website fully decentralized? I'm a software dev for the past 20+ years so feel free to get technical if you wish.

I know the blockchain is decentralized, but as for security in Steemit, the master password is sort of hot wallet-ish and being powered up through Steem Power definitely is.

However, anyone managing to remember their 12 -24 word seed and storing on a hardware wallet like Trezor using duress passwords makes it nearly impossible for authority to take control of anything significant.

Authority in all forms will soon become desperate and that's when things will start to get ugly. I expect this to happen sometime over the next 2 - 6 years.

Nope, Steemit is not a decentralised application. However, it's easy to just come up with another interface, as with the likes of Busy.org. About security here's an old post on it: https://steemit.com/blockchain/@dan/steemit-releases-groundbreaking-account-recovery-solution

I think the game will have so much movement and layers that it'll be a headache for any auths to do anything significant anyway. 13-week powerdown + account recovery for Steem is good enough imo. Not a jedi-level security expert here though. Btw, what do you mean by

the master password is sort of hot wallet-ish and being powered up through Steem Power definitely is.

Referring to the latter part of the sentence.

I mis-spoke. The first part was referring to the fact that my master key is on my computer and the second part that when powered up I don't really have access to the funds. But then again, that's committed to the network it would seem, so nobody else has access either as long as it's tied up in the decentralized network (not sure how that works exactly). I know that with bitcoin, encumbrances function in this manner as proof of ownership. I don't hold any of my other coins with an exchange, but prefer cold storage.

PS - thanks for the link!

That was an interesting article (by Dan Larimer?). It introduces a new wrinkle should a government request or try to coerce anyone to seize assets.

Has there been any discussion of including a "warrant canary" in the case an account holder becomes deceased and nobody has the key? Is the "account recovery partner" allowed this function?

I see Bitcoin (and Steem) as technological experiments and as such Bitcoin is very important as it is the longest living and the ones where many faults were first detected. As a real currency I doubt that it will be the one that will go mainstream, but it will maybe become a bit like gold because of its scarcity principle.

Scarcity is not meant for the masses but for the already rich so I agree that things like Steem is much better and more democratic. That said this is all in the baby-age and I consider it all to be promising but volatile and erratic. The cynical part of me (about 88.9 %) sees a future where the national banks take over big parts of the crypto-market.

Yep I agree on that bitcoin could be maximum gold, but a currency... I am 99% sure that it can't happen. It wouldn't be practical, because the fixed amount of supply (the scarcity) will keep the price rising.

Haha most crypto evangelists would be sad if cryptos build be in the hands of banks. I think at first it will be taken over by the banks, and maybe in the far future let's say 30 to 40 years from now, we may move on to a decentralized currency.

BTC will never be a day to day currency, that you use to buy your over priced $6 coffee at SBUX

Bitcoin has done a good job of taking crypto mainstream, but it is so wasteful to be burning all that power to mine it. They are having to fork it to make it a viable currency.

It seems most coin prices are driven by speculators rather than people who want to use them.

The only significant crypto I hold is Steem that I have earned here. That has the advantages of speed and free transfers that should make it popular. I have used it to buy stuff such as music, art and guitar picks. I want to be able to use it more often. We could have a thriving economy based on Steem. That will empower people around the world.

No problem for BTC when everything becomes powered by infinite, renewable energy xD

Yeah, because we cracked nuclear fusion decades ago :) You could run the internet on FUD energy.

Steem is good indeed, and agree with you that bitcoin has done it's job, now it has to get obsolete, because of the proof of work algorithm which is realy contributing to the global warming. Maybe people shoud switch to crypto wich are less resource intensive like STEEM, as you mention. It will be a more responsable approach!

Great Post. Followed!!!

I think the only real power that is sustaining Bitcoin is that it is most easily converted into USD, which makes it the defacto reserve currency of the Crypto space.

I mean, if I want to purchase Steem using USD, I have to go through Bitcoin (or Litecoin or Etherium) in order to "get me some".

If Steem really want's to take the next step, they need their own conversion platform.

Steem would go from $1 to $100 overnight if we could just bypass the Bitcoin gatekeepers.

Sounds like that's the case. It would seem like more trading activities = sustained price. I guess anyone can come up with direct gateways?

Great Article @kevinwong!
I totally agree with you on the fact that Bitcoin is a crappy coin.

I posted rather a similar thought on my 🚀 What cryptos do YOU own? – October, 10th 🚀 just below:

Bitcoin was the first Crypto, but…

How is it so special? Its mining process is clearly outdated and other cryptos are trying not to use this incentive model nowadays as it is economically and ecologically inefficient. What does Bitcoin brings? Payment. I can name at least 10 cryptos that do the same faster, cheaper and with more anonymity.
Just ask yourself, if Bitcoin was not so “well-known” and the first crypto, would you have bought it?

Probably not…

I share very similar thoughts. I also believe Bitcoin is a shitcoin and quite outdated. Reminds me of those precious metal preachers. Really, what remains is just worship of an old technology.

New investors need to buy BTC in order to buy everything else. As long as we have this limitation in the markets we will see pumps in BTC and then pump of alts. It is what it is. Steemit is one of the best coins out there but very few realize it because again, we are still too early on.

Bitcoin might be in a bubble and it will burst. But not the same thing will happen with the other alts that have already put safeguards in place. This constant forking of the chain will eventually decimate the reputation and functionality.

with the other alts that have already put safeguards in place

What kind of safeguards by the way?

wider distribution through whitelisting, scalability as with ethereum, coalitions of chains.

heck the very presence of competing coins and technologies safeguard the entire decentralisation system. I think Jamie will be proven right about one thing. After segwit, shit will break loose when the first-late adopters see their investment disappearing slowly while alts get pumps. This is when the true wild west of crypto will begin.

For me, I stick with steem simply because it gives me a platform to be more creative. I am still a small minnow and very few upvotes worth more that a few pennies, but I am making some amazing friends from all around the world. As for bitcoin and all crypto, i don't have a crystal ball. I just go with what my gut tells me, stick with what feels right! Upvoted and resteemed. Thanks for sharing.

If Steem x10 then the small votes will be quite substantial if people hold onto it :) Glad you're enjoying the platform. What topics are you into?

Anything to do with health and healing. I also love to go on adventure and film or photograph. I lov music, poetry, animals. I like to keep up with what crypto is doing. I am also a foodie and love to cook. Mostly all organic.

Brilliant pen down thoughts mate! I am unable to understand how come Bitcoin value is keeping on increasing...well you are right about human's habit to only follow what is trending!
Sometime I just wonder what will happen if Steem just happen to reach at least one quarter of Bitcoin value...Is it a dream or it can become reality!?

Might be possible, if Bitcoin holders understand Steem is a worthy project to fund to onboard communities on the blockchain.

I've been here about 6 weeks - lured by the scent of decentralization. Bitcoin and crypto in general never appealed to me until steem. Although I can't tell you right now what's different about it, I can somehow feel it in the interactions I've had here.

With this recent dip v USD I've been thinking about buying some steem. I've made a habit of converting my SBD to steem and powering up, but it seems it might be a good time to convert some dollars. My problem is I'm not sure how to start. Do you have any recommendations for someone like me? I know nothing of wallets and exchanges, but I know I probably need both... Thanks.

Convert some dollars? Steem dollars? Or do you mean cash out from Steem to fiat dollars?

What I mean is to buy steem. I think I understand I'd need to buy something like bitcoin and then convert it to steem? I'm a total novice at this. Using US dollars to end up with steem...

Go to https://www.coinbase.com and you can buy bitcoin directly from your bank account

Thank you! I just went around their site and I think I can get it from here. Much appreciated!

Ah coinbase or localbitcoins, then send the bitcoin to an exchange like Bittrex.com to trade for Steem :)

That's the plan! Thanks!

This is a question I have had on my mind too.

I'm pretty sure this one applies to me - "If clueless, powering up and voting is just as effective."

Haha easiest decision.. let's hope it pays off long-term :)

I've been doing my share by powering up all of my recent earnings in Steemit and investing a small lump sum into Steemit! I believe in the system, and what it has to offer. I couldn't agree more with this post, this network is entirely voluntary, and mass adoption also brings in spammers etc etc... but I think overtime, we can hopefully build a strong culture that people want to be a part of! I've only been on steemit for about 4 months, but I'm addicted. I love the community and all the support I've gotten as a writer here. :)

Btw I'll be in Steemfest (remember reading one of your comment but forgot to reply). Well hopefully over time the network will become more sustainable. Needs to have more trading activities going on!

OMGGGGG!!!! You will be there!?! EKKK! I thought I saw you were going... but then I couldn't remember. I've always wanted to meet ya! hehe. This just made my day... I was having a pretty crappy day too.. so thanks for that.

I'll be teaching acroyoga with @acromott at Steemfest. You should come take our class. :)

This article is very pessimistic about bitcoin, my hopes are better, history shows it is very unstable and volatile, but what isn't these days. Steemit is definitely more fun and no matter what you win, until you get tired of winning ;) Steemit is freedom of expression, creativity, learning, teaching, exploring you win without being paid, the extra money for participation is like the cherry on an ice cream sunday :)

Pessimistic but not FUDing though. I like that BTC is getting picked up by mainstream, and later people discover Steem :)

I a going to risk being the voice of dissent. BTC is simply an alternative store of people's money away from the banks who take risks without our consent and do not provide proportional returns. While I agree it does not represent an increase in any kind of contribution to the world, what it is doing is 'taking' control away from centralized vested interests. That is a massive job!! It is the global Robin Hood of Crypto!

I do think it will be taken over by better versions and will become obsolete eventually but for now it is taking on the remarkable role of destabilising the status quo that has led a great portion of the world to lose out since WWII.

Steem has its place too, and so do many other blockchain based projects. It is early days and we need to keep our eyes firm on the bigger picture, as adoption increases we can zoom into the details... But all this is just my opinion, many of you might disagree.

Something I just wipped up to illustrate my thoughts!
Bitcoin hood.png

That's kooool!!!!

Dissent is good, no problem lol. Yes, I'd agree that value in BTC is in its available liquidity and attention away from fiat systems.. I really like that it's based on objective proof-of-work, since that kind of measure isn't a choice for society before its inception.

Interesting post! After reading this I feel like I'm doing some good to the Steemit community by converting my SBD's to Steem and using it to vote some good content! Just a satisfactory feeling! :)

Yup it is. Even with 5 cent votes, if Steem reaches $20, that amount would be $1.00 if the receipient doesnt cash out til then! Just use and hold for long-term would be the best approach, imo.

Some valid points

Bitcoin has the marketing side of the business covered and it's getting upgrades over time. With steem is the other eay around, it's great technology but the marketing side of things is a bit lacking and maybe that contributes to it's current low price.
P.s I expected more people to be triggered by your rant about bitcoin :))

That's right. Here's to hoping Steemfest has some great reveals and marketing to go along with it ;) by the way, u should post more!

Thanks for the encouragement, it means a lot coming from you :). The thing is I have a full time job and also have to study a lot so it's tricky finding the time and the topics to write about.

Wow. Awesome post!! :)

It pains me when you go onto someone's account and they are constantly powering down.
This is what is draining/bleeding Steem out.
At this very early stage the only way Steem is going to grow is to invest and keep your money in the system.

I agree that whilst Bitcoin has the main bulk of the money at the minute it is a pain for all the other crypto coins.
But when confidence breaks in Bitcoin and realization hits that there are much better coins out there to be investing in and holding then money will pour into Steem and other crypto's.

Hope you all have a wonderful day!! :)

Powering down is alright, shouldn't be any problem about it and it's a good stress test. But yeah some just bleed it dry lol, although nothing wrong since it's what they've earned / bought. It's just quite punishing for the hodlers, though that's what hodling is about lol. Have a great day too!

This is a very interesting and educative post, i do agree with you on all you said, i do think steem really does have a lot of potential , especially due to the fact that it can be mined easily and it doesn't leave as much waste as bitcoin or consume as much energy.
I strongly believe the price and value of steem will rise in the nearest future... its already doing much better than some other altcoins and i believe it still has a lot to achieve.
Steemit is also a great platform, i believe a lot of big investors will catch up to the idea soon and come in to invest ,i personally get the word out to my friends about steem and i do my own part of participation and upvoting...
Thanks for sharing...

Thanks for dropping by! How long have you been checking out Steem?

I actually heard about steem a few months ago, but i didnt fully grasp the concept till recently, i feel so bad that i was unable to understand such an amazing concept on time... so i just opened a fresh account and am hoping to really invest some money soon... xoxo

I think it takes using it for a week or so to grasp it :) please only invest disposable income.. still highly experimental here, but I really couldn't see how else social media 2.0 is gonna work :)

Thank you so much for your reply, i just posted my #introduceyourself post, please do upvote it, thank you... here's the link
https://steemit.com/introduceyourself/@evelynbelle/whoop-whoop-evelyn-from-nigeria-is-on-steemit

YYou made a lot of points in your post,, bitcoin has the advantage to be on top for as long as possible as it was the first, but steem, i see as the beginning of a new era in the crypo world.. But then , like you said, there has to be efficient methods devised to draw investors to steem,,, the proof of work here on steemit is clear and obvious,, but then every succesful business needs capital which investors can provide to help promote the network... Also for the authors on the platform to also reinvest in the platform some of their rewards.... Nice analysis👍👍

The capital is already here in that the witnesses are mining and creating the capital for us, everyday more capital in the form of mining is occurring, sure if people start purchasing more steem it will increase the value of steem compared to other currencies. That is what makes this such a great opportunity, it is a win, win for everyone. No matter the capital you win by learning and teaching, exploring, sharing and communicating regardless of the steem produced, in this case the steem is being generated everyday and their is more steem to share with users no matter the additional capital invested. Sort of like the employees for microsoft when it first started everyone received paychecks (or value for input) with shares (like steem) of the company itself. When the value of the shares increased so did the value of the product (or participation) in the creation.

Very good and very interesting post. I am asking myself very often, where the bitcoin is in one year and where the steem is in one year. I am sure that the bitcoin will grown more and more. About the steem coin i am not so sure. It is impossible making a price prediction and difficult to say, that investing in steem is profitable or not. It is also impossible to say, that the steem will find its way back into the top 10. What do you think?

Hmm it's the only coin i use out of so many coins out there..

@smartbot tip @kevinwong 1000

I don't hold bitcoin either! I literally hate bitcoin! It's wayyyy overrated :P

Tipped @kevinwong 1000 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.028 USD per SMART. To find out more about SmartCash, please visit https://smartcash.cc.

Interesting, first time seeing this smartcash thing. Btw hate is too harsh a word :p

Hehehehe. Yeah I guess. I just don't like the fact that it's the king of cryptos! :P

I developed this bot myself. I've been helping the SmartCash guys out part time. If you wanna find out more, feel free to join our slack community. We have a tipbot there too lol

Enjoy the tip! :]

The reason why bitcoin keeps rising is because it's the first crypto I think. Because there is a crypto rush now, people choose the most trusted/ famous crypto to put their money in.

People who actually try to understand blockchain, see that bitcoin is inferior to other cryptos. In time more people are going to realise this and bitcoin will lose its place as the #1 crypto coin.

I am glad to see that I'm not the only one who thinks this about bitcoin.

Thanks for your view man @kevinwong

Steem is more powerful than bitcoin but the masses still pumping it. I hope that the whole market will mature in the coming year and steem will rise to it's full potential !!!

I agree, bitcoin rise is great for other cryptos including steem. I am sure that steem time will come probably by next year ..so no fear guy....keep powering up your steem as prices are influenced by dedicated users. Upped, as always...good post indeed.

Just a little bit disappointed as i thought i scooped up the bottom a week ago lol :D

Hahaha no need, you are doing awesome and keep up the good work. Wish you a blessed weekend.

I'm a Technical Analyst and STEEM is primed to hit $4 by Dec and then $14 by mid Q1 of 2018. Here is my anaysis; I call it the Chalice of Weallth!


https://steemit.com/bitcoin/@haejin/steem-update-channeling-a-target-to-usd4-by-dec-and-usd14-by-q1-2-2018

Then should get a 250,000 SP :P. $1m a few months later!

Hi Kevin, I help others by providing zero cost Technical Analysis to anyone...like those many screwed by these ICO pump and dumps. The aim of my blog is to help and do no harm.

A resteem by a Whale like you would be much appreciated. The evidence of my performance and those helped is in my blogs and comments.

https://steemit.com/bitcoin/@haejin/4uaekh-free-technical-analysis-of-your-cryptos-by-a-15-year-veteran-of-elliott-wave-counting-and-chart-pattern-recognition

Great post my friend. I still dont think that Steemit should go for massive adoption just yet.

SteemOn!

Haha.. collect more cheap Steem first??

No. Improve the platform. Free steem you will always colect.

Yes true. The price will reflect upon inprovement. Dont need overly hyped prices.

I am thinking its quite the pain in the ass. Every time it goes through a massive pump it drags the other currencies down. Then when it dumps they often suffer too or make small gains. I wish it would be more stable. But thats the nature of the dinosaur it is

Bitcoin's subreddit is very festive at the moment.. lol

Haha, I can imagine!!

"It's one of the only networks that's perpetually growing in human capital."

As an artist and human, agree with this entirely.

I that at the end of the day, humans win over technology.

Nope, we rely on it :p and tech is useful. It's just better to include humanised platforms in the game.

Ahh yeah that's the word lol

Wow....btc is moon.....
Hahahaha....
I think steem can change our future
Thank you so much @kevinwong for sharing this post...
Upvoted with my little sp....but my appreciate ur post hudge...
Cheers~~~~

Not sure about the future, but in the chart, I can see steem just broke the main support for the next freefall...

I don't mind a free fall as I've been wanting to get more cheap Steem anyway. But hope it's not driving away good users on the platform. In any case, I had fun earning cheap steem when there's not much competition last year during the time when price was at its lowest :D

Steemit, though I love it, isnt truely decentralized like bitcoin. So comaring the two as a blockchain where one is technogicaly superior is a little odd to me . Its like comparing a smart phone and a car ...

Contrary to popular beliefs, Steem actually has a better decentralised consensus, and it also works in favor for high speed transactions. But maybe you've already made up your mind and think Bitcoin, the first blockchain is somehow already a truly decentralised one. Also, decentralisation tends to be more of a buzzword with so many different kind of consensus algorithm. In any case, "true" decentralisation is simply the many different chains out there.

https://steemit.com/blockchain/@dantheman/the-real-proof-of-consensus

Good information :)

Good post, I have 0.0000001 bitcoin, I prefer the Alternatives.
I believe its a positive for the whole market. most people out in world who know cryptocurrency.....know one word and that is BITCOIN, once the media start advertising BITCOIN over $6000-$7000 more people are going to invest and inturn this will put more money into the market. once the hardforks have had there glory, the Alternative will be back stronger then ever....I hope lol

I agree almost completely with your points:)

Steem is a totally controlled by the Whales here, and it's like monopoly of few people having good reputation score & thousands of dollars in steem power.... even if they sneeze they create a post that they sneeze 3 times & that post earns more than 500% bucks as compared to a Very Good Articles posted by the Minnows. We have many examples just search it through & you will find out how much whales in steem are earning without any proper writing skills & what's happening with the minnows & Good Article writers whose very well written articles never be seen in trending..... Minnows are paying to different Whales to get some useless votes for nothing else.... First they Upvote on particular post with the strength of 70%, and then after some time they decrease it to 1% as I cross checked few Upvotes on www.steemnow.com, thanks to them.

And because of these few black sheeps Steem is losing Its worth & the good people !

It's anyone's votes, so I don't think there's anything wrong. In Bitcoin, all users are essentially voting for themselves 100% of the time. Here there's the convenient option of staking others up. But yeah I'd agree votes should be given out more although it's quite hard to fault anyone for just voting for their inner group. Not everyone's into handing money to total strangers.

The Bitcoin Network is the first successful implementation of blockchain technology.

The term "blockchain technology" typically refers to the transparent, trustless, publicly accessible ledger that allows us to securely transfer the ownership of units of value using public key encryption and proof of work methods.

The technology uses decentralized consensus to maintain the network, which means it is not centrally controlled by a bank, corporation, or government. In fact, the larger the network grows and becomes increasingly decentralized, the more secure it becomes.

The potential for blockchain technology is not limited to bitcoin. As such, it has gained a lot of attention in a variety of industries including: financial services, charities and nonprofits, the arts, and e-commerce.

I am a blockchain fan too, it is a great concept, fun to learn and grow.

Interessing post bitcoin now is so speculated i think the price will be down after the fork

this is great post.
thanks for searing.

I strongly agree
good luck

thank brother @kevingwong i read your post, I get new stuff from this post

regard

@steem77

I expect a lot on Steem

Bitcoin is another USD as we use it to quote alts price. That is it. Even shit cryptos got better technology. Yes we have ETH but my point exactly.

The price of greatness is responsibility.

- Winston Churchill

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