Hello everybody ... I have joined Steemit and am new to all this Blockchain and Decentralised stuff ... Can anyone recommend good web pages or you tube channels etc to help me get clued up on this new and exciting technology ...
How big do you think this will get ... Will Steemit one day replace things like Facebook etc? ... Will Bitcoin becone a Global Currency? ... I am so excited to be a part of all this :0 ....
Hi Ashley, welcome to Steem! :-)
Not sure what to recommend. It's a bit of a deep-dive.
I really liked the documentary "The Rise and Rise of Bitcoin". Steem is an expansion on the same basic idea but potentially far more powerful. I personally believe that Bitcoin is going the way of MySpace, but that Steem or something similar will end up achieving the original goals of Bitcoin.
i cant see that happening ... i can see steem replacing things like facebook or giving them a run for there money a few years down the line but not as a currency ... i think bitcoin is simply just to precious in the crypto world its value will just keep increasing ... i think the future will be economies inside of economies for example if i want a coffee il trade into a starbucks coins etc ... bitcoin is the gateway in and out of the crypto world ...
How can Bitcoin be the gateway in and out of crypto if only 15 million people can make 1 Bitcoin transaction per month?
what do you meen ? .. if only 15 million people can make 1 transaction per month?
That's the transaction capacity of Bitcoin. 15 million transactions per month. With Segwit (which isn't happening) it increases to an enormous 30 million per month. So then 15 million can make a transaction once every 15 days...
it will scale to process faster ... i ment if you want to buy an alt coin you will have to buy bitcoin then go to an exchange to trade for a different coin/asset .. there are few other coins that you can buy with a fiat currency but 90% is enter by fiat to bitcoin then alt then alt to bitcoin to fiat to exit ... am i wrong?
That's what I used to think. Unfortunately no, it is not going to scale. The debate has gone nowhere in two years. We are as far away from a scaling solution as ever.
Welcome
Cheers Bud