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RE: Steem has Achieved the First B+ Grade on Weiss Cryptocurrency Rating

in #steem7 years ago (edited)

This only shows one thing: that the whole crypto currency business is still dependent on Bitcoin. We're just entering the early stages though, hopefully things will change for the better soon.

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Yeah I hope that BTC looses the leader position soon to Ethereum, than to Steem...

https://steemit.com/bitcoin/@mexbit/bitcoin-is-about-to-loose-its-number-1-rank-great

I don't like Ethereum either. The only reason Ether's price is somehow stable than BTC is because of the ERC20 token and being one of the main trading pairs. This creates the illusion of value, not to mention the ridiculous Gas fee.

I prefer no leader in this space and let the best tech wins from time to time!

Ridiculous gas fee? It's around 1 gwei atm, should cost you couple cents.

The last time I bought 1 Etherum cost me around 30 cents.

Yes, it was clogged few weeks ago.

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Maybe it's just a couple cents for you but when you convert that couple cents into our local currency, you will begin to notice the significant difference when you compare the Ethereum's ancient tech to today's next-generation and fee-less protocol.

But let us forget about that for a moment. I had a very bad experience with the Ethereum network during the first time I interacted with the EOS smart contract.

Long story short, I lost not only a couple cents but a few bucks already because every time I send an insufficient Gas amount, my transaction will not be processed and there was no refund whatsoever!

I mean, really? It's that easy to grab my money? I was shaking my ass when I heard the news that Kik's CEO has revealed their decision to ditch Ethereum being the dial-up era of blockchain.

Yes, when you use faster cryptos like steem other seem outdated :D

cant see that happening anytime soon. nice thought though

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1, Create an account
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3, login

  1. Complete your Profile
  2. Attach Ethereum wallet
  3. Congratulations...!

Yeah, if bitcoin actually gets unseated as the standard, it's going to be a painful process for everyone.

It's going to be a bitter pill to swallow but a necessary event for the whole crypto market to evolve and gets matured. I believe it is only a phenomenon that every one involved has to deal with for us to move forward. It's part of crypto evolution. I don't like the idea of having one currency to dominate the entire market.

Yes .i think bitcoin is still king.and always be king.this is my thinking and can be wrong.

Yep I agree bitcoin will always be king. Most of the time you have to exchange bitcoin to buy the alt coins.

yes i understand , that also mean bitcoin is mother currency,without bitcoin alt is nothing,

I appreciate the part when you say most of the time. It means not all the time!

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