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RE: STEEM: Way Ahead Of The Pack
Is it possible that transsctions on other blockchains represent a different intent ( trade/buy product) when compared with Steem (uovoting a comment)?
I am wondering if it is an apples to apples comparison?
That is a good point. I’d love if someone could elaborate on that question too.
That could be very true. No way of telling I would guess without looking at each blockchain. That said your conclusion is probably correct about Bitcoin and Litecoin (and some others) since they are really just currency chains....not much on them outside of the moving around of money.
Then we need to ask ourselves which type of transaction represents more value?
I would posit that since noone is actually buying anything real with crypto , a utility transaction (steem) is more valuable but in its current form on blocktivity , it's clearly an apple to orange comparison.
I would tend to agree with you that utility tokens provide more than just currency tokens at this point. I like the utility because that is what gets non crypto people involved. That is not to say that a currency cant explode and become money overnight to millions...but at this point, the traffic for activity of utility is probably more valuable.