https://bitcoinmagazine.com/articles/op-ed-weiss-cryptocurrency-ratings-are-laughably-bad/
Bitcoin Maximalists stay on the sinking ship no matter what
I must admit I do not like the necessity to open channels and so on, that the Lightning Network offers as a solution of Bitcoin's scalability issues.
Bitcoin magazine says that this is only because of the number of users. This is pure bullshit when one compares it to the number of transactions for example on the Steem or Bitshares network which process 5 times the transactions that Steem processes without a hickup on a daily basis. If I use that as a basis Steem should be worth a trillion USD, today.
They just hold on to old believes, they think that the cryptomarket is not as dynamic as it is. And that a letter will not replace email, because letters are so stable and have been around for thousands of years. Bitcoin will not be replaced no matter how awkward it is to use and how expensive transactions are (even in Lightning Network you have to pay for channels and for transactions).
Tone Vays also is one of those guys who has been around for only a few years and having a Wall Street background (the innovative WallStreet you know?). He is also a Bitcoin Maximalist. He called Steem even a scam, as he did not understand the white paper. Now, a few years later Steem, the scam, is having all of the innovation and interesting real life benefits Bitcoin will never have!! Like:
- instant feeless transactions
- d.tube Youtube replacement
- dlive.io Ustream replacement
- dsound Soundcloud replacement
- steem banking and curency system replacement
- Smart Media Tokens, ERC20/Ether replacement
- Passive Income for delegating Steem Power
- last but not least, steemit - facebook, reddit and twitter censorship-free replacement
Also, Steem is the only way for a content creator to make some money today, this draws all the creative minds and their millions of followers to this eco-system. This is massive!!
Steem is undervalued totally!! I think that people investing time and money in this platform will be better off than in Bitcoin...
And that, my dear friends of Bitcoin magazine, is why Steem is a buy and Bitcoin is not!
Disclaimer: This is only my opinion, no investment advice... for that please go to your government-licensed advisor.