It's becoming painfully apparent that Bitcoin (BTC) needs a serious overhaul & hardforking if it's to survive into the future. Earlier this week I'd waited just a little under 5 hours to get first confirmation on the BTC blockchain even after using an above average miners fee. While I was just moving funds around it dawned on me that we have serious issue with BTC at the moment. The 10 minute blocks that Bitcoin tends to attempt to target are not feasible in real life situations such as purchasing groceries, purchasing items in face to face merchant situations or going out to a restaurant to eat.
Had I paid at some fancy restaurant with Bitcoin when the transaction was left hanging unconfirmed in the Bitcoin mempool for 5 hours they'd have had me in the back washing the dishes for the rest of the night to settle the bill till the damn thing confirmed! Absolutely unacceptable waits for a currency!
In walks the Steem Backed Dollars (SBD). It's fast, stable and does everything you'd want a currency to do. If you bust out into comparison you can clearly see that using SBD is far superior when you put it up against Bitcoin:
As the illustration above shows it's not even a competition between Steem Backed Dollars and Bitcoin when you start to look at the specs and what one can tend to expect when using the currencies. When the popularity and reach of Steemit begins to grow it is possible you will see the users realize that the outdated and underdeveloped Bitcoin will likely lose traction and Steem Dollars will rain king.
