Now it's your time to get reactively emotional.
In the blockchain space, you can't get all of the three at once: decentralization, security and scalability.
Bitcoin has the highest security and decentralization. Bitcoin and gold are the hardest forms of money humanity has ever had. The protocol is sound and has withstood a decade of attacks. It is best suited as the basis of a new monetary system after the major fiat currencies have all been driven to the ground. Governments love freely inflatable fiat money because it allows them to keep funding their war machines without having to directly tax their citizens to the poorhouse. In doing so, they rob their citizens blind. Once that has run its course, it's time for try something else.
Steem's value proposition is enabling freedom of speech. The high and unstable inflation of STEEM makes it impossible for STEEM to become a widely used currency. It will remain an utility token limited to this platform.
Fiat currencies are propped up by the fact that governments have tools of coercion at their disposal to make using them the path of least resistance and the fact that central banks have hoarded a full third of all existing physical gold.
If Bitcoin grows sufficiently and if fiat currencies continue to be debased at an accelerating rate, central banks may begin to purchase Bitcoin to gain possession of currency with a hard cap. To make Bitcoin more spendable in small amounts, second-tier solutions like the Lightning Network will be required.
Steem is capable of growing on its own accord but that requires much greater adoption. The upcoming months are critical. With Communities in place, Steem will be able to offer a better user experience. It is then when, marketing will have to kick into a high gear to maximize our numbers. The value of Steem is in the number of its users.
RE: Bitcoin is a Pestilence // Whos staying if we hit the ATL?