@brandonfrye a very nice comparison of Bitcoin miners and Steem Blogging. And yes I agree that Steem, SBD, and SP are still in its infancy and I hope it will grow like Bitcoin. I would argue that the Bitcoin miners (which btw the majority are controlled by 4 major companies) is more analogus to the "Witnesses" on Steemit. This is because the Bitcoin miners have more control on what happens to the future of Bitcoin i.e. hard forks and the Steemit witnesses have control over the future of Steemit. Please correct me if I am wrong. I loved that in your vlog you used the term "missed the boat" @3:31 as I just made a meme "Did I miss the Bitcoin boat?" You can check it out here. Very new at this and enjoying your volg. Cheers!
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Those are some great points, @rcebike. I honestly have more understanding of Steem than I do Bitcoin, so I'm not sure how much control the miners really have over the future of the blockchain. I don't believe that BTC blockchain changes that much unless there's a fork. And with Steem there really are no forks but rather changes that can be made to make things better which requires a large consensus of the top Steem witnesses. But again, I'm not as informed about the inner workings of BTC as I probably am with Steem. But you're absolutely right; there are only a handful of companies now that can actually compete (or afford) to participate in the mining of BTC. Great points you've made and things to consider. I appreciate it!