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RE: Can Bitcoin scale to keep up with demand created by Steem?

in #bitcoin8 years ago

Very true. This only means to me that Steem's economy needs more on and off ramps including directly to fiat. You may not want to get into fiat, but I hope that some more third party services spring up to deal with this demand, especially if we cannot rely on Bitcoin in the long term.

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These fiat ramps will happen as Top Exchanges list STEEM. I'm sure Polo will be next to pick off that volume from Bittrex. Essentially, every BTC fiat ramp will become a STEEM ramp up to $10 billion. But Dan is worried about what happens at $100 billion cap. Then we need new solutions.