Steem transfers are fast, easy and immediate. No complicated address to copy/paste/mess up. Bitcoin look out!

So Fast!

Congratulations to all of the devs that worked to create Steem, even as a beta release the functionality and utility of the platform is amazing! I have just moved Steem from an exchange to a Steem wallet in order to 'power up' and the transaction was instantaneous - the balance in my Steem wallet posted as fast as I could refresh the browser. Wow! 

Bitcoin...

Is slow. There, I said it. Yes, Bitcoin is a revolutionary way to move value around the globe and is arguably the single most important financial innovation in human history. I have used it for years and love it dearly. But it's slow. When I transfer bitcoin there is invariably a bit of hand-wringing as I wait for confirmation that my magic internet money went where I thought it went. And those addresses. Copy/paste/oops. It gives me anxiety.

Problem solved

Steem uses account names instead of addresses to transfer units. It is ridiculously simple and easy. My Steem account name is 'johnsmith'. I type "johnsmith" as the receiving address, enter the number of Steem units to send and confirm. Done. Could not be easier or faster.

Bitshares

To give recognition where it's due, the tech behind Steem's slick transactions was developed by the Bitshares team (led by Dan). They pioneered the use of account names to send/receive coins/tokens/units nearly instantly and have had the tech up and running for about two years. There is a lot of amazing work being done on the Bitshares platform and it is well worth checking out.

Exciting times

If you're reading this post you are at the vanguard of a game-changing technology that may prove to be one of the most successful crypto projects in history. It's an awesome time to be alive!