So I saw @edicted make a post about litecoin and how if BTC tx fees went as high as $50 again that people would look for other coins again.
https://www.steemleo.com/litecoin/@edicted/litecoin-misinformation
But he thought people would go back to litecoin. And they go to litecoin BUT I believe its time for EOS TELOS and Steem to scale and be known and this time WE will jump in and grab a large marketcap with our BTCP pegged Bitcoin which WILl take off as soon as @aggroed @someguy123 @beggars @holger32 show off the NEW steem engine AND create a space for BTCp trading pairs which you may be able to soon purchase from steem engine for 1000 or more ENg burned or staked .
So, when people look to a new chain as BTC TX prices are too high, it is TELOS that will actually be the best choice for scaling globally right now. Telos will scale the easiest first because of its 1 million account pool, but needs the EBTC or BTCP token. We have eBTC and soon BTCP on eos but for Steem we have everything we need and simply need @steemit to give up 3 million steem, for 1 million account creation pool. SO UNTIL then STEEM is the best option AND we can even use DISCORD to Tip BTCP as a THIRD layer of scaling thanks to @inertia WHO could actually work to create some killer features in @banjo tip bot that can be accessed by buying and staking or burning banjo. Once we have a STEEMP social media dapp on telos using steem, perhaps I can get funding for some of the existing steem talent and developers to rebuild tools on telos. Inertia could actually work with @steem.ninja for an onboarding system for steem INV tokens AND we can use Telos accounts and a scaling solution cross chain to allow for STEEM LITE accounts.
Id like to also help explain the works of @someguy123 who has the ability to allow users to hold their own keys for the EOSP pegged asset, so maybe for BTCP we can hold our own Bitcoin as well. I need to research the documentation behind steem-engine buts its all broken down here:
https://steemit.com/steemengine/@ackza/steem-engine-is-open-source-and-with-your-help-we-can-add-more-tokens-and-optimize-the-site-for-mobile-browsers-we-can-invest
Using @banjo tip bot by @inertia i was able to do the following command:
$withdraw 0.00000001 BTCP edicted
This withdrew 1 satoshi to @edicted and he can actually withdraw that, sell for steemp, and withdraw to steem. if he had enough to make 1 BTC withdraw he could withdraw it to main net but no one is expecting to withdraw 1 satoshi. THIS is why people made the lightning network BUT WHY even waste time with that when we have a BLOCKCHAIn to use as our OWN steem lightning network, using steem-engine!
We can check the steem engine block explorer to see the BTCP pegged bitcoin satoshi made it to the account of @edicted
https://steem-engine.rocks/@edicted
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