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RE: Venmo Now Charging 1% Instead of $0.25 Flat
Ethereum won’t cost anywhere near one cent when it has as many users as Venmo. Steem is a much cheaper alterntive. Witnesses take 11% of all token inflation, though.
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I imagine it would cost less given plasma, casper, and sharding scaling solutions.
Steem is great for on-chain applications though.
Yes, it will be cheaper after Ethereum's transition to PoS and other scaling solutions. But Steem is ready to scale right now while for Ethereum it will take a long time.