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RE: Over 200,000+ unconfirmed Bitcoin transactions. Steem would process this within a minute!
Steem can also be shut down or forced to hard fork to censor transactions and accounts of unpersons like Snowden pretty easily.
I don't see how Steem can be shut down or forced (by governments) to hard fork. Steemit.com can be shut down or forced to make changes, but if someone hosts the website from a country like the Bahamas we can still use the Steem blockchain.