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Search for visa stress test they can handle over 56,000 tps. You could write a centralized system that interfaces with millions of partners handles tens of tho
by sanswork 11y ago
Search for visa stress test they can handle over 56,000 tps.
You could write a centralized system that interfaces with millions of partners handles tens of thousands of transactions per second and does fraud detection? Do it. You sound like the basecamp is a weekend project people.
You aren't? But you just said its good for shopping because of discounts so now it's not good for shopping because it won't scale? Bitcoin couldn't even handle worldwide remittance volume at the moment. And the only scaling solutions that make sense involve not using Bitcoin.
And so can remittance companies now. Moving money isn't the expensive part of remittance it's the last mile. Even one of the former directors of rebit.ph posted a large article on why Bitcoin doesn't make remittance cheaper. Some edge cases sure but only if they remain unpopular. You talk about avoiding forex but all you're doing is adding another one.
This is what people have been saying for years though. If you're depending on merchants investing in the cost of supporting your new currency you can't also expect them to hand all the savings over. They do it for the savings not to lower prices.