> If this happens, transaction fees will go down and opening a channel will not cost $50 Bitcoin can process about ~3.5 tx's a second. The global population is

> If this happens, transaction fees will go down and opening a channel will not cost $50 Bitcoin can process about ~3.5 tx's a second. The global population is about 7.6B. 1MB blocks are not sufficient.. Edit: For the record I think the obvious solution is both on and off chain scaling. Why it's even a debate I'm not really sure. I blame the illuminati.