3 ms·
In the world right now, how many transaction per second in $USD are ongoing? 1000? 100,000? Visa can handle 20K/s, IIRC. Bitcoin can handle what, 3-7 per second
by hn_acc1 1y ago
In the world right now, how many transaction per second in $USD are ongoing? 1000? 100,000? Visa can handle 20K/s, IIRC. Bitcoin can handle what, 3-7 per second?? Yeah, that'll scale up to "the world currency".
- mmh0000 1y agoThere are many reasons to poo-poo on Bitcoin, but, please pick a valid one. The transactions-per-second problem has been solved for over a decade and is widely implmented: https://en.wikipedia.org/wiki/Lightning_Network https://en.wikipedia.org/wiki/Lightning_Network
- lxgr 1y agoBitcoin becoming the world reserve currency does not necessarily imply it also becoming the primary payment currency, nor would it somehow imply fully reserved banking. Satoshi would probably shudder at the thought of Bitcoin-backed fractional reserve currencies, but that's about the only thing he could do about it.