> Not 7 transactions but 7 settlements per second, which clear in under 60 minutes. You can have as many binding transactions per second as you want off the cha

> Not 7 transactions but 7 settlements per second, which clear in under 60 minutes. You can have as many binding transactions per second as you want off the chain. If you're willing to engage in transactions off-chain then you might as well use PayPal or other fiat. The blockchain and the protocol surrounding its maintenance is central to Bitcoin and its philosophy, it's not merely some 'nice-to-have' feature that should be jettisoned as soon as it becomes inconvenient. After all, the blockchain is the one and only authoritative Bitcoin ledger, everything else in Bitcoin is an IOU, no matter how sensible it might seem, which is why Bitcoin itself will reject a transaction if it's not included into a mined block in time. And either way, way to ignore the in-practice 2-3 transaction per second limit.