This is a red herring to the issue of the current block size, which currently limits the network to only be able to perform 2.7 transactions a second.[1] This

This is a red herring to the issue of the current block size, which currently limits the network to only be able to perform 2.7 transactions a second.[1] This means that if the country of Greece (11m) were to use Bitcoin, each person would only be able to make 1 transactions every 48 days. That's also assuming no competition with the fees. The "Free Market" design that prioritizes blocks with larger fees would mean that some blocks stay in the queue for much longer than 48 days. Just for the country of Greece. [1] https://bitcointalk.org/index.php?topic=941331.msg10360199#msg10360199 https://bitcointalk.org/index.php?topic=941331.msg10360199#m...