iBankCoin
CAPS LOCK IS CRUISE CONTROL FOR AWESOME
Joined May 7, 2012
171 Blog Posts

Bitcoin Scales or It Dies

 

The current throughput of BTC is 7 transactions per second. That’s 420 tx a minute. ~600,000 a day. For a global network? How do 7 Billion people use a payment network that can only process 600,000 transactions a day?

Ethereum is doing nearly double that number of daily transactions but is also having a lot of problems with scaling and transaction costs. Ethereum tx chart here.

Here is a log chart of BSV transactions in red:

Twice BSV has exceeded 2.2M transactions for a day. This is still not enough and BSV needs exponential growth. The war is not won but the daily battles of transactions and blocksize are starting to tilt one way.

BTC does not scale and other than a few handwaves at Liquid and Lightning Network there is no plan for BTC scaling.

The importance of scaling and recognition of BSV as the King Without a Crown is not a popular opinion but you can’t dispute the numbers and the facts.

And that is the investment thesis of the decade put as simply as possible: BSV scales.

Nothing else matters.

 

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3 comments

  1. metalleg

    Do you give BTC any chance of making it? If so, what % do you put on it?

    Alternatively, what % do you put on BSV becoming the largest and most popular crypto?

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    • CoinSpeak

      I think it’s BSV or bust, meaning a government coin takes over.

      BTC could try to scale today but they broke too many things with Segwit and the backlash would be tremendous.

      The battle is taking longer than I expected tbh but it’s still grinding towards what I see as BSV winning.

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  2. Satoshi

    Fly needs to lose your log in. Your posts are repetitive and a waste of people’s time and you’ve only cost IBankCoin people’s money. You’re the Dennis Gartman of crypto.

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