toda on Nostr: [What you will see is chocking if you are a small block, Satoshi said Bitcoin can ...
[What you will see is chocking if you are a small block, Satoshi said Bitcoin can scale much larger than 15 million transaction per day, and it was in 2009, but Bitcoin can deal with around 800k tx per day today...]
"The existing Visa credit card network processes about 15 million
Internet purchases per day worldwide. Bitcoin can already scale much
larger than that with existing hardware for a fraction of the cost. It
never really hits a scale ceiling. If you're interested, I can go over
the ways it would cope with extreme size.
By Moore's Law, we can expect hardware speed to be 10 times faster in 5
years and 100 times faster in 10. Even if Bitcoin grows at crazy
adoption rates, I think computer speeds will stay ahead of the number of
transactions."
Date: Sun, 03 May 2009 23:32:26 +0100
From: Satoshi Nakamoto <satoshin@gmx.com>
Subject: Re: Bitcoin
To: mmalmi@cc.hut.fi
#Monero
"The existing Visa credit card network processes about 15 million
Internet purchases per day worldwide. Bitcoin can already scale much
larger than that with existing hardware for a fraction of the cost. It
never really hits a scale ceiling. If you're interested, I can go over
the ways it would cope with extreme size.
By Moore's Law, we can expect hardware speed to be 10 times faster in 5
years and 100 times faster in 10. Even if Bitcoin grows at crazy
adoption rates, I think computer speeds will stay ahead of the number of
transactions."
Date: Sun, 03 May 2009 23:32:26 +0100
From: Satoshi Nakamoto <satoshin@gmx.com>
Subject: Re: Bitcoin
To: mmalmi@cc.hut.fi
#Monero