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April 24th, 2019

fundamental blockchain problems 2

A simpler take on https://mindstalk.dreamwidth.org/511477.html

If everyone used Bitcoin, you could use it twice in your lifetime.

Global life expectancy is 70 years, which is around 2 billion seconds, which allows for 14 billion Bitcoin transactions, given a hard limit of 7 per second. There are 7 billion people, so in that 70 year span, two transactions per person.

Currency of the future, I tell ya...

See the comment count unavailable DW comments at https://mindstalk.dreamwidth.org/520017.html#comments

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Damien Sullivan
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