[avaldeso]

>VISA handles $30B/day >Mastercard handles $11B/day >Bitcoin handles $10B/day

Impressed. I didn't know Bitcoin transactions accounted for such huge volume almost as large as MasterCard. I use MC almost every day for almost everything. Is there people like, entirely living with BTC?

[jsjohnst]

Looking at the transaction amounts isn’t very informative, as one is primarily used as a speculative asset, the other two are actual payment methods. A better comparison would be looking at daily trading volume on the stock market.

To help put the difference more in scope, Visa and MasterCard each did over 100 billion payment transactions (nearly 300B combined) in 2019[0], yet Bitcoin still is over 3 orders of magnitude lower at around ~130 million (350k daily average x 365 days). The key distinction is the fact that the average Bitcoin transaction (currently ~$100k) is far higher than the average credit card transaction.

[0] https://www.statista.com/statistics/261327/number-of-per-car...

[mns]

I think it's more like I can create a currency, say that one myCoin is worth $5B, do 2 transactions of 1 myCoin and I can claim that I handle $10B/day.

[avaldeso]

Oh ok. So, this 10B are just people buying and selling BTC? It seems the author is fighting BS with more BS.