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by ashtonkem 1951 days ago
Per-transactions costs matter a lot, you can’t just hand wave that away if you’re hoping to actually persuade anyone.

As far as scaling Bitcoin goes: prove it. It’s been a decade and it still does 4tps.
2 comments
uh-quan 1951 days ago
>As far as scaling Bitcoin goes: prove it. It’s been a decade and it still does 4tps.

Sure. The Lightning Network already exists, is working and in use, and can in principle do essentially unlimited TPS.

Bitcoin doesn't need to scale to millions of TPS to be successful (since payments and microtransactions aren't its only use case), but it so happens that it can do that through second layer technologies.

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Geee 1951 days ago
https://www.binance.com/en/cards
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ashtonkem 1951 days ago
Pointing to a Visa card to solve crypto scaling is probably not the argument I’d go for.
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Geee 1950 days ago
That's exactly how the Bitcoin's payment layer scales. Visa is just one solution, but that's probably the most popular one. The settlement layer doesn't have to scale, because it's possible to scale the payment layer. You get all the benefits of sound money with the usability of fiat money.
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ashtonkem 1950 days ago
It scales by using the system that Bitcoin was supposed to replace?

Again, that’s not an argument for Bitcoin, just so we’re clear. This is an argument for visa instead.

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spurgu 1949 days ago
Eh, that was an example that everyone can grasp. A more inline alternative would be Lightning Network.
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Geee 1949 days ago
No, Visa is a payment network that works with any currency. Bitcoin replaces the US dollar, not Visa.
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