|
|
|
|
|
|
by bduerst
4131 days ago
|
|
|
That's not true. Current block size limits bitcoin to ~3 transactions per second. It would take bitcoin 22 days to handle just 1 day of Visa's global transactions. This is a serious problem because in order to increase the block size, it requires a consensus amongst all miners, merchants, etc. Bitcoin effectively suffers from Tragedy of the Commons, because it can't scale unless every rational actor stops trying to get their own profit out of it. |
|
|