I know, I know, borderline unfair; most of the enthusiasts have retreated from the desire for it to ever be competitive for this use case.
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I had a slide for that from a talk I gave a year ago https://speakerdeck.com/tarcieri/insane-in-the-blockchain?slide=71 …pic.twitter.com/HDmiY16TrW
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Great slide, but wrong
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2017 is calling, they’re asking for their anti-Bitcoin arguments back.
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It’s the Republican talking points retort: “sure, the problems are still there, but you’ve been harping on them forever. Get over it already”
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You could have 86 (only 86) channels on the Lightning Network with 1 BTC capacity and complete $1 billion in transactions in the same amount of time with a very moderate 17 tps per channel. This is before amp, without any optimizations.
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You should also include lightning network and other off-chain transactions to compare with that.
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Hahaha!! So since it can’t act as the future of money all of those scam artists have tried to convince people now that it’s obviously a store of value or digital gold.
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...but it's logical! All you can do with BTC is to store it and 1BTC will always be worth 1BTC!

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That's an average pace... in reality most likely nothing at all would have happened in 68 seconds
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