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    feld (feld@friedcheese.us)'s status on Friday, 27-Sep-2024 04:47:36 JSTfeldfeld
    in reply to
    • Fluffgar - Chaotic-Creative
    • Lime Bar
    • David Chisnall (*Now with 50% more sarcasm!*)
    @david_chisnall @fluffgar @limebar

    > 7 transactions per second

    This has always been misleading. A single block can have thousands of transactions. It's averaging about 4500 transactions per block lately.

    You have to remember Bitcoin is a settlement layer. It's final. Money truly exchanged hands. Not so with VISA; there are still multiple days before the banks settle all the transactions. So it would be better to compare VISA to a layer on top of Bitcoin like Lightning, which theoretically can do millions per second.

    edit: just gonna delete this because i don't want to argue about it with strangers which is what is bound to happen
    In conversationabout 8 months ago from friedcheese.uspermalink
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