>The Bitcoin network can currently process between three and six transactions per second, with transactions logged in the blockchain about every 10 minutes. By comparison, Visa can process somewhere around 65,000 transactions per second.
>The Bitcoin network can currently process between three and six transactions per second, with transactions logged in the blockchain about every 10...
This is why LITECOIN is going to 4k each
Litecoin is x4 as fast as Bitcoin but that is still pretty shitty
true big if
Not this cycle, but I am bullish long term. Ironically though, I do suspect after all these institutions dump a trillion dollars into Bitcoin, Litecoin will be a safer bet because if there is an economic headwind and these institutions need liquidity and dump their bags, Litecoin (in time) will end up being the stable one. Why? Because Litecoin is just something people use to convert cash to internet casino money, people don't really invest in it. That demand will remain all the while I suspect all the while supply dwindles. Institutions see BTC as this big investment that will moon... it's not really seen as a currency because there is no market aside from "store of value", other cryptocurrencies where there is a natural market demand (even if it's just to play poker online) will likely steer toward stability. We kind of see it already in Litecoins price, from the beginning of it's original halving from $4 to $400 to $40 and $400 and this cycle it may end up being $60-300, which is still bullish as there is increasing network adoption.
Who the fuck is even buying Behcoyn for anything other than speculation.
That’s all well and good but any thing which exists *just* for speculation, is going to dramatically decline in value, since why would I speculate in such stupid crap when I can speculate in oil or coffee and get a metric assload more leverage?
you're retarded this is why you are a gay bear I think you're also on the spectrum because you made up a dumb comparison about speculating on coffee
How is that a dumb comparison? Are you too much of a jackass to know how futures speculation works? Future speculation means I can put up 3-5% of the money instead of 100% or whatever margin you need for imaginary money. I can also be sure the contracts I have cover something that matters to more than just speculators.
Bitcoin is essentially a collectors item. Why would you speculate in Charizard pokemon card? Just rarity and it's a collectors item. Bitcoin is the ultimate collector item though because it's literally a ledger that can be converted very easily. As other users stated, if you're wanting to use the same tech to do peer to peer transactions, you'd be better off just using Litecoin or something.
Trading cards are not fungible. If all stamps were identical, no one would collect them either. The whole point of collecting is for things that aren’t fungible not to have a bunch of the same thing
As I stated, Litecoin being four times faster than bitcoin still makes it utterly worthless as serious currency
Yet it's oscillating as the most used cryptocurrency on bitpay with bitcoin. Right now I think it's 34% BTC 33% LTC, but in June LTC eclipsed BTC. Maybe it's not "a serious currency", but it's got the highest growing network adoption and is oscillating between most used and second most used for P2P transactions.
Yes, based on an illusion that it can function an alternative to money backed by states. Delusions can be strongly maintained long term if they have some sort of cultural basis, but if they are maintained by just a bunch of terminally online, deracinated porn addicts, then they will, in the long term, assuredly dwindle—which here means an inevitable if gradual decline in value. In short, it is “fad value”, like pet rocks. The novelty is the only thing imbuing value.
Central banks (yes all of them) don't have balance sheet capacity to make the interest payments on the debt. They have no choice but to print. Even if you're right, it still out performs the dollar or any fiat currency used around the globe. Fiat currencies are all going to zero. Maybe BTC does too... maybe, but we know fiat currencies are. None of you glow nagger shills are going to convince me to hold dollars. If my precious metals had even kept up with inflation, I'd probably allocate more to that, but so far they've all been a piss poor investment.
A lot of things outperform the dollar. Dollars are not fucking for burying in your backyard you fucking moron. They are for either spending or investing. It is no hard to plant your money in a place that will not only prevent inflation from eating it but even give more back down the line
No one “holds dollars”.
Alright bobonagger. Where should I allocate my excess dollars?
Indices if you are too lazy to do serious research
And if you're not lazy, what should you research ?
If you’re not lazy then the biggest returns lie in being able to buy low and sell high short term in every market available including securities, forex and futures (crypto is actually the least profitable market to do this in and is mostly popular because it is accessible), with futures being the most lucrative if you are going to specialize in just one since a futures contract gives you major leverage, and futures moves in meaningful patterns much more frequently than other markets.
>Nobody USES bitcoin, they speculate.
>Bitcoin is a failure as a currency
uh yeah, this is not news. It's been know for a decade at least. that's why they started with the "digital gold" narrative.
The digital gold narrative was pushed at inception. That was literally the point. Nick Szabo essentially had "Bitgold" before Bitcoin was ever a thing and it was essentially the same thing (but never launched).
Satoshi never talked about Bitcoin being "digital gold" or hinted that was "the point", "the point" was a digital, trustless, decentralized "currency" and in that Bitcoin failed since inception.
and yet if I make a wire transfer between countries it takes three days
BTC takes maybe 3 hours
what's the issue here homosexual OP
big deal, if the Bitcoin network had to deal with the amount of transactions banks do then your transfer would probably take 3 months instead of 3 hours.
also, boomercoin maxis are the worst
BSV IS THE REAL BITCOIN
FUCK MODS, FUCK SOROS, FUCK ILLEGAL ALIENS, FUCK SHITCOINERS, FUCK ~~*THEM*~~ AND MOST IMPORTANTLY, FUCK CORE KEKS