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by JohnRatcliff
Tue Sep 29, 2015 11:42 pm
Forum: Bitcoin Discussion
Topic: Scaling Bitcoin to Billions of Transactions Per Day
Replies: 5
Views: 2767

Re: Scaling Bitcoin to Billions of Transactions Per Day

That's awesome! A billion transactions a day for the two million people able to peg value on the blockchain per month. No matter how many transactions you shove off to the side, if you have to 'settle' on the main blockchain, and intend to 'settle' at least a couple of times per month, the current ...
by JohnRatcliff
Tue Sep 29, 2015 11:21 pm
Forum: Bitcoin Discussion
Topic: The 21 Bitcoin Computer
Replies: 40
Views: 12756

Re: The 21 Bitcoin Computer

None of these articles are addressing the most important question; that bitcoin does not scale sufficiently to support this product. The current fees for a bitcoin transaction (which are only going to get worse) preclude using the network for true micro-transactions. Secondly, the current ...

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