Replying to Avatar Hans Karlsborn

Can somebody give me a plausible explanation to how bitcoin with 7 TPS on base chain could satify 8 billion people’s need for transactions WITHOUT TRUSTED third parties?

7 transactions per second means 220 million transactions maximum per year. With 8 billion people to transact this means that you could do 1 transaction every 36 years.

Lightning? Well that won’t do it. Arc? I have no idea.

So the Bitcoin maximalists are waving away this question and I suspect that this is because they don’t have a clue how to answer it either. ”Big block retards” ”Shit coins” ”Sovereign money” ”Bitcoin is Truth, don’t you UNDERSTAND?!?”

No I don’t understand how bitcoin could become a medium of exchange WITHOUT TRUSTED THIRD PARTIES.

Bitcoin is the best Store Of Value, but it certainly is not a perfect one, and it is a LOUSY Medium of Exchange.

Prove me wrong. (Without the hand wavy gestures and knee jerking, please)
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R 4mo ago

In the 1990s I sat in briefings about how the electronic spectrum was full. We were at the limit of bandwidth and new uses for the internet were a waste of time. Today those who were questioning the limits of dial up internet would look like fools. Things get built as they are needed. There aren’t 8 billion people wanting to transact in bitcoin so your question is unanswerable. Things are being built and scaled on Bitcoin every day. Use what we have (lightning, liquid, cashu, etc) and solutions will grow with demand.

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Hans Karlsborn 4mo ago

Ok. Your answer to my question ”How will bitcoin scale to serve 8 billion people’s need for transaction without Trusted Third Parties?” is:

”Future will take care of this. It is by the way a stupid question. Of course things will happen because I want them to happen”.

Thank you for your insight.