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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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Gunnar Stødle 5mo ago

We gone have to rely on bitcoin banks.

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Hans Karlsborn 5mo ago

Thank you! I have not seen this. It makes sense then my question… Trusted Third Parties are inevitable but people prefer to stay in delusion about scaling bitcoin without them.

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