What do you think about that above?

As far I understand one transaction has around 200-250 Bits and it has to send two times (One from sender and one from recipient). That means, we could process with a 20MB block around 60-90 tx per second.

Is that right?

currently we have 100.000 transactions per day so round about 1 per second...

Hi all,

is it right, if we increase the block size to 20MB, there will be 20 times more transactions possible? Currently we can process round about 3-4 transaction per second. That means we would be prepared for 60-80 transactions per second?

Thanks for an answer!

I dont understand, why Ethereum, Maidsafe etc. are building there own Blockchain. If I understand it correct: A Blockchain is only secure as there are miners which are securing the Network. Bitcoin has currently roundabout 330 petahash power. As a consumer I would prefer to store my data on the Bitcoin Blockchain as on Ethereum or Maidsafe or do I get it wrong?

Thanks for an answer

Hi,

do you know a mining farm in Germany? I would like to visit one and have quick chat with the miners.

Thanks in advance

Thanks for recommendation but 1. step "enter email address" 2. Step "insert verification code" ...not feasible in a short UBER pitch.

Any other ideas?

I didnt like that he showed me the seed phrase. I know that this kind of security is definitely recommended but it is really just for demonstration purposes. Lets say I try to pitch a UBER driver about bitcoin and tell him Im going to tip you with Bitcoin. The set-up has to be fast and easy. An app like rush wallet would be nice

Thanks for suggesting Bither but it is from my view not looking user-friendly and you need to many steps

Im using Greenaddress but you cant set it up in lets say 30 seconds. You have to write down the 15 words etc. People are already annoyed just doing that...

I would like to have a wallet which is really fast to set up and looks good. Ive downloaded hot wallet by paymium SAS and just needed couple of steps. Any other suggestions?

What does pay to pubkey hash and pay to script hash means?  Sorry, Im not technically experienced...

Hi all,

do you know a wallet which I can tell people to download (Android and IOS) which is fast to set up? Im very often talking to people about bitcoins and then I would like to send them 50 cents or 1 Dollar. I need a wallet which you can set-up very fast, easy and is also very user friendly...do you know any?

Thanks in advance

Hi all,

so far I know a bitcoin address which starts with 1 has only one private key and a bitcoin address which starts with 3 has multisignature so 3 private keys. Is this kind of sense transferable to if I see a address starting with 5 or 8 it has this amount of private keys?

Thanks very much for an answer

Do you know how tiny the amount has to be or does it depend on the data which is going to be stored?

Hi all,

I have a question regarding the Bitcoin 2.0 idea like smart contracts, digital rights etc.

How is this going to work? If I understood it right, it is possible over the code "OP-Return" to implement additional data. My question now: If someone is going to exchange or store smart contracts does he has to own Bitcoins or to pay with Bitcoins?

I hope you understand my question otherwise just ask and I try to be more precise.

Thank you very much for an answer

Thanks very much for the fast reply.

If I understand it correct, there is only a difference regarding the operation but the speed is the same (1 per second).

Hi all, I would like to know if 1 gigahash is the same as 1 gigahertz? Thanks in advance for an answer