Scaling BitcoinFor Bitcoin to fulfill the vision of a global settlements network, with any meaningful market share, the transaction capacity needs to be raised.
For Bitcoin to disrupt international remittances, the transaction capacity needs to be raised.
For Bitcoin to replace the settlement network used by central banks and financial institution, the transaction capacity needs to be raised only marginally, provided fees are sufficiently high to exclude low-value payments on the blockchain.
For Bitcoin to be used as an electronic cash system, the transaction capacity needs to be significantly raised.
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However, with greater adoption of Bitcoin, there is a long-term secular pressure to increase the block size. Even for a conservative application of Bitcoin in global settlements, with low transaction volume per person per year, the transaction capacity needs to be raised well above the upper limits of most block size proposals.
https://medium.com/@OB1Company/scaling-bitcoin-9366988972b6
