Btc future value

[greyhawk]

The stability of Bitcoin value will get better the more daily transactions that happen,  today there are only tens of thousand transactions a day, next year this may increase to millions or even billions of transactions per day, so each transaction has less affect on the price

Actually, no. No. It won't. The max # of transactions the protocol can handle is 7 per second. So about 600000 per day.

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[crhys]

The stability of Bitcoin value will get better the more daily transactions that happen,  today there are only tens of thousand transactions a day, next year this may increase to millions or even billions of transactions per day, so each transaction has less affect on the price

Actually, no. No. It won't. The max # of transactions the protocol can handle is 7 per second. So about 600000 per day.

That's interesting, so the limit is 10x what it is today, what will happen when we constantly hit the 600,000 limit ?

[greyhawk]

That's interesting, so the limit is 10x what it is today, what will happen when we constantly hit the 600,000 limit ?

There'll be a whole lot of "fucking told you so", also "The foundation and the developers should have solved this before" as well as "The foundation and the developers should keep their hands off of our bitcoins", sometimes both from the same persons, as well as "The solution is obvious, just buy less stuff" and "The solution is obvious, we need a zillion altcoins to do the job bitcoin is not doing".

Also sad faces.