Bitcoin Blockchain Transactions Per Second

[DooMAD]

Why don't you softfork a blocksize increase, then?  Troll.

you have no clue about hard or soft.. nor fork vs consensus

You have no clue about Opt-in.  Concensus is a group of friends agree to all go to a hot dog stand for lunch.  Opt-in is that they have the choice whether or not to put mustard/ketchup/relish/onion/chilli/etc on their hot dog.  They don't all have to have the same thing to reach consensus.

You think consensus means you get to order people to only have plain hot dogs, because you don't like mustard/ketchup/relish/onion/chilli/etc.  You are just a fascist cunt.  That's all there is to it.  You compare 'choice' to 'rape' because you despise freedom.  

[franky1]

firstly i dont compare choice to rape
it is you that does not believe in consent.
its YOUR desires of lack of consent that causes rape...

dang YOU cant even understand that basic common sense real world usage of consent.. you cant even get that right.. which says alot about you.. you really are missing a few common sense morals in your mindset..

the blockchain is a list(dataset) of everyone agreeing on hotdogs

those that want burgers use monero.
those that want salad are litecoin

heck even you were saying just a couple months ago and also repeatedly for years if i didnt like hotdogs go fork off and start a new menu and see who follows

bitcoin unites people that want a certain protein. called bitcoin(your analogy of hotdogs)

if you tried to put litecoin(salad) on the table people will reject the (salad) litecoin transaction becasue its not bitcoin(hotdog)

do you understand consensus.. i do not think you do
you prefer networks without rules because you want to pretend your some wild west outlaw cowboy.. who likes jerky where you want to pretend your jerky is a hotdog just so you can scam people to give you their hotdog and you hand them your stale and cheap jerky

all you are trying to do is make everyone at the table hate hotdogs or find hotdogs to expensive so you can advertise your silly jerky plate of fat (lightning)

you want it to have a huge line of people waiting for hotdogs because you want less people doing hotdog payments thus causing a queue and then raising the price of hotdogs..


you would rather have some bloaty fat guy pay $20 for a hotdog than 100 lean fit people pay 10cent a hotdog .. even it it makes the same total income for the chef

i and many others want hotdogs without having to pay too much or waiting days in a queue.. and no we dont want your alternative jerky made on a greasy grill in another street cart... even if you hold up a fake hotdog sign.. there are too many bad things happening in your jerk wagon

your jerk wagon concept is to make people pay more for hotdogs and wait days to get it in their hand.. and then not keep it enjoy it for themselves but instead put it into your favoured jerk wagon so that you can then hand out jerky for them to consume for months with a fake advert that jerky is hotdogs and weak and easy to break promise(even jerky devs have lost hotdogs) by pretending they will get their hotdog back next year.. yet you know that once they consume the jerky they cant then cough the jerky back up to get the hotdog.
the only reason people close off the jerk contract is when they ran out of jerky and have none left to jerk around with.. thus nothing left to claim a hotdog back..

[DooMAD]

2018 edition:



Source:  https://bitcointalk.org/index.php?topic=5045099.msg46792695#msg46792695

users dont control consensus because they just download core because they would get REKT if they didnt.

2023 edition:

nodes dont have influence anymore consensus has been softened by core
core dont need mass consent for their changes.. but users cant just stop it individually because they would just be rejecting blocks of their own node making themselves out of sync with the rest of the network

It's been the same lame cry-baby bullshit from this pathetic infant for the last 5 years.

[franky1]

drama queen doomad has no argument so has to resort to meme creations
boring

how about spend 5 years learning bitcoin instead of promoting the crappy schemes you get paid to promote..
.. and not paid very well/not promoting successfully by the looks of it, if after 5 years you are still  having to stoop so low to even be doing sig spam adverts and selling scammy memes just to get by

but hey you like to waste other peoples time and tell them to wait forever for dreams and advertise crap to people instead of learning bitcoin.. so i expect in 2028 you will still be saying the same crap while scratching for pennys

[thecodebear]

The Bitcoin Blockchain can only process around 5 Transactions Per Second (TPS) give or take.
When you compare this to VISA which has a TPS rate of 2000+ it seems very low.
If Bitcoin is going to become mainstream in the future the TPS needs to increase greatly.
Is there a way to increase the scalability whilst also maintaining a high level of decentralisation?

Payment networks always have more secure lower layers and higher less secure more efficient layers.

Banking system doesn't process 2000+ transactions, VISA's higher network layer does.

Just like Bitcoin can't process lots of transactions on-chain, but the Lightning Network can easily eclipse VISA tps many times over.

All payment networks are built in layers with final settlement and security on the lower layer and faster payments on the higher layers.

So if you're gonna compare Bitcoin to VISA, you have to do the comparison between Lightning Network and VISA, and the LN blows VISA away in speed of payment, tps, decentralization, and cost efficiency. LN of course is still a brand new technology and still has lots of work to be done on it, so I'd say security and reliability of payments and ease of use are still where its lacking, but in those other areas it already crushes higher level banking payment networks like VISA.

[Godday]

We already have the lightning network, which should be capable of handling way more transactions than Visa does:

https://twitter.com/Blockstream/status/1502115599874359297

I have read the link you have provided.  I don't really understand how those bitcoins layer 2 working.  But it's an amazing thing that it can process transactions tens of times faster than what the Solana network can do.  I used to think that Solana is the best and fastest network right now.  But this news changed my view.  But when was this applied?  Is it BTC or something other than BTC?

[franky1]

We already have the lightning network, which should be capable of handling way more transactions than Visa does:

https://twitter.com/Blockstream/status/1502115599874359297

I have read the link you have provided.  I don't really understand how those bitcoins layer 2 working.  But it's an amazing thing that it can process transactions tens of times faster than what the Solana network can do.  I used to think that Solana is the best and fastest network right now.  But this news changed my view.  But when was this applied?  Is it BTC or something other than BTC?

its another network.. using another unit  of balance as payments requiring middle men to co-sign .. so nothing like bitcoin in form or function..

the proposal plan WAS where you lock btc up because bitcoin only exists on the bitcoin blockchain and you cant take it off the blockchain or out of the network.. as thats the whole point of blockchain monetary policy and security

and instead you use  the lock as a reference to then play 'pass the parcel' games around the sub network with IOU's of units called msats which are represented very weakly with a peg of supposed 1:1000. however they now have units even smaller because the lightning network has no fixed network wide rules of accountability to hold onto/stick to.. oh and due to lack of network wide cohesion/accountability/rule. when things go bad the lightning fans and devs will blame it on user error..

so just be careful. and dont lock your whole btc wealth up to use lightning. just play with coffee or pizza spend amounts

oh and be warned the weak peg thing.. others can crate msat balance and make promises to pay you with inbound balance.. thats not referenced to any locked btc.. so be very risk aware