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Author Topic: Bitcoin's failure to scale will show the failure of decentralized systems!  (Read 1539 times)
Netnox
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February 10, 2015, 08:26:22 PM
 #21

Because if bitcoin goes mainstream it can put lot of other payment processors out of business, like wu, visa, mastercard and even banks. Thos who follow wont really get hurt but other might not want bitcoin to succeed and they have some power to slow down bitcoins growth. You cant compare some photo sharing technology with bitcoin.
pedrog
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February 10, 2015, 09:11:44 PM
 #22

Currently, the network can handle up to 604,800 transactions per day (7 tps), the all time record of transactions per day on the network was 115,787, way below network limit.


https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

https://en.bitcoin.it/wiki/Scalability#Current_bottlenecks

nachoig
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February 10, 2015, 10:45:20 PM
 #23

Bitcoin is still qualified as experimental. Going to mainstream right now would be dangerous.
https://bitcointalk.org/index.php?topic=921669.0

You can't expect to people to use bitcoin without understading how it works. A lot of people already do this, and see what happens. A common mistake is leaving the bitcoins on exchanges or in other services where you don't own the private keys. Another situation which clealy shows Bitcoin still can't go to mainstream you can found in this thread: https://bitcointalk.org/index.php?topic=931351.0 (the issue here is not about the MultiBit bug, but about OP doesn't understanding about software licenses).
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