Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BitUsher
on 08/03/2016, 02:11:50 UTC
SegWit will allow 4-5 tps. That will help some banks participate, but not many. If banks can't even use Bitcoin, who will?

Be your own bank. we get an extra 4-5tps written to the blockchain but the Witness data that get trimmed puts a 4X increase on the bandwidth needed by the network.

Even though it makes my cause look favorable , I have to correct you . Segwit gets us 1.7-2MB realistically, not 4x.

6.8 - 14 TPS

Other than the fact that no one is suggesting to have every transaction on-chain, would that be as stupid as your solar/micro hydro solo mining farm?
Or ...not quite?

Actually quite a few Classic supporters are suggesting everything onchain, and there are no plans for payment channels in Classics roadmap-
https://github.com/bitcoinclassic/documentation/blob/master/roadmap/roadmap2016.md