Re: Analysis

You'll never see 1000+ unless the artificial tps limit is lifted.

That is a bold statement. Quoted for posterity. Wink

Let me add another statement:

We'll see 1000+ almost instantly (let's say 3 weeks) once the tps limit is lifted substantially.

Fine, though yours is harder to verify. What if the price is already over 1000 when the limit is lifted? What does 'substantially' mean? Et cetera...

I always thought (and still do) that things like price, adoption and tps rate are only loosely (and sometimes even counter-intuitively) correlated, that is why I call these statements bold. Overly simplistic view.

who cares about your though on correlation ? give us the number, their not that hard to do (and probably already on internet, don't be that lazy when it's about money Wink

)

"Thought" in this context actually means I had argued about it (likely even here on this forum). I'm out of this blocksize/tps debate for a long time now, and I'd rather leave it that way.

After all, you requesting the number is the one lazy here Cheesy

There's a funny chart I once posted when Peter tRoll (or someone else) claimed 92% correlation between Bitcoin price and tx rate.

I wonder how Bitcoin even managed to break 1000 with 200Kb average blocksize! Must've been Willybot Sad

Jokes aside, the long-term correlation is now higher, which can be seen clearly.
https://tradeblock.com/bitcoin/historical/1w-p-blksize_per_tot-01071-tps-01071

But you can notice that Bitcoin has approached its practical tps limit in March 2016, and has been staying at it ever since, managing to process some 15% more tps, yet the price has risen from 400+ to 600+ which is a 50% increase.