You do realize Bitcoin is working exactly as intended (ie allocating scarce resources efficiently)
Well, no. To quote satoshi:
Quote
The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling. If you're interested, I can go over the ways it would cope with extreme size.
By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.
By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10. Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.
The problem is not raw transactions processing, but keeping everyone synched on the same blocks all the time
Coming a bit from 3D engine, it's ridiculous the amount of time spent to check and validate such ridiculous amount of simple integerer arithmetic in the bottom ..
But it's because in video game there is always a tolerance for inacurate computation and a certain margin of error, with bitcoin there is no margin of error, and everyone has to agree exactly on each value, that's the whole point of it 
It's this that slow everything down, not the transaction processing speed