I don't understand bcashers. You can not scale on chain. It's complete madness. The math is so simple. Are they completely math illiterate or do I misunderstand their movement and ideas in some way?
You merely misunderstand the ratio of the time derivative of adoption to the time derivative of technology's capacity for transactions.
Yeaaaaa no I don't.
Average bitcoin transaction 0.00000025gb
Half the people on earth use bitcoin 3.5billion
Each person does about 5 transactions a day
144 blocks in a day
0.00000025*3.5billion*5/144=30gb blocks. 30 gb every 10 minutes people would need to download. Do you have any clue just how far away from that we are? Moore's law or not? That would be 1.5petabytes per year. That's ~16 yeas IF Moore's law holds. Which, by the way, it hasn't been lately. And even then, that's only regular transactions. That's at best only replacing traditional finance. No innovation there. No pay as you go. No IOT markets. No decentralizing the internet. No micro transactions. It's a piss poor vision for the future.