Quote from: seoincorporation on September 20, 2018, 01:56:45 PM

I'm not sure if satoshi makes bitcoin as an alternative payment system, or with the intention to create the best and most used payment system, but this second option is impossible by the bitcoin nature and i will explain why.

If bitcoin want to become the #1 transactions and payment system it would have to be really more powerfull. If we compare the daily transactions banks vs daily transactions bitcoins, then you will understand why i call satoshi visionless:

Quote

Mastercard maintains 99.999 % availability and can process 3.4 billion transactions per day at 38,000+ transactions per second, with an average response time of 140 milliseconds.

Visa is at 24,000 TPS

https://www.quora.com/How-many-transactions-do-typical-banks-process-everyday

I'm not sure Bitcoin was ever intended to compete with Visa. It wasn't just designed as a payment system, but rather money, which is a far more impressive feat. I think this post by Satoshi really gets to the heart of his vision.

Also, in theory, Bitcoin could compete with Visa. Lightning or some other off-chain mechanism that allows for exponential scale will be required, though. I recall reading that Satoshi actually included payment channels in the original Bitcoin client, but they were removed because they were insecure.

Quote from: davis196 on September 21, 2018, 06:58:50 AM

Having a low TPS volume means more scarcity,which leads to bitcoin having more value as a "store of value" type of financial asset.

It's scarcity of the currency supply (the 21 million coin limit) that does that, not scarcity of transaction volume.