Re: Was Satoshi Nakamoto visionless?

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

TPS: Transactions Per Second.

While bitcoin have blocks each 10 minutes with 2500 transactions aprox, that give us an averange of 4 TPS.

We are far away to compete with banks, bitcoin by it self is not able to handle all the transactions the world have, so, maybe is good time to think about the next steps, and get some big goal like substitute banks with btc. But no one say it would be easy Tongue

Bitcoin was introduced to the people in 2009 and it is now been a decade after its introduction and is considered as the most finest and the most innovative invention as before no other currency is so sustainable and so beneficial that is able to provide such a great profit in very short span of time and SATOSHI NAKAMOTO is considered as the inventor of bitcoin, though nobody has met him yet and even saw him but he used to communicate with its investors through social networking sites and ones in my life I would like to meet him.