Post
Topic
Board Economics
Re: How to grow bitcoin price to $176,190,476.19?
by
1Referee
on 23/01/2019, 13:21:18 UTC
Don't you think the current bitcoin network condition isn't possible to do that? What about maximum TPS? What about miner fees? Before bitcoin could achieve that market cap, it needs major improvement. In other words, bitcoin need organic (continuous) growth so it could evolve as the market grows.

TPS is a useless metric at this point in time. It's what shitcoins use to advertise themselves with, but still, no one gives a shit. You can have 1 million TPS, but if no one is using your network, what's it worth?

Bitcoin has been doing 2-5 TPS for years and years, and it continues to gain value like crazy, so will it in the forthcoming years. What matters here is that people can and will use higher fees to front run your transactions if they feel there is an incentive to do so. We have seen that during and after the bull run with how the fees spiked up rapidly.

If you like high TPS counts, then dive into LN. There is basically no TPS limit over there.