Post
Topic
Board Economics
Re: How to grow bitcoin price to $176,190,476.19?
by
mu_enrico
on 23/01/2019, 15:04:36 UTC
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?
Wut? Seriously?
Didn't I say "bitcoin need organic (continuous) growth so it could evolve as the market grows" at the moment that materializes into LN, but maybe core team will come up with new innovation.

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.
So you believe that 2-5 TPS (1MB block*) would be sufficient to accommodate waves of new users?
*Before segwit.

Let's say 1 BTC = $1,000,000 then how much is the miner fee? hundreds of dollars?

If you like high TPS counts, then dive into LN. There is basically no TPS limit over there.
Sure, I have a high hope that LN would work. If not then, there must be some new innovation to increase TPS.