Post
Topic
Board Bitcoin Discussion
Re: [self-moderated] Is LN Bitcoin? franky1: About scaling, on-chain and off-chain
by
franky1
on 20/01/2022, 15:43:50 UTC
actually the logical limit is 4200tx a block. about 7tx/s (which was stated even back in 2010)
we have never had a single hour, day or month where its had an average of 7tx/s

the most we actually get on average is under 2500tx a block
https://api.blockchain.info/charts/preview/n-transactions-per-block.png?timespan=3years.

this this limit has been purposefuly prevented from being lifted. for multiple reasons.
the main excuse is the pretence we still work with 1990's tech (dial-up and floppy disks)
where 4mb every 10 minutes has been deemed too slow (facepalm)..

but with that all said. thank you for proving my point that you too want to propagandise the narrative that bitcoin cant scale, just to hide that certain people dont want it to scale.

i know you also want to propagandise that you beleive bitcoin needs to be 100mb a block this year to 'scale' to this years daily use. but thats just exaggeration on the part of the group you also cling to.

on average. a human only buys (in life) 1-3 things a day. so if we take LN's 1Ml stats(rath believes is complete public view of all LN users) thats 33,000 nodes. (some are sybil nodes of same user)
but lets take this 33,000 as a exagerated userbase (i know the user numbers are lower due to multiple nodes per user, but ill go with the number to actually give a number that helps LN feel comfy with high users)

so 33,000 * lets say.. hmm 5 payments a day. lets be generous
thats 165,000 payments.

bitcoin at an average of say 1700tx a block * average 144 blocks a day=244800
bitcoin has the bitcoin Dev consent that 4mb is ~acceptable and although bitcoin is only functioning at 1.5mb means that this transactions per day can be upto 600k a day.

which is more then whats needed.
so please stop thinking bitcoin needs to scale to 1.7mill transactions a block(244m a day) this year just to cope with the presumed LN advertised usage. because even my exaggerated usage is actually is not even 1mill a day, definitely not needing to scale to 244m a day