Let's look at the closest
evidence we have to verify this claim: altcoins.
- Bitcoin Cash is the Bitcoin fork I'd use if I was forbidden from using Bitcoin. Total transactions in the last 24 hours:
14,546. Block size limit: 32 MB, block interval: 10 minutes.
- Total Litecoin transactions in the last 24 hours:
181,694. Block size limit: 1 MB, every 2.5 minutes. (in 10 minutes: 4 MB)
- Total Dogecoin transactions in the last 24 hours:
62,270. Block size limit: 1 MB, once a minute. (in 10 minutes: 10 MB)
Total Bitcoin transactions in the last 24 hours:
862,464. If high on-chain capacity is what the world wants, then we should expect them to have migrated, and do more on-chain transactions there. It's clearly not the case, though.
When you cherry-pick data be careful for that dat not to come and bite right back.
The 860k Bitcoin transaction was a fluke! A big one caused by an insane amount of blocks in the last 24 hours, it was 172 on the 25 as you can see we're down to 595k on normal block time!