Quote from: tyz on June 03, 2015, 10:57:57 AM

Quote from: el kaka22 on June 03, 2015, 10:44:52 AM

Hope that in the near future, the network can produce 2 txs per second (172800 txs per day).

This could be just an intermediate stage. If Bitcoin wants to become a real competitor as a payment processor for mainstream it must be process more Txs per seconds. For example, Visa and Mastercard process 7 txs on average. This should be the goal midterm.

I think your rate is wrong according to ECB report Mastercard processes more than 1000 tx/second and VISA process ~2500 tx/second. (Mastercard : 93578 txs/day ; VISA: 212603 txs/day)

So there are too much way for Bitcoin to reach that point. And this also requires more hashing power , more electricity and more cost for mining BTC. And this results increase in price when everything goes smoothly. I think Bitcoin is settling down. I dont care why the price of it is so low.

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