You want Bitcoin cash?

in #bitcoin9 years ago

How is this even still a thing? Lets break this down. If Bitcoin cash was to serve as a global currency for everyday transactions what will that look like? There are 3.2 billion people with internet access. Let assume the other 3.8B never get online. Lets say each person makes on average 2 transactions per day. Average transaction size is 250 bytes. So in order to service this load you would need:

3,200,000,000 * (250*2) = 1,600,000,000,000 bytes per day

10 minute blocks = 144 blocks per day

1,600,000,000,000 / 144 = 11,111,111,111.1 bytes per block or 11.1 GB per block

583.999 Terabyte per year

bcash, for those who can't do maths.

The problem is bcash will work as a better system for a few years with being faster and lower transaction fees. It worries me that so many investors buy into a system that has no future. Off-chain scaling is the only hope for blockchains to be a successful currency that will be around until next century.

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