{"type":"rich","version":"1.0","title":"Hans Karlsborn wrote","author_name":"Hans Karlsborn (npub1qr…kc6q7)","author_url":"https://yabu.me/npub1qrtyq4cj47l34fahmudu8xppuenfvdv5a6ggs0le7m8jz4ct2yrqykc6q7","provider_name":"njump","provider_url":"https://yabu.me","html":"Can somebody give me a plausible explanation to how bitcoin with 7 TPS on base chain could satify 8 billion people’s need for transactions WITHOUT TRUSTED third parties? \n\n7 transactions per second means 220 million transactions maximum per year. With 8 billion people to transact this means that you could do 1 transaction every 36 years. \n\nLightning? Well that won’t do it. Arc? I have no idea. \n\nSo the Bitcoin maximalists are waving away this question and I suspect that this is because they don’t have a clue how to answer it either. ”Big block retards” ”Shit coins” ”Sovereign money” ”Bitcoin is Truth, don’t you UNDERSTAND?!?” \n\nNo I don’t understand how bitcoin could become a medium of exchange WITHOUT TRUSTED THIRD PARTIES. \n\nBitcoin is the best Store Of Value, but it certainly is not a perfect one, and it is a LOUSY Medium of Exchange. \n\nProve me wrong. (Without the hand wavy gestures and knee jerking, please)"}