<oembed><type>rich</type><version>1.0</version><title>Hans Karlsborn wrote</title><author_name>Hans Karlsborn (npub1qr…kc6q7)</author_name><author_url>https://yabu.me/npub1qrtyq4cj47l34fahmudu8xppuenfvdv5a6ggs0le7m8jz4ct2yrqykc6q7</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><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? &#xA;&#xA;7 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. &#xA;&#xA;Lightning? Well that won’t do it. Arc? I have no idea. &#xA;&#xA;So 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?!?” &#xA;&#xA;No I don’t understand how bitcoin could become a medium of exchange WITHOUT TRUSTED THIRD PARTIES. &#xA;&#xA;Bitcoin is the best Store Of Value, but it certainly is not a perfect one, and it is a LOUSY Medium of Exchange. &#xA;&#xA;Prove me wrong. (Without the hand wavy gestures and knee jerking, please)</html></oembed>