
…sa can handle sixty thousand transactions per second, while Bitcoin historically taps out at seven. There are technical modifications going on to improve Bitcoin’s efficiency, but as a starting point, you have something that’s about 0.01% as good at clearing transactions. (And, worth noting, for those seven transactions a second Bitcoin is already estimated to use 35 times as much energy as Visa. If you brought Bitcoin’s transaction volume up to Visa’s it would be using as much electricity as the rest of the world put together.)
al traffic in goods and serv…ant to get a list everyone a child pornography collector has paid money to,” and most will say yes. Nobody wants bitcoin to 100x the total traffic in goods and services our government defines as illegal — as one bitcoin enthusiast pointed out to me, “If you invented cash today, it would be illegal too.”