Gilad Ben-Yossef
Aug 8, 2017 · 1 min read

Some additional context:

The SWIFT network carried 114 million FIN messages up till now (8th) during August (source: https://www.swift.com/). Let’s assume 1 FIN (which stands for Financial INformation) message is roughly equivalent to a single Bitcoin transaction (not sure it’s true but probably on the right order of magnitude).

I figure (based on this article: https://medium.com/@jimmysong/understanding-segwit-block-size-fd901b87c9d4) that pre-SegWit Bitcoing can carry *roughly* ~18.75M transactions per month, ~37M post SegWit. If we double the block size you get ~75M to maybe ~150M.

My numbers may be wrong (feel free to correct me) but I think the overall order of magnitude is probably OK. So clearly, we can play on the scale of bank to bank transfers. The VISA style transaction to get coffee or micro-payment in lieu of ads on web page however? that has to happen somewhere else.

So thanks for working on LN. We need it… :-)