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RE: I have joined Steemit
How can Bitcoin be the gateway in and out of crypto if only 15 million people can make 1 Bitcoin transaction per month?
How can Bitcoin be the gateway in and out of crypto if only 15 million people can make 1 Bitcoin transaction per month?
what do you meen ? .. if only 15 million people can make 1 transaction per month?
That's the transaction capacity of Bitcoin. 15 million transactions per month. With Segwit (which isn't happening) it increases to an enormous 30 million per month. So then 15 million can make a transaction once every 15 days...
it will scale to process faster ... i ment if you want to buy an alt coin you will have to buy bitcoin then go to an exchange to trade for a different coin/asset .. there are few other coins that you can buy with a fiat currency but 90% is enter by fiat to bitcoin then alt then alt to bitcoin to fiat to exit ... am i wrong?
That's what I used to think. Unfortunately no, it is not going to scale. The debate has gone nowhere in two years. We are as far away from a scaling solution as ever.
it will scale .. theres so much happening with it now ... japan/russia millions of merchants accepting it .. i think scaling issue is just mining companies excuse for high transaction fees and its purposely slowed down in some way .. bitcoin is now centralised ..
I'm sorry to say it but it sounds like you're rationalizing away the problems.