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16888659 No.16888659 [Reply] [Original]

>“The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling.” – Satoshi Nakamoto (April 2009)

>> No.16888688
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16888688

"A higher limit can be phased in once we have actual use closer to the limit and make sure it's working OK.

Eventually when we have client-only implementations, the block chain size won't matter much. Until then, while all users still have to download the entire block chain to start, it's nice if we can keep it down to a reasonable size.

With very high transaction volume, network nodes would consolidate and there would be more pooled mining and GPU farms, and users would run client-only. With dev work on optimising and parallelising, it can keep scaling up.

Whatever the current capacity of the software is, it automatically grows at the rate of Moore's Law, about 60% per year." SN 2010

>> No.16888697

Satoshi is such a fraud

>> No.16888709
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16888709

>>16888659
what a fraud, we have decisively proven BTC can't scale. you simply MUST use our patented side chains, its scientific fact

>> No.16888720

>>16888659
So why is bsv congested?

>> No.16888741

>>16888659
Satoshi is just a scammer. Short BTC if you are not retarded