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/biz/ - Business & Finance

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50421732 No.50421732 [Reply] [Original]

> 2015 ETH crowdsale for Eth2
> 2018 Vitalik bitching about high BTC fees, now ETH fees high, too
> ETH2 not solving the issue 7 years in

It's been 7 years Anon. For BTC it's been 14. Aren't you weirded out that a single bank processes 500tps while we sit here with the future of finance doing 7 (BTC) and 15 (ETH)?

>> No.50421746

>>50421732
This is why we buy Avax instead

>> No.50421756
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50421756

>>50421746
good

>> No.50422125

roach token not needed

>> No.50422782
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50422782

>>50421746
you mean the same chain that claims to be a scaling solution but then somehow managed to screw up so bad and bring gas fees to $14? TOPKEK

>> No.50423348

>>50421732
eth can already do way over 500tps via layer2s https://l2fees.info/

>> No.50424517

>>50421732
>a single bank processes 500tps
transactions of money that is 100% fake and based on nothing

>> No.50424724

>>50421732
Blockchains inherently don't scale because they are broadcast networks. The real reason to use them is to create a monetary unit of high integrity that can't be corrupted, unlike fiat.
Payments are not revolutionary concept, they get easily built with second layers or custodial solutions, there's a whole range of tradeoffs a user can choose from for typical daily spending and the market can easily solve that problem.
The market can't solve the problem of creating a new monetary unit to build off of, and luckily Bitcoin does that for us