/biz/ - Business & Finance

moar

In two weeks we'll be upgrading Bitcoin (BCH) to 32MB blocks.

32MB blocks is 100tps+ onchain.

PayPal averages a little under 200 tps. (source) and supports over 227M users. Just a few years ago they were at ~100tps and ~100M users.

It's been a fun year but the market now is poised for a major correction. It's simply unsustainable when there's a 600 billion market of 95% scams. People here like to compare crypto to the dot com, but back then the companies had real companies with real business models, all regulated and transparent, but as someone who's been in crypto for a few years I can say now the market is mostly scams which have no value in the long term and won't last when they lose the hype. Just look at all the major coins:
BTC - shitcoin operated by banksters with a 2nd layer solution unlikely to ever be used by the average person
XRP - a taster "coin" for a test network for the proprietary settlement solution Ripple
LTC - BTC's spare chain for when BTC fees go to $20
IOTA - no evidence it can work
Zcash - huge founder reward, and no privacy
Hundreds of ICO tokens which are outright scams like Numerai or have nothing but a whitepaper or little reason to hold like District0x and TenX.
Even some legit coins really started as instamine or premine scams like Dash and Bytecoin
ETH - not a scam but made a few dubious architectural decisions, even BCH could have better smart contracts in the future using colored coins, also has security issues (easy to send to wrong address)
XMR - has scalability issues worse than BTC and ETH combined.
I'd rather not go to fiat because long term I still believe there'll be demand for some coins and they will perform far better than the USD.