Marvellous, one whole order of magnitude! If you manage another factor of 5000 and Bitcoin will reach what Visa and Mastercard (and, separately, another cryptocurrency) managed several years ago.

Does every conversation about bitcoin have to devolve into snark and disrespect? It's not fun. It doesn't do any good for anyone.

Good question. I’m frustrated by the unwillingness of bitcoin (specifically bitcoin, not blickchain or cryptocurrencies in general) fans to recognise the flaws. It’s like… huh, like politics. Or religion, which is kinda also politics.

This is low level trolling. Visa and Mastercard are not decentralized. Centralization is an easy way to scale. They are not apples and oranges.

Also, Bitcoin settles transactions in 30 days, merchants get their funds in 30 days if they are lucky to not have the charge back.

Apples and oranges.

> Centralization is an easy way to scale

That is one reason why I prefer centralised to decentralised. I have yet to see a justification for the cost of decentralisation. This cost is an important thing, not a trivial thing.

Other reasons include but are not limited to the governance mechanism of things like bitcoin not being demonstrably better than the governance systems of any other currency, but that’s a much longer topic of discussion.

Which cryptocurrency supports 60k t/s?

BitShares, apparently. Press release June 10, 2015, claimed 100,000 t/s.

Never heard of it. I suspect their claim is either bogus or their coin is a database.

There are far too many cryptocurrencies to keep track of, bit even if the claim is false, Bitcoin is still absurdly slow compared to existing normal systems.

What existing “normal” systems?

Visa and Mastercard, like I wrote a few layers above.

My bad, I thought we were comparing global decentralized and trustless systems.