Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut

Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by runeks on Monday December 18, 2017 @11:23AM (#15952730)

Honestly, no, I haven’t. But, in my opinion, the pros and cons of Bitcoin are similar to the pros and cons of any decentralized system:

Pros: as long as you are able to keep your private key a secret, no one can take your bitcoins from you; doesn’t require trust in party knowing what it’s doing

Cons: no one there to bail you out; poor throughput (currently around 10 transactions per second)

Most other pros/cons I can come up with depend on ones convictions regarding economic theory, so I only included the objectively true ones.

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by soVeryTired on Monday December 18, 2017 @11:32AM (#15952823)

I think it's closer to four transactions per second:

https://blockchain.info/charts/transactions-per-second

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Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut by runeks on Monday December 18, 2017 @11:39AM (#15952884)

I’m talking maximum, not average. Also, it depends on transaction size; there really is no true transactions-per-second figure for Bitcoin. On top of that it depends on wallet software, too — most of which aren’t yet ready to benefit from the recent SegWit protocol upgrade (which increases TPS somewhat).

In other words: 10 TPS is possible, but this assumes 1) taking advantage of SegWit and 2) a simple transfer from one account (input) to two accounts (destination+change output).

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