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doggosphere | 4 years ago

You stay away from the moonshots and stick to proven chains with users, transactions, and development.

discuss

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Permit|4 years ago

How many transactions/day does Bitcoin facilitate? How does it compare to traditional currencies? Has it increased over the last year?

Also, how many transactions/day does the second-most-used cryptocurrency facilitate?

rawtxapp|4 years ago

You can do a quick search to have the answers to all these simple questions, it has about ~200k transactions per day which settles about ~2B$ worth of Bitcoin a day (which is up very significantly since last year and down quite a bit from few months ago).

doggosphere|4 years ago

Are you trying to argue that transaction capacity is the most important metric?

If so, then you don't want Bitcoin. You can use Paypal.

However if you want to own an asset that can't be debased by central banks, where your transactions can't be censored, where you can participate from anywhere geographically, then you might want Bitcoin.

Those features come at a transaction capacity tradeoff.

sureglymop|4 years ago

You say that but what if such a coin (Bitcoin) crashes, as it did earlier this year?

Is it really a good idea to invest in such a volatile asset?

(Genuinely asking as a complete noob)