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Is Bitcoin Too Slow?

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First published at 14:22 UTC on April 3rd, 2024.

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In this video, I discuss whether Bitcoin is too slow to be global money. I conclude that it is not too slow. Bitcoin's throughput is approximately the same as FedWi…

Join the private Bitcoin forum:
https://www.bitcoinuniversity.com/bitcoin-forum

In this video, I discuss whether Bitcoin is too slow to be global money. I conclude that it is not too slow. Bitcoin's throughput is approximately the same as FedWire, which currently functions as the global settlement layer for the US dollar.

People who tell you that Bitcoin is too slow almost always have an altcoin that they want to sell you instead.

Want a faster base layer solution than Bitcoin? You'll have to give up on decentralization and neutrality and settle for a more centralized solution, which brings with it the possibility of censorship and capture.

The Bitcoin blockchain is becoming the new global money settlement layer, equivalent to FedWire today-- or moving physical gold around using boats and trains and planes under the gold standard.

Money always scales in layers, just as Bitcoin is scaling from on-chain to higher layers like the Lightning Network and fedimints.

Not investment advice! Consult a financial advisor.

BSV market cap:
https://coinmarketcap.com/currencies/bitcoin-sv/

BTC market cap:
https://coinmarketcap.com/currencies/bitcoin/

BSV tps chart:
https://whatsonchain.com/block-stat/tx_rate_per_second?days=90

BTC tps chart:
https://bitcoinvisuals.com/chain-tx-second

BSV blockchain size:
https://whatsonchain.com/block-stat/total_block_size

BTC blockchain size:
https://bitcoin.clarkmoody.com/dashboard/

FedWire annual stats:
https://www.frbservices.org/resources/financial-services/wires/volume-value-stats/annual-stats.html

US dollar is a melting ice cube:
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-US-Dollar.jpg

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#crypto

Disclaimer
Neither Bitcoin University, nor any of its directors, offi..

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