Sub-Ether: What are you trying to say?
Bitcoin is shit, would be my guess.
At least when it comes to real world transactional use, it's... well, pretty much completely bloody useless.
Exactly, how did you know ?
We need to step back and think about things...
Pretend for a moment you know nothing about crypto. Then try selling this cunning plan to yourself:
Current BTC hashrate = 368 PH/s = 368 * 10^15 H/s ~
4.784 * 10^20 32 bit operations/sec. *
Consuming christ knows how many megawatts of power.
To obtain network consensus on a theoretical maximum of
7 transactions per minute.LOL, right?
Can you think of any other system, at all, in the known universe, which is as ludicrously inefficient as this? (And survives?)
Store of value? Don't make me laugh. As long as all these numpties go on spending fortunes on electricity... the minute they stop the whole thing becomes worthless. It's even dafter than the debt slavery we currently all enjoy.
*source:
Ngzhang says above that there are about 1300 32-bit operations (in one bitcoin hash) which sounds about right. So one 1GH/s would be equal to 1,300,000,000,000 operations per second.