Yeah, try telling that to people when they try to use BTC and there are so many transactions per second that shit takes ages to get confirmed etc.
That's not how transaction bottlenecks work. They work in precisely the opposite way - transactions take ages to get confirmed when there isn't enough room in the block for them.
Maybe I was a bit premature to say the thread turned the corner.
Except that there's around 1 transaction a second(Actually slightly less) in Bitcoin, which is basically nothing, so what Gavin is doing, is rushing things exponentially. Makes Zero sense and will deter people from running nodes if the blocksize is moved upto 20 MB so early. But hey, that's Bitcoin's centralization coming into full view for ya.
Under 'gavincoin', 20MB is not the mandatory size of all new blocks. It's the maximum blocksize. If, as you say, Bitcoin is chugging along comfortably right now at 1 transaction a second, it's not suddenly going to jump to 20MB blocks overnight. OTOH if it DOES do that, it rather suggests that the 1 tr/sec was a bottleneck choking the system, doesn't it? That 20MB isn't going to be filled up unless the transactors need it to be, in which case it's a damn good job it was there.
No, the actual bitcoin can manage ~7 tx/sec... stop to say thing really no sense. Again, bitcoin should not compete with visa if we are talking about how much tx can manage *sec...because visa or other system will win surely. Bitcoin should compete as trust,rapidity and not chargeability.
