So, if all the banks in the USA, due to some regulatory act, decided to include Bitcoin in their financial platform and everybody started using it at once, would bitcoin be robust enough to handle that traffic?
Do you seriously think that this is going to occur?
Even if you increase the block size to 200MB it wouldn't be enough to handle all the txs in the USA (little own the rest of the world).
(so your scenario is not only somewhat ridiculous but practically not able to be handled by Bitcoin at all)
(and although I'm guessing you have no idea about it - the time taken to verify all the ECDSA signatures in said super-sized blocks would actually be more than 10 minutes)
That was just an hyperbole to demonstrate my position and I realize it's exaggerated. I was just trying to point out how scaling can be dependent on regulatory acts. What if New York state started some sort of regulatory licensing requirements that allowed certain exchanges to be more bitcoin friendly? Or, California, Florida, Texas? See, it begs the question of how much and at what rate should the block size be increased? It's a two way street: Is Bitcoin robust enough to be considered a viable option for big financial institutions? And, is Bitcoin ready to allow the regulatory acts necessary to be included in that system?
We know that there are companies who are willing to concede some sort of regulation for a share in the US market....Who are they and what are they proposing in backroom negotiations?
