Is Bitcoin Just Too Slow?
Get the "Ultimate Guide to Bitcoin" course:
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
Get my best-selling Bitcoin book:
https://www.amazon.com/gp/product/B08RX8Q4ZQ/
Join the Trader University email list:
https://www.trader.university/email-list
In this video, I compare the Bitcoin network's throughput and TPS (transactions per second) to Visa, Fedwire, Solana, and XRP.
The Bitcoin network is a final settlement layer like Fedwire. Comparing it to Visa, where transactions can be reversed 75-120 days later, is an inaccurate comparison.
Bitcoin has done about 3 transactions/second over the past year, while Fedwire has done about 9 transactions/second.
The biggest difference is that Bitcoin cannot be debased or printed or frozen, and the Bitcoin network is permission-less and open to everyone 24/7-- unlike Fedwire.
Bitcoin can continue to scale by increasing the fiat value of each transaction, and by utilizing Layer 2 solutions like the Lightning Network, which can do 1 million transactions/second.
Not investment advice! Consult a financial advisor.
Bitcoin daily transactions chart:
https://www.blockchain.com/charts/n-transactions
My favorite Bitcoin dashboard:
https://bitcoin.clarkmoody.com/dashboard/
Fedwire annual stats:
https://www.frbservices.org/resources/financial-services/wires/volume-value-stats/annual-stats.html
Solana Billionaire VC's Are Laughing At You:
https://www.youtube.com/watch?v=nBHH0k8EOHE&ab_channel=TraderUniversity
Solana Labs getting sued:
https://www.coindesk.com/policy/2022/07/06/solana-labs-multicoin-accused-of-violating-securities-law-by-sol-investor/
Bitcoin 2021 settlement value:
https://bitcoinmagazine.com/markets/bitcoin-most-efficient-value-settlement-network
Lightning Network TPS:
https://bitpay.com/blog/what-is-the-lightning-network/
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
#cryptocurrency
#fed
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
-
7:10
Matthew Kratter's Bitcoin University
9 months agoHow A BlackRock ETF Could Destroy Ethereum
6359 -
1:04:32
Flyover Conservatives
1 day agoMel K | Why are The Global Elites BUYING American Land?... What Does it Have to Do with the Water? | FOC Show
45.1K9 -
2:13:50
Slightly Offensive
9 hours agoRFK Drops Out, Endorses Trump.. Is Kamala DONE? | Guest: Viva Frei
63.7K68 -
1:20:58
Mally_Mouse
5 hours agoLet's Play!! -- Lego Star Wars Skywalker Saga
35.2K4 -
1:32:42
Glenn Greenwald
8 hours agoRFK Jr. Quits, Endorses Trump, Condemns DNC As Anti-Democratic; Neocons Celebrate Kamala's Foreign Policy Speech; US-Backed War in Russia Expands | SYSTEM UPDATE #321
114K263 -
14:12
Winston Marshall
11 hours agoWhat REALLY Happened at The DNC…
77K57 -
1:00:13
The StoneZONE with Roger Stone
9 hours agoThe Trump-RFK Combine can Beat Harris-Walz w/ George Papadopoulos | The StoneZONE with Roger Stone
59.4K33 -
1:17:49
Edge of Wonder
9 hours agoUnsolved Mystery Deaths, Beetlejuice Mandela Effect & Prehistoric Cryptids
57.9K16 -
44:54
Candace Owens
10 hours agoThey LIED To Us About Beyoncé. THIS. MEANS. WAR. | Candace Ep 51
108K185 -
1:46:20
2 MIKES LIVE
8 hours ago2 MIKES LIVE #107 OPEN MIKE FRIDAY!!
40.1K7