| submitted by /u/CloudSolutionsLLC
Different countries around the world are facilitating the use of cryptocurrencies for monetary operations.
Estonia, known already for being a technologically leading country, deeply analyzed and proposed, is set to issue a new legal cryptocurrency, named Estocoin, that would be recognized as a legal currency. Kaspar Korjus, Managing Director at e-Residency, posted in a…
This is what "big blocks introduce centralization" mean. When we scale to VISA levels, blockchain would grow 78 TB/Year. Not even mentioning what kind of hardware (besides storage) will be needed to confirm all those transactions. BCH developers couldn't see 2 weeks into the future when they coded in EDA. No suprise they are failing to see couple years in. All miners want is $ $ $ from transactions, not eventual world domination of bitcoin. UASF was a great success, thank you all for making it happen!
Edit: Someone provided better data that shows VISA processed 141 billion tx in 2016. That is 4471 tx/sec! We would need 1.49 GB blocksize to process this, and it would grow blockchain by 214 GB every day, and 78 TB every year!