Bitcoin needs to hit $213,000 to replace money supply - UBS

leon.davibe

Active Member
Joined
Feb 3, 2009
Messages
52
The capacity has been adjusted

Bitcoincash cleared about 700k transactions. On 1aug while flexing the muscle a bit

In preparation for 1sept stress test day

For perspective at its peak dec17

Bitcoin had a peak of just over 500k transactions with high fees

Bitcoincash did the 700k at 1/4 of block capacity

And AVG fee of 0.0037usd

#bitcoincash
 

NarrowBandFtw

Honorary Master
Joined
Feb 1, 2008
Messages
16,479
what a crock of shyte, it's nearly infinitely divisible and its purchasing power can simply adjust to match whatever it replaces
there is absolutely no need for it to hit any specific price point before it can replace another form of money entirely

what does need to happen though is:
its network’s processing capabilities would need to dramatically improve
Efforts to address exactly that are ongoing e.g. lightning network
 
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