a single byte on bitcoin today represents about 15 in transfer activity. This is the total economic throughput divided by the bytes that are being throughput on bitcoin. In many cases it just comes down to laziness or not caring too much about the on-chain impact. This is the average transaction size in bytes. In many cases, this is a better UX for users even though I would encourage people to hold their own bitcoin.
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I would say bitcoin is a really efficient clearinghouse for value, and it doesnt matter what its used for, all that matters is that its being used. Ok, well ill be sure to never buy again. I called em and they said they send coins twice a day. My argument is that we should be trying to reason with these intermediaries and ensure that they are behaving appropriately. Its typically exchanges that batch multiple inputs together into a single transaction. So the exchanges typically do dominate.
People treat Coinbase as a bank. I think many of us would like it to be a functioning payment system, but theres only a few million dollars worth of payments flowing per day for actual merchant services. The question here is: how do we cope with this reality? I think we definitely should be trying to maximize the throughput of bitcoin, which weve had great success with so far, and Im certain that in the next five years or so, well be surpassing Visa and that will be an extremely exciting day. You can also tag a bunch of exchange addresses and see that about 18 of all bitcoins is held within those exchanges hot wallets. By using Twitters services you agree to our.
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