Bitcoin Economics and Evolution | The Saylor Series | Episode 16 (WiM062)
The "What is Money?" Show
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The Bicoin Mining Network Scales
The primary purpose of the bioin mining network is to provide security and enforce, in a protocol, integrity and durability of the system. But so how do we actually scale out to provide hundreds of billions of transactions a day to billions of people on the planet at the speed of light? And that's, i think, where a lot of people fall down. They don't, you know, they just want to look at the base chain and say, well, it moves seven transactions a second; but they lack the imagination to understand the consequences of the layering. So bicoin is good for talporting large chunks of value, but for all the routine work, you want something smaller
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