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    Author Topic: How many TPS would be needed for Planet Earth?  (Read 659 times)
    norotartagen (OP)
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    January 04, 2017, 07:32:30 PM
     #1

    There are 7 billion people on the planet.  Assuming each person gets their own bitcoin wallet, getting everybody onto the system will take 7 billion transactions 10 transactions per second = 22 years.  Additionally, the human birth rate is about 10 per second, and so bitcoin TPS would have to be at least that great to even keep up.

    Comparing TPS with birth rate allows you to estimate how many transactions you can make in your lifetime.  If bitcoin offers 20 TPS and birth rate is 10 per second, then basically you can form a wallet and then make one transaction in your lifetime.  Thus, I think TPS would have to be far greater than the birth rate in order for bitcoin to work as a global currency.

    So this topic is to ask the question, given proper application of lightning networks etc, how many TPS do you think would be needed to support a planet of 7 billion people?
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