[Cryptography] Fwd: What is total world transaction volume?

Richard Outerbridge outer at interlog.com
Tue Feb 7 22:24:50 EST 2017


> From: Peter Gutmann <pgut001 at cs.auckland.ac.nz <mailto:pgut001 at cs.auckland.ac.nz>>
> Subject: Re: [Cryptography] What is total world transaction volume?
> Date: February 7, 2017 (38) at 21:01:30 EST
> To: "cryptography at metzdowd.com <mailto:cryptography at metzdowd.com>" <cryptography at metzdowd.com <mailto:cryptography at metzdowd.com>>, "jamesd at echeque.com <mailto:jamesd at echeque.com>" <jamesd at echeque.com <mailto:jamesd at echeque.com>>
> 
> James A. Donald <jamesd at echeque.com <mailto:jamesd at echeque.com>> writes:
> 
>> Bitcoin cannot replace government money because there is a soft limit on the
>> number of transactions, and we are already hitting that limit.
>> 
>> Also because final settlement is a bit slow.
> 
> "A bit slow" is an understatement.  About a decade ago the Visa/MC payment
> gateways were doing 5K transactions a second, which included ignoring some of
> the crypto verification that was being used because it couldn't be processed
> in time.

How many Wholesale transactions (eg SWIFT) or even end-of-day InterBank Settlement transactions per day?
__outer

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