Desperately slow empty shell Bitcoin with 2.7 TPS performance collapsed below $26,000 Friday afternoon as more and more dumb folks realized that the inventor(s) of Bitcoin never collected billions of dollars worth of revenue, suggesting that the indications of Bitcoin as an NSA social experiment may be true.
Bitcoin is woefully slow and inefficient for practical use. With its performance of 2.7 TPS, it is not able to serve even a small city of 150,000 inhabitants that would make a payment 2 times a day.
However cryptos are a useful invention, the point is that waiting an hour for a transaction to be confirmed is stupid nonsense.
