Why do people say bitcoin can do 7 transactions per second?

>>1802680
they're taking the total number of transactions per block and dividing it by the block time.

>>1802680
the truth is a transaction takes half to 12 hours on average, but they bundle up a lot of them.

so how can u do trasnaction on local?

>>1803433
you write a check hand it over to the other guy but he won't know it's a good check or it will bounce until it gets onto the blockchain.

>>1803925
alot of people do bank wires or even cash , so how does the person receiving the bitcoins know hes not being scammed?

How long is the confirmation time now? 30 minutes? Fuck that noise

>>1804365
reputation, it's the incentive

>>1806190
what about bitcoins atms , where u sell the coins how would that work?

>>1802680
fuck off roger, go back to bitcoin unlimited you cuck