2 Comments

It's interesting albeit quite speculative. But a methodology flaw I see is that Bitcoin TPS is about 5, meaning in a single day there can't be much more than 1M daily active users. You could argue about lightning but it's not really ready for mass because of a number of constraint (liquidity, stablecoins...).

But if trying to use another coin or basket as a proxy, then the problem is defining what to track: Eth, Eth+L2, main L1s, ... and that choice is strongly influenced by the use case (e.g for casino/gaming, just look at BSC stats, or is it sound money against inflation, or money transfers...).

Expand full comment