earlier replies
Replying to @stilkov
I understand that being the assumption. I'm entirely unconvinced that it works out economically.
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with POW, the total system cost of a blockchain tx are astronomically higher than putting a record into 2+ DBs
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That's why the cost of a credit card transaction is several orders of magnitude higher than the backend DB part suggest
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I consider that under total system cost. E.g. settling one bitcoin block transaction costs upward of $10 just to cover the used kWh
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That can’t possibly be true. Maybe a block has that cost, but definitely not a transaction.
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Settlement happens in blocks. Whatever gets into that block is determined by how many tx the winner scoops up before trying.
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A block will contain about 1,000 transactions and earn the miner 12 Bitcoins, i.e. more than 12k €
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For any block they win settling in the hash collision lottery, which isn't very often.
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Of course. Yet there are people and companies doing it. They’re not doing it for charity.
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yes, but the margins aren't really that great and the trend isn't promising blockchain.info/charts/avg-c…

Blockchain.com | Charts - Average Confirmation Time

The most trusted source for data on the bitcoin blockchain.

blockchain.com
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Replying to @clemensv
That’s something we can agree on – scaling is definitely an issue. Something will have to change, don’t know what the best way is

Mar 18, 2017 · 10:12 AM UTC

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Replying to @stilkov
alright, now we can talk arch :) The BC premise is that you can achieve globally converged, strongly consistent ledgers...
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... which should light up your b/s caution lamp. The BC tradeoff trick is to play for time.
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more replies
Replying to @stilkov @clemensv
you can have multiple transaction in one block. Depends on your Implementation. see anders.com/blockchain
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all well known.