{"id":32727,"date":"2020-12-02T16:45:26","date_gmt":"2020-12-02T14:45:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32727"},"modified":"2025-08-28T10:10:06","modified_gmt":"2025-08-28T07:10:06","slug":"opinion-in-bitcoin-value-transferred-per-second-matters-more-than-transactions-per-second","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opinion-in-bitcoin-value-transferred-per-second-matters-more-than-transactions-per-second\/","title":{"rendered":"Opinion: In Bitcoin, value transferred per second matters more than transactions per second"},"content":{"rendered":"<p>Blockstream&#8217;s chief strategy officer Samson Mow says it is a mistake to focus on Bitcoin&#8217;s low throughput. He regards the volume of value transferred as the more important metric.<!--more--><\/p>\n<blockquote>\n<p>&#8220;Bitcoin has never been about transactions per second (TPS) and coffee. Discussions should focus on the size of value flows per second (VTPS) and a &#8216;new financial paradigm&#8217;,&#8221; he emphasized.<\/p>\n<\/blockquote>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">#Bitcoin moves nearly half a million dollars in value around the globe permissionlessly every second. It was never about transactions per second and coffee. It\u2019s all about value transacted per second and a new financial paradigm. <a href=\\\"https:\/\/twitter.com\/hashtag\/VTPS?src=hash&#038;ref_src=twsrc%5Etfw\\\">#VTPS<\/a> not <a href=\\\"https:\/\/twitter.com\/hashtag\/TPS?src=hash&#038;ref_src=twsrc%5Etfw\\\">#TPS<\/a>. Nothing comes close to <a href=\\\"https:\/\/twitter.com\/btc?ref_src=twsrc%5Etfw\\\">@BTC<\/a>. \ud83d\udc51 <a href=\\\"https:\/\/t.co\/aXfDauPx9b\\\">pic.twitter.com\/aXfDauPx9b<\/a><\/p>\n<p>\u2014 Samson Mow (@Excellion) <a href=\\\"https:\/\/twitter.com\/Excellion\/status\/1333966283876954113?ref_src=twsrc%5Etfw\\\">December 2, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async=\\\"async\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>For Mow, the first cryptocurrency is a universal tool for storing and transferring value.<\/p>\n<p>For his tweet, the renowned Bitcoin maximalist attached an animation showing that the amount of value transferred in the Bitcoin network is $486,000 per second. This figure is more than 16.7 times that of its competitors.<\/p>\n<p>According to <a href=\\\"https:\/\/www.blockchain.com\/charts\/estimated-transaction-volume-usd\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Blockchain.com<\/a>, on December 1 the total on-chain value transferred in the Bitcoin network stood at $4.627 billion. On November 5 this figure was $5.15 billion, just shy of the record $5.27 billion set in December 2017.<\/p>\n<div id=\\\"attachment_118468\\\" style=\\\"width: 730px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-118468\\\" class=\\\"size-full wp-image-118468\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/estimated-transaction-volume-usd.png\\\" alt=\\\"Opinion: in Bitcoin, value transferred matters more than transactions per second\\\" width=\\\"720\\\" height=\\\"405\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/estimated-transaction-volume-usd.png 720w, https:\/\/forklog.com\/wp-content\/uploads\/estimated-transaction-volume-usd-300x169.png 300w\\\" sizes=\\\"auto, (max-width: 720px) 100vw, 720px\\\" \/><\/p>\n<p id=\\\"caption-attachment-118468\\\" class=\\\"wp-caption-text\\\">Source: Blockchain.com.<\/p>\n<\/div>\n<p>Mow&#8217;s stance was reportedly prompted by Ripple&#8217;s marketing video, which he described as &#8220;ridiculous&#8221; for demonstrating XRP&#8217;s high TPS.<\/p>\n<p>Ashish Birla, RippleNet&#8217;s managing director, <a href=\"https:\/\/forklog.com\/en\/news\/ripple-says-the-era-of-bitcoin-maximalism-is-over\">stating<\/a> that Bitcoin cannot be considered a &#8220;viable form of payment&#8221;.<\/p>\n<p>Earlier, 65% of PayPal <a href=\"https:\/\/forklog.com\/en\/news\/65-of-paypal-customers-willing-to-use-bitcoin-as-a-payment-method\">reported<\/a> that they are willing to pay with bitcoin for goods and services at 28 million points of sale.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Blockstream&#8217;s chief strategy officer Samson Mow says it is a mistake to focus on Bitcoin&#8217;s low throughput. He regards the volume of value transferred as the more important metric.<\/p>\n","protected":false},"author":1,"featured_media":32728,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1138,1763],"class_list":["post-32727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-opinions","tag-samson-mow"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=32727"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32727\/revisions"}],"predecessor-version":[{"id":32729,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/32727\/revisions\/32729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/32728"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=32727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=32727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=32727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}