Still with 7 transactions per second being the hard cap limit, I will always have a big bear in me telling me this will never grow out to compete with credit card companies. And also this issue can't be fixed.
better than having to wait three days for a stock trade to clear ...hmmm
The utopian feature of bitcoin, on which the whole "unlimited growth" picture is based (deflationary currency), simply can't be realized. With 7 transactions per second, Bitcoin can NEVER be used as a full-grown global currency for day-to-day transactions. Once the general public fully understands the implications of a 7 tps limit, this will ignite the first cracks in the giant bubble we've been in since 2011.
Doesn't mean I can't make profits on this tremendous volatility though. Daytraders heaven, we are in now.
https://en.bitcoin.it/wiki/Scalability
the limit 7tps is set to spare resources on client nodes (CPU/Bandwidth/Memory) since the average amount of tx today is somewhere around 1. The methods exist (see link above) to address all scalability issues in case it is needed. Theoretically Bitcoin can process even more tx per second than VISA with all optimizations implemented.