Ethereum argues for 115,000 TPS

[fuzzy]

Shouldnt we, as the cryptoland dwellers, first reach 1k TPS first as a milestone. I mean what TPS does bitcoin process? seven??

The question is what TPS do we need in the foreseeable future. This 115k transactions thing seems to be no more than a pissing contest to me. What do you think?

Pissing contest. That's the only possible explanation for the announcement.

[lakerta06]

Shouldnt we, as the cryptoland dwellers, first reach 1k TPS first as a milestone. I mean what TPS does bitcoin process? seven??

The question is what TPS do we need in the foreseeable future. This 115k transactions thing seems to be no more than a pissing contest to me. What do you think?

[santaclause102]

Here is the paper https://github.com/vbuterin/scalability_paper/blob/master/scalability.pdf
The abstract at least is fairly understandable.

Someone out there that has understood it enough to explain what the limitations / shortcomings of this approach are and where the benefits are?

And is "stacking" (section 8; acc. to the paper it would bring "infinite" TPS) not opposed to Bytemaster's assumption that blockchains are inherently single threaded?

[donkeypong]

[puppies]

To be fair, our 100k tps is also theoretical.  I think we're quite a bit closer to implementation than etherium.  Either way we have no where near the demand for 100k tps . 

[Ander]

I can also "argue for" large amounts of TPS.

[clayop]

115,000 is theoretical

Right. They did not mention system requirements and network bandwidth.

[testz]

Why not 115,376? 
First Ethereum should release something working and useful then we will see. 

[clout]

115,000 is theoretical

[clayop]

https://www.reddit.com/r/ethereum/comments/3e2ta9/how_and_when_will_ethereum_be_scalable/
https://np.reddit.com/r/Bitcoin/comments/3e3otj/ethereum_is_going_to_support_115000_tps_can_we/

I think this competition is good for both...