[Yo-Yo]

So with the BitCoin system of competing "miners" trying to be the first to reconcile a long chain of transactions, how many transactions per second can the BitCoin system sustain?

Sure, it may be good for a few people buying stuff online, but for the billions of daily transactions that occur worldwide?

[SeekAndFind]

RE: So with the BitCoin system of competing “miners” trying to be the first to reconcile a long chain of transactions, how many transactions per second can the BitCoin system sustain?

THAT my friend is the potential problem with Bitcoin. As the number of users JUMP exponentially, so will the need for computing power to VALIDATE the transaction.

Who has that kind of computing power eventually?

[Errant]

how many transactions per second can the BitCoin system sustain?

14,765.18 Terra Hashes / second, with more being added by the minute.