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What's the need for a high transaction rate? "10,000 TPS". Right. Nobody uses cryptocurrencies for small transactions any more. It's just a speculative investment.

Bitcoin being stuck at 7 TPS is embarrassing, but if they could get up to a few hundred TPS, that would probably be adequate.

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The end game goal of Eth is to become the main way to process transactions globally, overtaking Visa et al.

Not only are cryptos still used for transactions (the dark web marketplaces are still used after all) but they have ambitious goals for widespread adoption through dapps and larger financial integrations.

Ethereum is also a DAPP platform.

In theory you could build a decentralized Twitter/Facebook using Ethereum but without 10k+ TPS there is no practical way to get enough users using it.

Honest questions why would you need a blockchain for this? I can understand for money transactions/contractual signing but for Facebook? Does anyone really care that there is a ledger for Facebook?

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