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Steve Yegge Says Beads Is Closing About Four Items per Second Worldwide and Logged 500,000 Downloads This Month

October 30, 2026 at 20:45 EDT

Software Dev & Coding

Software developer Steve Yegge says Beads is closing about four items per second worldwide and recorded roughly 500,000 downloads this month, figures he presented as evidence of fast-growing adoption.

Steve Yegge · Beads adoption claims

Fast growth claims, loose math

Yegge says Beads is closing about four items per second and logged roughly 500,000 downloads this month. He framed the pace against Bitcoin and Mastercard. Recalculated, his Mastercard comparison is closer to 0.09% than the 1% he cited.

Items closed per second, as stated (not independently verified)

~500K

Downloads this month, per Yegge

~126M

Closures in a full year at four per second

~0.09%

Our recalculated share of Mastercard's annual volume

Same unit: items per second

One block = one unit per second. Beads is shown against Bitcoin only, since Mastercard's 4,600 would dwarf the chart.

Beads: 4

Bitcoin: 7

Beads' stated pace is a little over half Bitcoin's throughput. Closed issues and on-chain transactions are different activities, so this is a rough yardstick only.

Share of Mastercard's annual volume

Bar height is proportional to the share. Yegge's claim vs. our arithmetic.

Yegge's claim

0.09%

Our recalculation

Four per second for a year is roughly 126 million closures, against about 145 billion Mastercard transactions in the same period.

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