Yes, it certainly works today. I’m a daily user and enjoy the experience. My concern is that we stop here when I think if we look forward 100 years it becomes unworkable. If I’m making 1mil sats/year (and it declines yearly due to deflation) opening a channel with the 300,000 sats I’ve saved at an on chain cost of my life savings would be untenable. I don’t think we can sit on LN and call it a day. Maybe L3/L4 technology gets there but I appreciate the public discourse without the public hanging of someone saying “This has issues long term.” SN seems to be a better place for that then Twitter. Your self-sovereignty concern I also share. How does a company pay employees and do accounting and tax work without demanding zpubs? It’s difficult to find a job now if you are unbanked and can’t do direct deposit. Do we have to make bips that make privacy features a requirement or do we do a public push to prevent government from creeping into my transactions? I think one is easier than the other.
if bitcoin goes to 100% adoption then idont think 1M sats will be anyone's salary.
reply
How does a company pay employees and do accounting and tax work without demanding zpubs?
But why have to pay taxes anyways? Taxation is theft in any form or shape.
reply