Are Layer-2 solutions like the Lightning Network sufficient to handle future transaction demands?Are Layer-2 solutions like the Lightning Network sufficient to handle future transaction demands?
This question explores the scalability challenges Bitcoin might face as adoption grows and asks whether Layer-2 solutions, such as the Lightning Network, will be enough to manage increased transaction volumes.
Only @Solomonsatoshi can answer this complex question.
why you call him out? does not seem to respond anyway.
he's the expert. Just look at his history posts, he have a lot of knowledge in this matter.
It seems his comments primarily reference you, suggesting a bit of back-and-forth finger-pointing.
Setting that aside, my main question concerns Bitcoin’s scalability. @Solomonsatoshi, what’s your perspective on how Bitcoin can effectively scale to meet future transaction demands?
From my perspective we can all help LN scale by using it.
Here on SNs we can attach LN wallets and thereby maximise our use of LN to pay for posts, comments and zaps.
There is a lot of hypocrisy on this by some 'Bitcoiners' who refuse to attach wallets here or only attach receiving wallets so they can acquire sats from the site while mostly not using LN or sats but instead mostly using inhouse CC tokens.
@Darthcoin is the most extreme example of this hypocrisy, often posting highly technical info about LN and BTC but refusing to attach any LN wallets and thereby all his transactions here are done without using LN or sats.
I have even mused maybe he is a mole sent here by the NSA to posture as a Bitcoiner while in reality acquiring inside knowledge of the community and the LN/BTC network technical aspects because his words certainly do not align with his actions.
He is actively opposing the use of and development of the LN by boycotting the use of LN here- and he has many devoted followers who appear to look up to him and buy his serial trolling bullshit and hypocrisy.
He have only 6000 posts. Did you read them all?
You will find a lot of knowledge about Bitcoin and LN in there...
Really? He’s only shared about 350 posts, and fewer than 20 have pass 1,000 sats in zaps. The rest mostly seem like replies directed at you. This thread is going out of topic, I'll wait for the knowledgeable of @Solomonsatoshi response in regard my question.
QED
We still need another economic depression before L2 solutions will take flight
I’m not sure we need another economic depression for that to happen. Adoption usually follows necessity, but it can also grow through understanding and better tools. As more people see real value in using Bitcoin for everyday transactions, Layer-2 solutions will naturally gain momentum without needing another crisis to push them forward. My question is, are these Lightning Network solution enough in case adoption scale exponentially?
I think that adoption of sats won’t take flight in many countries. Most plebs like to stick to the status quo (fiat)
Countries? Bitcoin is borderless, do not care about countries. Perhaps I’m being overly optimistic seeing adoptions escalating in the near future as I try to use sats wherever I can, regardless of the country I’m in. I believe real progress depends on the communities we build— even if Bitcoin doesn’t scale globally right away, we can make it scale within our own circles.
Look right here on Stacker News.
We have a community here where you can quite easily attach LN wallets and perform most transactions via the LN using sats.
But many here who loudly and frequently talk about LN and BTC and technical aspects of adoption do not attach wallets, or only attach a receiving wallet meaning they can receive sats but cannot send them.
The prime example of this is @Darthcoin who is probably the most prolific and outspoken 'BTC Maxi living on The Bitcoin Standard' who frequently posts about LN and BTC but here on Stacker News refuses to attach LN wallets and only uses CC inhouse tokens, never using LN or BTC.
I call these big talk no walk 'BTC Maxis' hypocrits.
Stacker News is a community where we could help increase the volume scale and liquidity of the LN but many can't be bothered.
Recently the SNs devs have sided with the group not attaching and showing attached LN wallets by now concealing stackers wallet status by default.
It is imo opinion tragic that this opportunity to help strengthen and grow LN capacity is being undermined by loud bullying hypocrits like @DarthCoin but his style of bullying posturing trolling hypocrisy seems to be popular and to have won over the majority.