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220 sats \ 0 replies \ @nerd2ninja 22 May 2023 \ on: Can Bitcoin reach its full potential without increasing the block size? bitcoin
Okay easy enough question, a little repetitive, but easy enough.
So at some point we're supposed to soft fork eltoo/covenants to get channel factories which happens to also enable ark: https://www.arkpill.me/, https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2023-May/021694.html
For right now right now, if you're looking for a cheaper way to open channels, use payjoin
https://thebitcoinmanual.com/articles/open-multiple-lightning-channels/
"If you wanted to fund several channels, say 10 channels, this would traditionally take 11 transactions but using a combined transaction, you can do this in a single transaction – saving 1060 vB."
Now imagine for a minute we took the smooth brain approach and increased the blocksize, congratulations, people can now put larger pictures and gifs and maybe even movies and the fees are the exact same as they were before, but now you've made it even more difficult for the average person to run a node and running a node is how a user asserts what Bitcoin is. If users didn't run nodes, coinbase's node would decide on behalf of everyone for example.