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224 sats \ 1 reply \ @elvismercury 18 Aug 2023 \ on: The place of Drivechain in Bitcoin’s future bitcoin
Basically the article says that the Bitcoin blockchain won’t scale for the entire world population to use it. It will so much not scale that even “offchain” solutions like Lightning and Ark will not scale and they basically lose usefulness as more adoption happens and fees rise.
A thing I haven't seen much discussed but that seems important: fragmentation of the utxo set when there are 100x more users. Utreexo is one way of approaching this, but I'd be interested to be pointed to discussions on the topic, especially ones that do computational modeling / simulations.
Imagining high on-chain fees + utxo fragmentation into quasi-dust is scary.
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244 sats \ 0 replies \ @netstatic 18 Aug 2023
A thing I haven't seen much discussed but that seems important: fragmentation of the utxo set when there are 100x more users. Utreexo is one way of approaching this, but I'd be interested to be pointed to discussions on the topic
+1
Imagining high on-chain fees + utxo fragmentation into quasi-dust is scary.
For this reason I'd rather the value of Bitcoin go up relative to world currencies than the feerate increase by too wide a margin.
I'm also interested in projects like ZeroSync that make it easier to run a validating node. I feel like this aspect of Bitcoin doesn't get as much attention as it should
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