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106 sats \ 7 replies \ @03479d0ee6 7 Jan freebie \ on: Rethinking Lightning bitcoin
LN will be transport/interop layer mostly between different protocols, Ark, Strike, CashApp, Liquid, Mercury Layer, Fedi, WoS, etc they will all use LN, end users using their own LN node will be rare. LN is tx output scaling, now everyone is pushing for CTV for scaling, some covenants are usefull, but the big problem will remain, if fees get too high, every solution suffers and most importantly, less people will be able to self custody in base chain, regardless of L2s ppl will need to save in base chain and move in/out of L2s. We must remove stupid dogmas out of the way and deal with the elefant in the room, and remove the rock in the road, we must increase the blocksize to accommodate demand in a curbed way and allow ownership, the sooner we realise this the better.
You were so close until you said increase the block size
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Then tell us what will be the solution if fees price out most people? How will ppl take ownership without permission?