reply on: The odds that a great scaling solution that is possible now remains undiscovered \ stacker news ~bitcoin

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21 sats \ 2 replies \ @jgbtc 27 May \ parent \ on: The odds that a great scaling solution that is possible now remains undiscovered bitcoin

I'd like to see the demand for scaling come from users via increased adoption rather than from impatient devs looking to make their mark by solving hypothetical scaling problems.

10 sats \ 1 reply \ @nyan OP 27 May

I think calling Bitcoin scaling problems hypothetical is living in denial of reality. If you already have a big stack you might not care but bear in mind that without eventual scaling your stack’s terminal value will be significantly less.

10 sats \ 0 replies \ @freetx 27 May

I think calling Bitcoin scaling problems hypothetical is living in denial of reality.

Well....right now 10 sat/vb transactions are clearing. What "scaling" issues actually exist at this moment? Is LN not usable for small transactions?

You may be saying "yes, its fine at the moment, but how can we onboard the world onchain". And yes that would be correct but it technically is a hypothetical problem.

I'm not sure (a) the world will arrive en masse and/or (b) that they will demand to be on-chain.

I think the likely state of on-boarding the next 3B users will be: Fiat -> CEX (SQL Database) -> LN. In which case I think we already have that covered?