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221 sats \ 1 reply \ @petertodd 12 Sep \ parent \ on: "We don't need scaling because almost no one wants self-custody" bitcoin
Lightning will work just fine with millions of people using it daily: https://petertodd.org/2024/covenant-dependent-layer-2-review#lightnings-scaling-limits
Getting to that point isn't even hard. We might already be reasonable close to that already.
Lightning can probably support low hundreds of millions of users with current technology.
That's an interesting read, thanks. So based on the assumptions in the piece, I can see how it's technically possible. But it's still not practical.
And I think this is the heart of the discussion: just because it's technically doable doesn't mean people will want to do it that way. If all the UX improvements bitcoin needs to scale ultimately come down to "someone can spend and receive money using a password" but if you lose that password your money is all gone... most people do not want that.
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