Can Bitcoin ever be Scalable on its own? (Poll of the Day) \ stacker news ~bitcoin

Can Bitcoin ever be Scalable on its own? (Poll of the Day)

446 sats \ 29 comments \ @Coinsreporter 20 Oct bitcoin_beginners

I'm putting this as a poll because I wanna close this question once and for all. I won't deny but I often get confused how even with the Lightning Network Bitcoin is gonna be scalable for the billions ofa men and women? So, I'm putting a few options out of my confusion or from the variety of thoughts I've read or listened about the issue of Bitcoin's scalability.

Here are the options for,

Can Bitcoin ever be scalable on its own?

It's already Scalable68.8%

It'll be scalable in future6.3%

It'll ne er be scalable on its own18.8%

I can't say. 6.3%

16 votes \ 8 days left

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0 replies \ @Coinsreporter OP 20 Oct

Can Bitcoin ever be scalable on its own?

Here "own its own" include LN as well.

172 sats \ 3 replies \ @siggy47 20 Oct

What does on its own mean? Just on chain, or level 2s also?

74 sats \ 2 replies \ @Coinsreporter OP 20 Oct

Without the help of some other tech or some other form of implementation beyond Bitcoin.

20 sats \ 1 reply \ @ek 20 Oct

So with or without L2s like lightning?

0 sats \ 0 replies \ @Coinsreporter OP 20 Oct

I often get confused how even with the Lightning Network Bitcoin is gonna be scalable for the billions of men and women?

This means with Lightning. Lightning isn't beyond Bitcoin. Can LN CREATE MORE COINS THAN 21 MILLION MENTIONED IN THE WHITE PAPER?

21 sats \ 14 replies \ @DesertDave 20 Oct

It's as scalable as it needs to be. Things always have layers.

22 sats \ 13 replies \ @Coinsreporter OP 20 Oct

So, you're saying billions of people can start using Bitcoin as a medium of exchange from today.

0 sats \ 12 replies \ @DesertDave 20 Oct

Not necessarily. I am saying things take time and it will scale as it needs to. I am grateful for all those who are building it. And I have complete trust it will serve all those who are ready to receive it's blessings.

22 sats \ 11 replies \ @Coinsreporter OP 20 Oct

I've asked something that doesn't mean I'm not grateful. I also think that LN is good for now but what about when we reach in the territory of hyperbitcoinization or closer to it? Will LB be capable to handle the load of transactions with so because LN can't increase the cap of 21 million. Can it?

21 sats \ 4 replies \ @ek 20 Oct

Will LN be capable to handle the load of transactions with so because LN can't increase the cap of 21 million. Can it?

Sir, this is Austrian economics

11 sats \ 3 replies \ @Coinsreporter OP 20 Oct

I put my faith in you. I need a simple answer because I'm not technically that sound. Can Bitcoin scale to the needs of billions of people in the world with or without Lightning Network?

0 sats \ 2 replies \ @DesertDave 20 Oct

Even if it is slow and clunky, layer one only, as is, it serves to change the world.

11 sats \ 1 reply \ @Coinsreporter OP 20 Oct

So you don't put your faith in lightning network?

And, you also believe that Bitcoin on chain will be enough to scale for the whole world?

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10 sats \ 0 replies \ @DesertDave 20 Oct

It's great to ask questions. We all have our own questions to ask.

10 sats \ 4 replies \ @DesertDave 20 Oct

I have complete faith. But I don't know anything about it technically. My Bitcoin ah ha moment was about intuition. I've never understood how it works.

11 sats \ 3 replies \ @Coinsreporter OP 20 Oct

The same here. I want to be technically as sound as I see many here but I can barely play with the keyboard only.

10 sats \ 2 replies \ @DesertDave 20 Oct

Yeah. I want to run my own node. I am working on that. I mine but that is pretty straight forward. I know just enough.

11 sats \ 1 reply \ @Coinsreporter OP 20 Oct

Some of things I also know enough of but for a lot of things I get confused and now thanks to SN we have a lot of intelligent stackers who we can trust to clear our confusion.

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62 sats \ 0 replies \ @TheMorningStar 20 Oct

I think Bitcoin can't scale onchain but it can scale with Lightning Network.

100 sats \ 0 replies \ @nym 20 Oct

I think it has already scaled a lot.

0 sats \ 0 replies \ @BitcoinAbhi 21 Oct

For me it's already scaled

0 sats \ 0 replies \ @kdnolan 20 Oct

According to the Deagel report, absolutely!

0 sats \ 0 replies \ @IamSINGLE 20 Oct

I believe lighting network can handle the scalability issue very well for Bitcoin. It's ready. It just require a bit of education though.

0 sats \ 0 replies \ @Jon_Hodl 20 Oct

Bitcoin IS.

It does everything on it's own.

0 sats \ 0 replies \ @Satosora 20 Oct

Does Darth ever particate on your polls? His opinion might be valuable for this?

0 sats \ 0 replies \ @Msd0457890 20 Oct

Yes, I think it can scale on its own since the volatility of Bitcoin is very strong, so right now it is at a price and it could be that tomorrow or in a week its price could rise.

0 sats \ 0 replies \ @Coinsreporter OP 20 Oct

I often get confused how even with the Lightning Network Bitcoin is gonna be scalable for the billions of men and women?

This means with Lightning. Lightning isn't beyond Bitcoin. Can LN CREATE MORE COINS THAN 21 MILLION MENTIONED IN THE WHITE PAPER?