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

21 sats \ 14 replies \ @DesertDave 20 Oct \ on: Can Bitcoin ever be Scalable on its own? (Poll of the Day) bitcoin_beginners

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?

10 sats \ 0 replies \ @DesertDave 20 Oct

I love lightning network. It seems like a great solution to me. I am also excited about ecash solutions. I tend to trust people who are building these things more than understanding them. Bitcoin, with just layer one wouldn't be a world wide currency right now. But it's still a store of value for everyone.

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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.

0 sats \ 0 replies \ @DesertDave 20 Oct

Stacker is definitely the best place to learn about it all.

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