High-level idea for gradual scaling of bitcoin with the proper combination of verified contacts, cashu, nostr, and channel factories.
See the post on GitHub
What do you think?
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11 sats \ 2 replies \ @justin_shocknet 13 Feb
If you're going to use trust as the security mechanism, then all this is superfluous fragile and retarded, just use SQL.
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0 sats \ 1 reply \ @hynek OP 13 Feb
Trust is used mainly to build the network.
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0 sats \ 0 replies \ @justin_shocknet 13 Feb
The entire document is based on trust assumptions, because it naively / ignorantly / dishonestly presupposes that Bitcoin's scaling limitations are a function of its throughput.
This is nonsense used by scammers to fundraise trusted fake L2's and for NGO's to astroturf hostile changes to Bitcoin.
Level set:
- You cannot use Bitcoin in a trustless way without transacting on the base chain unilaterally.
- Doing so with any level of sustainability requires you have at least 5, preferably 6, digits worth of sats.
- The number of individuals/organizations who will posess 5+ digit sats are far below any transactional throughput limitations.
Scams like Ark claim to scale Bitcoin transactions to <5 digit dust collectors, but that's only achieved through trust, since the same dust collectors the product would cater too cannot afford to use the Bitcoin chain to arbitrate their claims.
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0 sats \ 1 reply \ @OT 13 Feb
Looks quite complex. If they can do it I'd like to test it out and have a better understanding of how it works.
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0 sats \ 0 replies \ @hynek OP 13 Feb
It's just theoretical concept as of now. And yes it is already quite complex. But it can start simply and than evolve step by step.
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