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10 sats \ 3 replies \ @justin_shocknet OP 14h \ on: Scaling DEBUNKED: No More Than 5-10 Million Can Use Bitcoin, EVER! bitcoin
  • Screwed up an order of magnitude somewhere along the way, should be closer to a billion on the high end which still does not change the tx pressure. There's only a billionish households and small businesses combined on the planet, and with Lightning they still won't be bandwidth limited as even today we can open a billion channels in just a single years worth of blocks.
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17 sats \ 0 replies \ @standardcrypto 28m
source for this iiuc
#907529
alex bosworth tweet "We can onboard a billion/year to LN using just batching..."
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0 sats \ 1 reply \ @028559d218 12h
Wait I'm confused... if they can open a billion channels in a year... Then what's the problem? Open hundreds of millions of channels (there's tons of transaction fees right there) and then just...
use Lightning not touching on chain?
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0 sats \ 0 replies \ @justin_shocknet OP 5h
Lightning inherently touches the chain, just having a channel open ties up sats
Who said it's a problem? Bandwidth is solved, ownership distribution is the limiting factor
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