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0 sats \ 1 reply \ @ealvar39 24 Mar \ parent \ on: "Lightning self custody works for 100 million users" "But it needs 10 billion!!" bitcoin
I'm not so sure that there is no basis for scaling improvements to the bitcoin network. even if existing lightning could scale to meet the needs of everyone that wants to use it, whether these are huge fedimints or some other type of e-cash mint or something, improving lightning could be a huge boost for the businesses and people that are running the lightning payment gateways.
Overall I think it makes sense to have some people looking forward and planning for what bitcoin may look like 5 years from now.
If there were any basis the scaling alarmist would be able to quantify it, but they refuse to. The only metric they can regurgitate is how many individual people there are on earth. This isn't a technical demand, just the aforementioned hipster virtue signaling about sovereignty and equality.
They have no idea what things may look like in 5 years, and the fact that they pretend to while having no basis on which to set their goal posts should be your first clue.
These are not serious people. Many of them are outright bad people using a fake issue to divide and scam.
Lightning, or any other alleged L2 and even "Vaults" does inherently come with a liveness trade-off, which makes it more difficult than the base chain. I could entertain ideas on how to make that UX better, but no one is talking about that, because the underlying constraints are not solvable.
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