james on Nostr: Exactly. I'm not a big blocker, but nor am I exactly a small blocker either. In the ...
Exactly.
I'm not a big blocker, but nor am I exactly a small blocker either. In the far future (multiple decades, centuries), maybe we'll see giant blocks to maintain the L2s and L3s, but it's a far cry from what BCH will end up being.
Using bitcoin L1 has to be be more common than running an L1 full node.
I'm not a big blocker, but nor am I exactly a small blocker either. In the far future (multiple decades, centuries), maybe we'll see giant blocks to maintain the L2s and L3s, but it's a far cry from what BCH will end up being.
Using bitcoin L1 has to be be more common than running an L1 full node.
quoting nevent1q…3aydAgain, this is for the future, many years from now.
I think there ought to be more users of bitcoin that node operators. I think a single transaction ought to be cheaper than running a node. The upwards fee pressure of 8 billion people putting transactions on a 7tx/s network would make each cost possibly a years salary of an average person.
A metric we could use for fees is their proportion to the cost of owning and running a node for a year.
Trading "your everyday node operator" for "your everyday bitcoin user" is a profitable trade.
That's not to say that every transaction ought to be on-chain, but that users need to actually be able to set up their a LN channels in a decent timeframe.
nevent1q…jtjt