FinnStin on Nostr: This thread needs more air in the public arena. There is no chance of scaling ...
This thread needs more air in the public arena.
There is no chance of scaling self-sovereign BTC usage to a billion people with current tech.
I don't think even channel factories could do it.
On-chain fees are going to be stupidly high when a double digit percentage of the world's economy is bidding for block space. Only institutions will be able to afford to take the risk of opening Lightning channels that could be shut down by someone else.
The banks could probably run Lightning nodes and use e-cash protocols to scale extremely private but custodial BTC to the whole world, but would they play that nice?
Even if they do, this might be better than the current system, but this is not the vision.
There is no chance of scaling self-sovereign BTC usage to a billion people with current tech.
I don't think even channel factories could do it.
On-chain fees are going to be stupidly high when a double digit percentage of the world's economy is bidding for block space. Only institutions will be able to afford to take the risk of opening Lightning channels that could be shut down by someone else.
The banks could probably run Lightning nodes and use e-cash protocols to scale extremely private but custodial BTC to the whole world, but would they play that nice?
Even if they do, this might be better than the current system, but this is not the vision.