FinnStin on Nostr: I think that if BTC and Lightning take over the world in their current state, ...
I think that if BTC and Lightning take over the world in their current state, Lightning will mostly be an institutional tool.
One reason I think this is what you're pointing out. The other is that if you think ordinals have made transaction fees high, buckle up, cause you ain't seen nothing yet.
The average pleb won't be able to afford an on chain transaction fee when bidding against the entire world's economy in an open auction. Period.
I personally think that banks could just run fedimint software and BTC would scale in a custodial manner to the whole world easily, and though this would obviously not be the world most Bitcoiners hope for, it is very important to remember that it would be way better than the pure fiat world we live in.
Channel factories and other future ways of sharing Lightning channels between many people without compromising your ability to hold your own keys are very important for scaling Lightning to the average pleb in a self-sovereign way.
And maybe we'll find another solution that doesn't use Lightning. Who knows?
One reason I think this is what you're pointing out. The other is that if you think ordinals have made transaction fees high, buckle up, cause you ain't seen nothing yet.
The average pleb won't be able to afford an on chain transaction fee when bidding against the entire world's economy in an open auction. Period.
I personally think that banks could just run fedimint software and BTC would scale in a custodial manner to the whole world easily, and though this would obviously not be the world most Bitcoiners hope for, it is very important to remember that it would be way better than the pure fiat world we live in.
Channel factories and other future ways of sharing Lightning channels between many people without compromising your ability to hold your own keys are very important for scaling Lightning to the average pleb in a self-sovereign way.
And maybe we'll find another solution that doesn't use Lightning. Who knows?