goatmeal on Nostr: it's not anything to do with seeds. when you create a lightning channel, it occupies ...

it's not anything to do with seeds. when you create a lightning channel, it occupies L1 blockspace. paul's napkin math aims to simulate the maximum number of people who can simultaneously maintain a reasonable number of their own channels. less than 1% of the earth's population can interact with bitcoin without going through a custodian, even in the presence of lightning under optimistic laboratory conditions. the real number is much lower. paul is suggesting that lightning is a dead end and drivechains should be used instead. I much prefer rollups, but I hate lightning so much that I would happily accept drivechains instead.