This week I dropped my first formal research paper: Credible Exit and The Law of Conservation of Blockspace.
It shows the limit on users that Bitcoin layers can support in a "trust-minimized" way, and proves layers cannot actually scale Bitcoin.
It's so over?! No, but this requires earnest/honest protocol engineers and builders to recalibrate narratives and R&D around scaling the taboo concepts of trust, and credit.
Synonym adjusted about a year ago and thus has already begun designing and implementing new ways to address the situation.
@npub1zel8...l0dt and I also presented the latest progress on Paykit, a superficial payment layer for optimal coordination and payments UX.
My slides are here, maybe Denys can share his too.
https://blossom.primal.net/bf90dce113a89810a173d6064db1f47ef20911e5b2a7fe5a6c8fbc0ca5e380ef.pdf
Conservation of Blockspace
Static block-weight accounting bound for unilateral L1 enforcement across 1-day, 14-day, and 28-day windows.
