The way to make L2s that scale far beyond what the base layer can accomplish is to align incentives so that users can exit without the provider’s permission.
You don’t need everyone to exit all L2s at once and the capacity to pay for that cost en masse, to properly align incentives for individual hosts/providers to be trustworthy. You simply have to make being honest more profitable than being dishonest.
The most important factor is unilateral exit, because without it the ability for the user to enforce anything at all regardless of cost just doesn’t even exist.
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hey Guy, how's IT going with the fam & house stuff? been bizi with my own fam needs & haven't had time to keep uP/*
Fake L2's don't scale anything
There's two factors in scaling
1) Transaction throughput: Lightning already scales transactions infinitely
2) Ownership: Distribution is the real bottleneck, there's a minimum amount of Bitcoin needed to not be dust and even at sub-sat fees today there's not enough Bitcoin for everyone to trustlessly transact (unilateral exit)... a few hundred million people at most... likely less as big accumulators like institutions continue to accumulate