if you define an l2 as having the ability to unilaterally exit to the chain, then an l2 can never scale
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not necessarily true
if you do the math, it is
It depends on how frequently and after how much utility users feel the need to exit right? if you constantly need to exit to the chain, it’s too costly and not scalable. On the other hand, if you can make a lot of transactions on the L2 before needing to exit, it’s far more scalable
if billions of people used bitcoin on-chain, they would get a transaction every decade-ish. for an l2 to succeed at scaling it would consistently need at least a thousand off chain transactions per on-chain. since there's also going to be busy times, you probably want another 10 or 100x on top of that thousand.
but the real kicker is unilateral exit. imagine a billion people trying to unilateral exit at once. the only way to scale is to never touch utxo's, and since the working definition of an l2 is that you need unilateral exit, an l2 can never scale
Is that why you have no lightning wallet set up? Wanted to zap you
i don't have zaps set up because there's no way to zap without using centralized dns
What about a ecash wallet?
still uses lnurl
Alas! poor unfortunate value shall not be transfer for value.
if i build a decentralized system for billions of people to use bitcoin, i want them to get decentralized zaps