Yes, and that's still what it is when I send LN or Ark or Fedimint or Liquid transactions.
You cannot scale a braodcast network to everyone in the world. Suggesting otherwise just makes you not a serious person.
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Yes, and that's still what it is when I send LN or Ark or Fedimint or Liquid transactions.
You cannot scale a braodcast network to everyone in the world. Suggesting otherwise just makes you not a serious person.
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Neither of those is Bitcoin. The only one that comes close is noncustodial LN and we know it has plenty of downsides.
Scaling always happened vertically (as Bitcoiners intended) and horizontally as Bitcoiners still dismiss despite it being what is taking place in the real world.
But don't understand me wrong. It's great to have BTC limited as it is. But it doesn't mean other projects should follow Bitcoin's design decisions. The coin to rule them on is nice fan fiction.
We will eventually have a trustless way to share UTXOs and Liquid or Fedimints or Arks (or whatever comes next to improve upon them) will be the way most people interact. Lightning is also likely to be more for settlement between institutions. More horizontal scaling may come in the form of cross input signature aggregation or something like that.
Increasing the blocksize doesn't solve the problem. It's only a linear improvement in capacity & it is a compounding increase in the cost of node operation. You cannot sacrifice network infrastructure to gain functionality.