Due to the recent mempool flooding I've been doing quite some reading and calculating and was interested to hear the opinions of smarter minds on this:
How are we going to scale in the future?
I believe #Lightning is the way forward and I believe using LN for daily activities like the coffee shop and zapping on #Nostr works perfectly. The problem I see is: Even with LN it's not possible for everybody to participate because the on-chain capabilities currently don't allow it unless we fully rely on custodial means and not even then could we meet demand.
My question to smarter minds therefor is:
What scaling options other than blocksize increase exist or are being worked on? Where can I read/learn more? I know that for the demand currently BTC works as it's supposed to and the mempool spamming just proved the system works (e.g. moving bitcoin from the hands of the spammers to miners and back to the hodlers via exchanges) but I was wondering how we're going to deal with it in the future.
Please spare me the "bcash is the real bitcoin" or "CSW was right" because I think neither of them are viable options rn because we just centralise in other parts of the ecosystem (and CSW is a massive fraud).
IMO if we don't scale to the point where we can all transact on LN but still cold store and hold our own keys something went wrong...
So... what are our options?
#bitcoin #plebchain #scaling
yodatravels / YODA travels
npub1vl…cs9rd
2023-05-18 21:59:41
Author Public Key
npub1vl4hymmmhr33vsvv63k059cdtqp5teg6m0qcd78h4gx58qzhjdgq7cs9rdPublished at
2023-05-18 21:59:41Event JSON
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"content": "Due to the recent mempool flooding I've been doing quite some reading and calculating and was interested to hear the opinions of smarter minds on this:\n\nHow are we going to scale in the future?\n\nI believe #Lightning is the way forward and I believe using LN for daily activities like the coffee shop and zapping on #Nostr works perfectly. The problem I see is: Even with LN it's not possible for everybody to participate because the on-chain capabilities currently don't allow it unless we fully rely on custodial means and not even then could we meet demand. \n\nMy question to smarter minds therefor is: \nWhat scaling options other than blocksize increase exist or are being worked on? Where can I read/learn more? I know that for the demand currently BTC works as it's supposed to and the mempool spamming just proved the system works (e.g. moving bitcoin from the hands of the spammers to miners and back to the hodlers via exchanges) but I was wondering how we're going to deal with it in the future. \n\nPlease spare me the \"bcash is the real bitcoin\" or \"CSW was right\" because I think neither of them are viable options rn because we just centralise in other parts of the ecosystem (and CSW is a massive fraud).\n\nIMO if we don't scale to the point where we can all transact on LN but still cold store and hold our own keys something went wrong...\n\nSo... what are our options? \n\n#bitcoin #plebchain #scaling",
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