After 14 years we don't have anything near hyperbitcoinization, which is the goal of every sane person, and fees are probably only still relatively cheap today because SegWit did a mandatory blocksize increase.
No non-custodial offchain mechanism will ever be able to bypass the lower limit of requiring trustless payments to be bigger than the fees required for an onchain transaction. If we expect fees to increase -- and we must if we want Bitcoin to continue to be safe -- we must also expect that less and less transactions will continue to be viable.
There are only two solutions: custodial stuff and Drivechain. If no argument can be made that Drivechain breaks Bitcoin then activating it is the reasonable course of action.
fiatjaf /
npub180…jh6w6
2023-08-09 21:09:50
in reply to nevent1q…myp7
Author Public Key
npub180cvv07tjdrrgpa0j7j7tmnyl2yr6yr7l8j4s3evf6u64th6gkwsyjh6w6Published at
2023-08-09 21:09:50Event JSON
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"pubkey": "3bf0c63fcb93463407af97a5e5ee64fa883d107ef9e558472c4eb9aaaefa459d",
"created_at": 1691615390,
"kind": 1,
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"content": "After 14 years we don't have anything near hyperbitcoinization, which is the goal of every sane person, and fees are probably only still relatively cheap today because SegWit did a mandatory blocksize increase.\n\nNo non-custodial offchain mechanism will ever be able to bypass the lower limit of requiring trustless payments to be bigger than the fees required for an onchain transaction. If we expect fees to increase -- and we must if we want Bitcoin to continue to be safe -- we must also expect that less and less transactions will continue to be viable.\n\nThere are only two solutions: custodial stuff and Drivechain. If no argument can be made that Drivechain breaks Bitcoin then activating it is the reasonable course of action.",
"sig": "2f50c0a70c4e32a64e2715e78f3d7219358afcd2403e72d1f54d88a84dd70701dae82d3794be304195bf18d3bf35c7721ba9431c7acfb62bbc8dcc3551549763"
}