Damus
Hans Karlsborn · 32w
220 million transactions per year.. 8 billion people. It doesn’t matter if you control your UTXOs if you can’t transact more than once every 36 years😵‍💫 (assuming 8 billion people who has ...
jb55 profile picture
I have transacted over 200,000 times on my lightning node with my own utxos in the past few years. lightning enables unlimited non-custodial scaling. you just need to learn how to do a few bitcoin transactions every now and then to open channels. software and hardware innovations can make this easier

it might be harder than a bitcoin tx but its still possible for people who want to run their business through their node.

of course onchain will not scale to 8 billion people, this is why we are building layers and why the big blockers are retarded.
2
jb55 · 32w
in fact, not even lightning scales to 8 billion people if everyone in the world were opening 2 channels per year. I calculated we would need 20mb+ blocks to do this. but lets be honest, not every single person in the world will be doing this anyway, so yes there will always people who just don't gi...
Hans Karlsborn · 32w
Well I mean if Lightning is supposed to scale then Lightning will take a large proportion of the block space, will it not? Then it will become hard to open channels because you will have to interact with the base chain. You will have to rely on third parties large scale Lightning channels, no?