LynAlden on nostr

Immediately settle over a wire for a handful of people and all the rest would be using custodial gold or government gold notes?

Lyn Alden @LynAlden 1691614840

People have the option of federated sidechains or federated mints. Could even split funds into several different federations if we get to the point where there is that much demand. Or maybe one day covenant-based scaling. It costs less than a dollar to send an on-chain transaction now, 14 years into this project.

-We don't even fully know what new scaling options will exist in a decade.

-We don't really know what % of people will want to directly use main-chain money within a decade.

8❤️4🤙4

fiatjaf · 137w

I'm all for these custodial or semi-custodial options, but it doesn't hurt to give people the option of using a non-custodial decentralized (even if not "trustless") mechanism for sharing utxos too, like the hashrate escrow.

fiatjaf · 137w

We can't expect new scaling solutions to keep happening, the only one we managed to invent in 14 years was Lightning, really, and it is becoming more and more clear that it isn't the silver bullet most people (including me) thought.

fiatjaf · 137w

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 requi...