Damus
Nuh · 4w
In practice the vast majority of LN users are using custodial apps, at best a Fedimint or a Cashu mint, which are random federations and custodials with no track record or a reason to trust... Clearly...
Nuh profile picture
Rootstock can actually give us the large blocks that are necessary for scaling, with only one extra requirement; you have to be online once a week or two for fraud challenging just like LN. But you can also prune blocks older than that window, so even with large blocks you can have light clients that are safer than SPV, and nodes that don't need constant growth of storage relative to history, and you can have stateless clients and all the optimizations that we can't have on L1 because we need to be backward compatible with even Satoshi era nodes.

Even if big blocks are not enough, you can have multiple L3 large block sidechains to the Rootstock sidechain, and grow fractally by sharding users through chains by use cases or geography or whatever... And you still get better UX than LN and you still pay more fees for Bitcoin miners and add more security budget to your HODL UTXOs that way.

I don't understand why aren't Bitcoiners excited about all of that, except just my suspicion that Bitcoiners wants Bitcoin to stay niche because that feels good for some reason.
1
Nuh · 4w
Let me make it clear; Niche Bitcoin means dwindling mining rewards as the subsidy goes away, and possibly stagnate price too, and if the rewards decrease the hash rate will decrease and confirmation times will keep getting longer and longer and longer and Bitcoin security will keep getting worse, wh...