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0 sats \ 0 replies \ @3a42879d5f 17h \ on: The world needs bitcoin, not lightning bitcoin
I want to agree with you because decentralization and p2p is essential, but I don't because it's not practical. There have been times in Bitcoin 2018-2021(?) where it cost me double digits worth of USD to make a Bitcoin transaction. IDK about you, but I'm not paying $10-40 USD in FEES to pay for a $5 subscription. In those times, I quit using Bitcoin and I used Paypal instead. I want Bitcoin to be a medium of exchange, not just a store of value.
Lightning isn't perfect and I'm not saying that's THE solution, but we can't scale transactions on-chain. Maybe you're sour about the blocksize wars? I know I am. I'm a Roger Ver fan and I wanted big blocks. We lost though, the market picked small blocks, and now we gotta figure something out.
Best thing we got is Lighting. I'm hopeful that something even better comes along. Something more private, p2p. I don't think it's Ecash. Cashu forgets, "Not your keys not your coin" and there's little incentive for custodians to play nice and not rug (other than ecash wallet app developers.) Wasn't there another two methods? Liquid? Or was that vaporware? I don't know.
Honestly my ideal scaling solution fantasy right now is a Dogecoin Drivechain. The drivechain would link transactions between BTC and DOGE. DOGE uses PoW so it's tolerable. Basically do business on DOGE and settle on BTC. IDK if that's realistic though, I'm not a bitcoin dev.