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67 sats \ 1 reply \ @standardcrypto 6h \ on: Fake L2 scams like Ark, Spark, Citrea, Drivechains, and others are Shitcoins 2.0 bitcoin
The issue isn't to grind down fake L2s, the issue is for there to be enough organic use of clean lightning that no one takes them seriously or ideally has even heard of them.
Now there is no (or little) organic need for clean lightning, because onchain fees are just so gosh darned low. That will fix itself with time... or it won't. If it doesn't, the takeaway is that not enough people care about "money for enemies" and are fine using custodial kyc bitcoin that won't depreciate with purchasing and if they got rug pulled by the custodian, boo hoo. If this lack of demand persists over many halvings, the only technical fix that occurs to me is a softfork to reduce block size, and that may not be worth the effort.
Nice writeup though. You elicited many interesting responses.
be enough organic use of clean lightning
Indeed, doing my best
onchain fees are just so gosh darned low
I actually kind of expect this to be the case forever, Lightning warrants a premium for speed and granularity
The fact we lowered the bound on dust and distribution still continues to consolidate implies that chain use will become more like Fedwire and not less, with institutions /HNWI's using it for settlement across platforms until hash rate either becomes a by-product of heat generation or stagnates while purchasing power increases.
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