Lightning Network70.0%
Bigger blocks3.3%
Sidechains3.3%
Need more info6.7%
Other (specify)16.7%
30 votes \ poll ended
pull down to refresh
455 sats \ 3 replies \ @nicosey 29 Sep 2023
I hope bitcoin keeps on having scalability problems. If that stops we have a bigger problem..
reply
0 sats \ 2 replies \ @future OP 29 Sep 2023
Unfortunately, Bitcoin's scalability is one of it's problems.
reply
110 sats \ 1 reply \ @aoeu 30 Sep 2023
I think he means that if there wasn't adoption of bitcoin, there wouldn't be any problems. The fact that solutions are being developed for scalability is a good thing since it means that adoption continues to increase.
reply
31 sats \ 0 replies \ @ek 30 Sep 2023
Yep, same view here.
The internet had similar problems.
There was a famous speech about how the internet is a series of tubes and if we allow people to download too much junk, e-mails will get stuck and the internet will collapse.
But the internet didn't care, it just kept growing.
reply
260 sats \ 1 reply \ @grayruby 29 Sep 2023
Layer 2s (lightning and others that will come), fedimints, and of course their will be centralized financial services bitcoin companies that use bitcoin rails but might have their own private layers on top (I know that's blasphemous to bitcoiners but it will happen).
Maybe sidechains down the road but I think layer 2s and adoption are much more important in the coming years. Focusing on Sidechains now is akin to building a building and working on the gym, pool and sauna on the 50th floor before building the elevator.
reply
10 sats \ 0 replies \ @future OP 29 Sep 2023
Yes it's true.
reply
221 sats \ 2 replies \ @SimpleStacker 29 Sep 2023
I might get shit on for this, but I think the solution to scalability is trusted bank-like institutions.
Now, hear me out. LN is great, but liquidity is a problem and how many people who use LN-based apps are actually running their own nodes and have their own channels open? Majority are probably using custodial services like WalletOfSatoshi or Stacker.News. In reality, they are relying on the app to utilize LN while they maintain an account on the app. The funds are in the control of the app runners.
And that's perfectly fine. Here's why I think so:
- The underlying asset is still in fixed supply and immune to debasement. That doesn't change.
- The underlying asset is more verifiable than fiat. So these bank-like institutions won't get to claim more assets than they actually have--ones that do will be more easily found out and people will move to another provider
- The network is still open source and permissionless.
- Anyone who prefers not to put their trust in a bank-like institution can opt out and use the base layer. It might be more expensive, but that's okay. People should be willing to pay the cost for their space on the chain.
- If the market is not meeting a user need, the open source nature will ensure that some solutions gets developed to meet that need
reply
211 sats \ 0 replies \ @scottathan 29 Sep 2023
I like the part about verifiability. Proof of reserves and other such systems can help add significant accountability to semi-custodial solutions.
reply
0 sats \ 0 replies \ @future OP 29 Sep 2023
Currently, it looks like this. In the future maybe something will change.
reply
209 sats \ 4 replies \ @scottathan 29 Sep 2023
I really like the outlook of Arc and Fedimint. Pair them with the lightning network and we would see massive semi-trustless scaling solutions come to fruition.
reply
317 sats \ 2 replies \ @nicosey 29 Sep 2023
look at mercurylayer.com
reply
0 sats \ 1 reply \ @aoeu 30 Sep 2023
Can this be implemented now or would require a soft fork?
reply
21 sats \ 0 replies \ @nicosey 30 Sep 2023
It is implemented will be live in months. First version is already live and was called mercurywallet.com
reply
0 sats \ 0 replies \ @future OP 29 Sep 2023
This could be great!
reply
320 sats \ 2 replies \ @TheBTCManual 29 Sep 2023
I think all of these will be around along with ecash multi-sigs like fedi, and I don't think custodial bitcoin goes away sadly
reply
3 sats \ 1 reply \ @future OP 29 Sep 2023
Still self custodial is better for users.
reply
2 sats \ 0 replies \ @TheBTCManual 29 Sep 2023
For sure, until we can get to a point where non-custodial can feel as simple as custodial or get so close that the switching is near seamless, it remains a popular on-ramp that will remain sticky
reply
185 sats \ 1 reply \ @Ksjznxnxkxksn 29 Sep 2023
All of these option are technically valid
But i would prefer Ecash-like L2
reply
0 sats \ 0 replies \ @future OP 29 Sep 2023
OK.
reply
228 sats \ 0 replies \ @endothermicdev 30 Sep 2023
I think things like Fedimint will become necessary for the average user - lightning payments can tie it all together but if thousands of users are able to make use of a single channel, the scaling really takes off. Whether that's through a side chain with a lightning bridge, chaumian e-cash based federation, or something else remains to be seen. The key is to minimize trust to the maximal extent possible, and there are multiple approaches. What I would prefer and what the market coalesces around may be wildly different, so it's all highly speculative.
reply
15 sats \ 1 reply \ @SatoshisSkeleton 30 Sep 2023
BITCOOOOOOONNNEEEECCCTTTTT
reply
0 sats \ 0 replies \ @future OP 30 Sep 2023
It's good idea!
reply
0 sats \ 0 replies \ @anon 29 Sep 2023
Just move on.
reply