pull down to refresh

11 sats \ 0 replies \ @tomlaies 26 Nov 2023 \ on: Can someone answer these arguments about Bitcoin and lightning bitcoin
Opening/closing/changing balance needs an onchain transaction, so doesn’t really help with scaling.
Makes no sense. Opening & closing channels are 2 transactions and you don't have to do the later. So only 1 transaction. Balancing works offchain two. And then you can do thousands, millions, endless transactions without going onchain. How isn't that scaling?
Channel management sucks, if you don’t have an income stream paid via lightning, you’ll have to constantly rebalance your channel, and you’re limited by others liquidity. If you are paid more than you spend eventually you have to rebalance as well.
All of that can be automated.
It stupidly tries to solve Bitcoin scaling, and is itself dependent on Bitcoin's scaling.
That's not an argument. Stop listening to people that communicate in "vibes" instead of hard facts. Opening a channel once and then making millions of transactions is scaling.
write
preview