11 sats \ 0 replies \ @Line2Wire 23 Dec 2023 \ on: What if scaling Bitcoin isn't a goal? bitcoin
It's this last sentence that's very telling to me.
No one is really considering scaling Bitcoin on the base layer. Improvements? Refinements? Sure. It's programmable after all. But to the point of continuously allowing 8+ billion people to transact globally? No one. Even Satoshi himself said this wouldn't be achievable, and we'd need extra layers.
Heck, even covenants, the biggest L1 improvement right now that's being pushed DUE TO the recent L1 high fees are touting and offering benefits to Lightning itself as a selling point.
The other side of this is that this post seems like something someone with too much stake in fiat would say, except it's Bitcoin, which is a crazy notion because we all know - "Stack sats, stay humble", so maybe I'm just wildly misinterpreting this part, or there's something seriously wrong here - Bitcoin is for everyone, and this is why while the supply is fixed, it can be virtually infinitely divisible.
Newcomers will get on-boarded straight to L2. The sats they buy will be at the price they deserve, and they'll be able to move those sats at the speed of light with low fees, until, perhaps, applications improve to the point where users are on-boarded at L3.
Layers will get added on top, and those layers will themselves be abstracted by applications, until Bitcoin is scaled for global use by everyone, at low fees, at the speed of light, for virtually every use-case known and necessary to society, in a way that protects said user's rights - Dare I say, as close to perfect as it can be!
And do you know why we can aspire and work towards such a crazy notion? Because for the first time, we have programmable money. 15 years later and this still seems lost to so many.