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21 sats \ 0 replies \ @ek 24 Jan \ parent \ on: What (if anything) would you change about bitcoin code if you could? AskSN
Kinda defeats the purpose if opening/closing channels costs thousands of Sats and takes months to be confirmed.
Why would more expensive onchain transactions defeat the purpose of lightning?
With the current block size, if everyone in the world wanted to open and close ONLY A SINGLE Lightning channel per YEAR, it would not be possible.
Yes
Hardly anyone is using it non-custodially as it is.... and you want to make it even more difficult to use?!
You mean make it harder to use it non-custodially? I don't think that the tx fees for channel open/close are the bottleneck for non-custodial usage. It's that you need to run a lightning node and manage channels. More expensive onchain transactions don't change that.
My point is that if bitcoin started with smaller blocks, lightning would maybe already be more developed. Maybe, I obviously don't really know.
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