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1344 sats \ 6 comments \ @hynek 13 Feb bitcoin

High-level idea for gradual scaling of bitcoin with the proper combination of verified contacts, cashu, nostr, and channel factories.

See the post on GitHub What do you think?

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11 sats \ 2 replies \ @justin_shocknet 13 Feb

If you're going to use trust as the security mechanism, then all this is superfluous fragile and retarded, just use SQL.

0 sats \ 1 reply \ @hynek OP 13 Feb

Trust is used mainly to build the network.

0 sats \ 0 replies \ @justin_shocknet 13 Feb

The entire document is based on trust assumptions, because it naively / ignorantly / dishonestly presupposes that Bitcoin's scaling limitations are a function of its throughput.

This is nonsense used by scammers to fundraise trusted fake L2's and for NGO's to astroturf hostile changes to Bitcoin.

Level set:

You cannot use Bitcoin in a trustless way without transacting on the base chain unilaterally.
Doing so with any level of sustainability requires you have at least 5, preferably 6, digits worth of sats.
The number of individuals/organizations who will posess 5+ digit sats are far below any transactional throughput limitations.

Scams like Ark claim to scale Bitcoin transactions to <5 digit dust collectors, but that's only achieved through trust, since the same dust collectors the product would cater too cannot afford to use the Bitcoin chain to arbitrate their claims.

0 sats \ 0 replies \ @mod 20 Feb

🚩 This post might be more relevant and engaging in the ~lightning territory.

0 sats \ 1 reply \ @OT 13 Feb

Looks quite complex. If they can do it I'd like to test it out and have a better understanding of how it works.

0 sats \ 0 replies \ @hynek OP 13 Feb

It's just theoretical concept as of now. And yes it is already quite complex. But it can start simply and than evolve step by step.