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0 sats \ 0 replies \ @028559d218 14 Mar \ on: Scaling DEBUNKED: No More Than 5-10 Million Can Use Bitcoin, EVER! bitcoin
I don't believe that Bitcoin 'doesn't scale.'
Try closing on a house (property) and paying 6% in closing fees.
On a house (for example at 100,000$) that's over 6k. And that's a cheap house in North America. On a 300k house that's ~18k just in closing fees.
The idea that paying to open a few Lightning Channels to send digital gold/digital capital around the internet is too expensive... is ridiculous.
If we got "just" say 7% of the world's population into using Bitcoin regularly (like less than 1 in 10) that's still 560 million people. That's ALOT
There are approximately 200 million on-chain transactions per year. Assuming that kind of on-boarding takes 10 years (at least) and say 1 in 3 self-custodies (which would be a higher % than today) that's...
186 million people using Bitcoin regularly in self-custody over 10-years time which I believe is not unreasonable... considering one lightning channel is enough for weeks or months and people can withdraw directly to a lightning channel to spend from.