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53224639 No.53224639 [Reply] [Original]

Even with the lightning network, how is 7 tps enough to ultimately onboard the world and periodically settle/rebalance channels?
If 99% of people can only use BTC on LN in a custodial way, then isn't that quite the flaw?
Is there any solution to this? I might not understand everything here.

>> No.53224675

>>53224639
You're right.
BTC ngmi.

>> No.53224724

>>53224639
you can settle the entire world with 1 transaction.

>> No.53224736

Keep asking, keep wondering, keep pondering, keep doubting, keep procrastinating, fomo in later

>> No.53224766

>>53224639
>>53224675
>>53224724
>>53224736

Bitcoin and ETH are memes

there is only 1 coin that can truly handle all the money

and guess what? it's made by a company that actually already has business in over a 100 countries and is closely working with banks for years

>> No.53224781

>>53224639
I run a lightning node and very very rarely need to actually settle on chain. Even when I do I can usually wait for whenever congestion is low. 7tps is more than enough.

>> No.53224832

>>53224639
Lightning is a joke and Bitcoin won't scale. It'll stay like this, custodial lightning and slow L1. Kind of sad, really.

>> No.53224955

>>53224639
7tps and LN both sucks (except that LN effectively anonymizes coins which is good) but the ultimate redpill is that it doesn't matter. Number goes up is what matters.