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by arcticbull 1771 days ago
You can do “layer 2” transactions that settle on ACH or wire transfers, like Venmo or square cash, what’s your point? This is just more shameful greenwashing to pump up bag.

You would have to do literally millions per on chain transaction using bitcoin to match ACH, visa or a proof of stake chain.

This is of course after you consider opening a single LN channel for every human on earth would take 75 years and 300 billion dollars if the chain did nothing else. Like putting in a request for a Soviet phone line. LN has quadratic routing efficiency and is boat anchored to garbage.