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by Nursie
1462 days ago
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1) You claimed it provided services for 4 billion people. 30 million != 4 billion. 2) Lightning requires BTC transactions to establish channels and for funding, no? While the TPS when funds are on lightning may be impressive, in order for 4 billion people to set up and fund lightning channels, at 7 TPS the bitcoin chain is going to take ~18 years to process that. 3) Are these 30 million people in Nigeria using BTC on the main chain? Are they using lightning? Or are they using one or more custodial, centralised wallet services/exchanges? (I see 'sidecar channels' are a thing which may help onboarding speed, skipping the bitcoin blockchain entirely, but it all sounds hideously complex, with a bunch of fees in different places to a variety of service providers. It really all points to a failure in the L1 solution) |
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