It’s described in the drivechain BIP. I can’t remember the exact cap.
But it would be the last change needed to bitcoin.
Lightning doesn’t scale to 8 billion people mathematically but having multiple sidechains would.
Sure let’s all just keep using custodial lightning with zero privacy and pretend this is best thing since sliced bread while ignoring the bitcoin white paper.
Excuse me, sir. Have you heard about Fedimint yet? No changes to base layer needed.
Yes, Fedimint is federated by definition. It is not trustless like bitcoin was envisioned to be.
Sure sounds better than custodial lightning with no privacy.
You still have to trust someone with your bitcoin. Which is not what satoshi had in mind for bitcoin.
There’s no rush. Bitcoin works for its current user base, and could probably scale to between 250M and 500M active self custodial users as currently constructed. Maybe in 5 years the drive chain scaling discussion will be more interesting, but for now it’s a non-starter.
Some level of trust is needed for society to function. Let’s reduce the amount needed, especially for money, but it will never go away.
If you’re going to trust (many people will), you might as well get other benefits in the process. Privacy is a good benefit to get.
Read the bitcoin white paper sir. The very first paragraph.
Do you think custodial wallets are going away anytime soon? If not, wouldn’t you rather a user have privacy?
I agree that self custody for everyone is the goal but there are steps along the way as more people learn. Self custody for everyone in the world is currently not technically feasible, so let’s give people trade offs that add benefit to the users. Ecash provides privacy as a trade off for an already establish model of custody.
Mix and match
Elements. Fedimint. Cashu.
Theres no reason BIP300 would be the last upgrade. Thats koolaid talk
Cashu is custodial.
Fedimint is federated.
No idea what elements is tbh.
Liquid is federated and not open source.
Rootstock is federated but at least the fees go to bitcoin miners.
Drivechain is trustless and all fees go to bitcoin miners. You get to have Monero type privacy as well. And you can get simple scalability to 8 billion people using self-custodial.
