Nostr Web Client

Actually it isn’t interesting. He’s just trying to force what he cares about onto people who don’t care about it and the complaining that no option solves literally every single problem of money, payments, and finance all at the same time… which is just an absurd notion, imo.

Of course don’t recommend something hard to use or costly, but the fact that he jumps on Monero at the end and pretends it doesn’t have a vastly worse scaling problem, has even more limited options for layering, and the person is gonna have to KUC on some exchange to buy it anyway, shows this isn’t actually a conversation about trade offs, it’s just shilling. 🤷🏻‍♂️

“Lightning doesn’t scale, use Monero.” Is like saying, “IP addresses won’t scale, that’s why I tell people to write physical letters.” 🤦🏻‍♂️🤦🏻‍♂️

BTCrevolutionary 5mo ago

I don’t think he is wrong when it comes to the normie mindset. People have been conditioned to believe that privacy is scary and evil. How do we get people to care is probably the most vexing aspect of being a Bitcoiner. To us the problem is plain as day but to the normie it’s “that’s crazy, did you catch the game this weekend!”

As for scaling I have no idea how this pans out. I’ve read that lighting doesn’t scale to the entire world, so I’m curious to what other solutions will be out there to help handle growing adoption.

Lastly will normies use Bitcoin or will it be abstracted away until they are using something like a bitcoin backed dollar or something like that?

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Discussion

Guy Swann 5mo ago

There is no “single solution” to scaling to the whole world, and lightning was never claimed (except by people who didn’t understand it” to scale to the whole world’s transaction demand. The likely scaling limits are literally discussed in the whitepaper and the people who act like it’s not admitted or that it was dishonest were never paying attention, imo.

Blockchains don’t scale, that’s what bugs me about people who say “Lightning doesn’t scale” as if the lack of a universal, complete solution to all scaling in Lightning, somehow means their preferred alternative (with vastly worst limits) should be recommended. The simple fact is that Lightning scales at a significant multiple to any blockchain based payment system, likely in the 100x range.

Maybe I’m more annoyed than I should be, but serial complainers with solutions to exactly none of the problems just feel like such a waste of time to me these days. Maybe I just need more patience and my kids are taking all that energy from me already 😂