Subnostr

I absolutely *LOVE* watching all these startled brains wrap their heads around an intriguing new idea like BitVM.

You can't ignore it. You must know whether its solid or vapor. You're about to come up with ideas how to improve it!

This is what I'm here for. This is how we win.

Need to read the white paper more, but the really big implication for me is the potential for (zk?) rollups and Merkle tree address balance proofs which will allow Bitcoin and Lightning to scale.

I was about to write a book of a reply 😂 I think I'll write my own post about it

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Discussion

OceanSlim 2y ago

Don't need bitvm to achieve roll ups on L1

James A Lewis 2y ago

Someone's done rollups on L1 already?

OceanSlim 2y ago

Also, Bitcoin and Lightning already scale 🤷🏻

James A Lewis 2y ago

Lightning (L2) scales transactions really well, but not users. Every self-custodial user of lightning needs his own channel(s). The idea behind virtual addresses under L1 addresses is to scale users too. Being able to prove virtual address balances with a BitVM rollup will allow a single transaction on L1 to represent a thousand transactions on L1.5, including channel opens/closes between L1.5 addresses.

calle 2y ago

Please do and tag me if you remember to!