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Lightning is basically the only layer we can do with current bitcoin. Soft forks are needed to do more scaling. Not scaling on chain but with new layer 2 designs

techfeudalist 1y ago

Lightning is the only layer?

Umm…

1) Liquid

2) Fediment

3) Ark, and all the other R&D underway.

As an engineer, do you think it’s a good idea to enable powerful technology IN THE BASE CHAIN that has few known limits so essentially nobody knows how it could be abused?

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Discussion

Carman 1y ago

Liquid and Fedimint are not layers, they are custodial solutions. Ark has lots of problems without covenants

I've never seen someone say concatenate is a powerful technology

techfeudalist 1y ago

Lightning is custodial too, isn’t it. No, really, think about it. What percentage of lightning usage is self-custodial? Weren’t you doing Mutiny? Does self-custodial lightning actually work for plebs?

You want to include a technology that you don’t know the limits of. If you do, please explain the limitations. Explain why it can’t be abused. Don’t you think this is something we should know?

Why do you claim to know why Satoshi removed it? What were his reasons?

Leo Fernevak 1y ago

I don't trust anyone that advocates for covenants. They are corrupt and pose a threat to bitcoin with their naivety.

techfeudalist 1y ago

I think it’s what separates the developers from the engineers. The engineers understand risk trade offs. The devs do their testing in production.