Nostr Web Client

Your right about the first part, but you seem to indicate this is bad or a problem rather than it's a blockchain, it's doing exactly what it's supposed to do.

And no, you don't have to trust, Lightning channels are trustless.

Learn the protocol, get some experience and understand it first hand before you make statements that are that uninformed.

Hans Karlsborn 4mo ago

Services like Muun Wallet or Wallet of Satoshi often handle the opening, closing, and routing of Lightning channels for users. This means users rely on the provider to maintain channel liquidity, route payments correctly, and ensure funds are accessible.

And some Lightning wallets, like Wallet of Satoshi, are custodial, meaning they hold the private keys or control the funds in the Lightning channels. Users trust the provider not to steal funds or lose them due to incompetence or hacks. In other words, TRUSTED THIRD PARTIES.

There is not enough blockspace for 8 billion people opening private channels.

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mike 4mo ago

Muun, WoS.

Yes, they exist, but so do child accounts with banks.

8 billion channels?

Run a node and stop going from one extreme "WoS" to another "8 billion channels".

How does VISA cope with 8 billion transactions per second?

How does HSBC handle bank accounts for 8 billion people?

Because you understand the fiat world, you understand how stupid these questions are.

It would be nearly impossible to explain how stupid these questions are to somebody that knows banks or VISA exist and are responsible for the world banking and that the world population is 8 billion.

Understand, your statements / questions in this context.

The world bank perhaps does a dozen transactions a year, your local branch does perhaps a few dozen transactions a day.

Neither worries about the 8 billion people on the planet.

If I send a lightning payment to somebody, it may route through a few other nodes, it might not, but it has no effect on the lightning network at all, neither does Cashu, neither do mints, neither do institutional transactions.

Hans Karlsborn 4mo ago

Do You understand my original question?

How will for example Lightning handle 8 billion people’s need for fast transactions WITHOUT TRUSTED THIRD PARTIES?

My question is not ”How will bitcoin + layer 2, layer 3 etc handle the need for 8 billion people? Because I am sure that it will be solved WITH TTPs.

You will (I’m sure of that😅) continue your smug condescending answering of questions I have not asked and then giving me advice how I shall run a node. (I run a node, Start 9 since 2023, and it is because of this I am convinced it will not scale in a non custodial way).

mike 4mo ago

Yes I'm being smug and condescending because that is the environment you set. You set the tone with your original question.

If you prefer a different environment then go ahead and change your tone and I'll change also.

I'm also being smug and condescending for all the responses you give like "handwaving".

I'm following your lead.

Also, my answers are correct whether you like them or not and your experience of running a node is extremely limited and you have built an entirely false narrative based on your very limited experience.

If you are unfamiliar with my normal style, perhaps this response to a different thread will help. Here is me flipping from being smug and condescending to helpful and very cooperative when prompted.

nostr:nevent1qvzqqqqqqypzp6pmv65w6tfhcp73404xuxcqpg24f8rf2z86f3v824td22c9ymptqyv8wumn8ghj7enfd36x2u3wdehhxarj9emkjmn99uq3vamnwvaz7tmgd9ehgtnwdaehgu3wd3skuep0qqs0kdvyrdf5x9538l2793hxxk9wmj6jjsgqqml59zkhpnvv273zuws9se9xy

Hans Karlsborn 4mo ago

You have not answered my question though. Because you can’t. You make prognostications of future technological progress that may or may not come to fruition.

My prognosis is the following: Bitcoin as a MoE will be solved on layers above but mainly through TTPs. A minority of transactions will happen in a non custodial way. Thank you for the attention to this matter.

mike 4mo ago

You are definitely trolling now.

I have given you a full complete answers to every question you asked me and several others who have commented to you also.

You dismiss them with "hand wave" comments or, if you don't like the answers, you pretend that I'm not answering them.

You then repeat the same question telling me I haven't answered you.

You then tell me I'm smug and condescending in a smug and condescending manner.

You then repeat a question without acknowledging anything I've said. You're not even prepared to argue or tell me I'm wrong, you simply pretend like I haven't answered it.

That's fine, but I'm calling you out. Tell me what I've got wrong about RTGS and the IBM 3/60 scenario and Cashu and Mints and exchanges and banks.

You have to address each and every one, fully with complete acknowledgement and understanding and explain why it doesn't answer any of your questions.

Tell me why I'm wrong or accept I'm right, but don't tell me the answers I've given you don't exist.

If you are unable to complete this fully, then you're gaslighting.