right, but that stat is for “onboarding.” once you have LN channels open, there is no upper bound on how many txs can be processed in the channel, which is what makes it a scaling solution.

taproot and CISA would allow for more efficient and private opening of LN channels, which should help with that onboarding number, but i agree that channel management is a huge drawback for LN.

supposedly ARK uses way less chainspace. it would be really nice to see some code and a PoC implementation 😁

for those interested **

for this interested in how bitcoin works, the chaincode seminars give an excellent overview. get a few friends to read through it with you and use the provided discussion questions nostr:note1ey6ct7euvfhkhlpexv8eagwqpgkc04pknz4fx9gm82zlq9fmvvvsaukl8d

pretty technical, but this is a great resource for an overview of how bitcoin and lightning work: https://chaincode.gitbook.io/seminars/

it’s structured as a syllabus which you can go through at your own pace

haha i think we are getting into semantics, but i respectfully disagree.

let’s say every tx was taproot and we had CISA - we’d get something like 13k txs per block, maybe 20k if we specially constructed them to be as small as possible. that means 13k txs every 10 mins is all you can do on-chain. anything that has a hard limit that you will likely hit is not a scaling solution.

off-chain stuff doesn’t really have a limit tho on the number of txs that can happen per a single on-chain tx (or that’s true for lightning, not sure about ARK), which is why these are scaling solutions

I wouldn’t consider taproot and CISA scaling solutions, more just using on-chain space more efficiently and more privately.

in order to be effective, scaling solutions can’t be bounded by the block weight limit.

covenants seem the most promising step forward for enabling more off-chain scaling protocols (ARK, eltoo, etc), while also enabling more use cases on-chain

lucky for me, the bitcoin CEO still approves of WFH and is not friends with Musk

i’d also add working from home has pushed me to build a social circle outside of my “job,” which i’ve found to be healthier overall.

coworking spaces, meet-ups, etc help a lot

bluewallet communicated multiple times that they were sunsetting their custodial lightning node.

also, i’d caution against conflating your experience with bluewallet (a single app) with the #lightningnetwork

i have used a variety of lightning wallets, from custodial to non-custodial, over the years and had good and bad experiences.

the best lightning wallet out today is phoenix, in my experience.

deflationary money and it’s effects on an economy

gorgeous ❤️

but the WAL tho 🤤

“I just want people to use it. I don't understand these things. And I try to not learn about them.”

#[2]​ on the license he chose for nostr ❤️❤️

don’t accept their framing. write code, distribute it. nostr:note1q65gemf0cmegxy3ss905ws3fa7kqwq27gpy2uedpxus6p4p7k57s699gl3

hahaha feels more like a curse than a superpower

the timechain giveth and the timechain taketh away

forever amazed that the inter-block time is ~10mins UNLESS i am sending a transaction.. then it’s something like 40mins.

every damn time 🥲

spot checking a few txs, looks like antpool was consolidating, not that people were sending txs out of band

bro, no mempool.space link or block number? cmon

😂😂

thanks for the feedback!