Because every blockchain with meaningful adoption that has tried to do more txns on the base layer has still ended up with massive txn costs & because of their choices about base layer capacity they became centralized.
And the only reason it hasn't happened to bitcoin is that it is much harder to change. So how else are you going to add capacity if not in layers?
Even Hal suggested bitcoin banks would be necessary. But hopefully we will have something like shared UTXOs backing L2 blockchains which are networked via Lightning, so that everyone gets their own virtual UTXO & doesn't have to depend on trusting people too much.
Jeff Swann
npub1aj…ftppj
2024-06-22 20:37:13
in reply to nevent1q…zaz8
Author Public Key
npub1ajv7m32k0cpgzha32qszsh304qusjvwwmavus0ttktzldms4xzusuftppjPublished at
2024-06-22 20:37:13Event JSON
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