>With validity proofs it's trustless. You're only giving up censorship resistance (up to L2 consensus), but gaining: scale (like lightning) and functionality. In fact, the latter also gives more security because you can do DeFi and self-custodial applications.
I was referring to sequencing layers. Rollups do not scale like Lightning in any way. They involve global state and data that has to be made available to users.
Using Bitcoin as a DA will make tx onchain strictly more expensive than on Bitcoin today the moment any sort of scale usage shows up.
All of the gadgets you refer to are underexplored and add new layers of complexity that I don't think are fully appreciate because they've never been tested in real world environment.
What we know of rollups is that they are permissioned, likely very expensive to operate and consolidate into few service providers that can capture network effect. (observations from ETH)
bergealex4 / Alex B.
npub16f…rn62p
2024-08-01 15:56:14
in reply to nevent1q…cz0v
Author Public Key
npub16fhh3ev4gytmt3jn3gkkez9z99kxtspcwupen4cxn2tcym4sd22surn62pPublished at
2024-08-01 15:56:14Event JSON
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"content": "\u003eWith validity proofs it's trustless. You're only giving up censorship resistance (up to L2 consensus), but gaining: scale (like lightning) and functionality. In fact, the latter also gives more security because you can do DeFi and self-custodial applications.\n\nI was referring to sequencing layers. Rollups do not scale like Lightning in any way. They involve global state and data that has to be made available to users.\n\nUsing Bitcoin as a DA will make tx onchain strictly more expensive than on Bitcoin today the moment any sort of scale usage shows up. \n\nAll of the gadgets you refer to are underexplored and add new layers of complexity that I don't think are fully appreciate because they've never been tested in real world environment. \n\nWhat we know of rollups is that they are permissioned, likely very expensive to operate and consolidate into few service providers that can capture network effect. (observations from ETH)",
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