i heard an interesting idea this week from a Hodler who was worried that in 50 years, when each Hodler is a bank and there is little blockspace for opening/closing lightning channels and not all 9 billion people on the planet will have access to the non-custodial version of Bitcoin.
I haven't gamed it out more than: ~1,000,000 transactions per day
9 billion people.
I don't know how many transactions per lightning channel.
The idea is that eventually there will be a big base of population who will want to self custody their Satoshis, but they will not be able to due to the fees and small UTXO sizes even on Lightning.
So it will be the Satoshi-poor masses advocating bigger blocks versus the rich OG bitcoin hodlers who will want smaller blocks to keep all the little guys on their custodial platforms.
Gary Poppins /
npub16g…f7cwq
2024-07-11 15:16:07
in reply to nevent1q…3na2
Author Public Key
npub16gahc8cevxkvhnl05e72kxp3xwu4n969kcq72xucfgpk5tcu9vpqff7cwqPublished at
2024-07-11 15:16:07Event JSON
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"content": "i heard an interesting idea this week from a Hodler who was worried that in 50 years, when each Hodler is a bank and there is little blockspace for opening/closing lightning channels and not all 9 billion people on the planet will have access to the non-custodial version of Bitcoin.\n\nI haven't gamed it out more than: ~1,000,000 transactions per day\n9 billion people.\nI don't know how many transactions per lightning channel. \n\nThe idea is that eventually there will be a big base of population who will want to self custody their Satoshis, but they will not be able to due to the fees and small UTXO sizes even on Lightning. \n\nSo it will be the Satoshi-poor masses advocating bigger blocks versus the rich OG bitcoin hodlers who will want smaller blocks to keep all the little guys on their custodial platforms.",
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