Post by Guy Swann
Not at all, Lightning is neither permissioned nor trusted when it comes to the network and ownership. It specifically only works because you can connect to someone at random and still know that you can exit with your coins and you don’t have to have a lawyer to enforce it. Scaling at the base layer is a red herring. There’s no such thing as “being done scaling.” Jevons paradox. If we found 1000x base scaling solution, we’d just use it for 1000 new use cases that are now economically rational, and we’d run out again and still need layers. Thats all ignoring the fact that the trilemma of scaling, verification, and decentralization is pretty fundamental and we need something very, very different to break out of it.
Idk that I can get behind that. Not everybody will be able to use the base layer in the future (Saifedean on Pomp today). You’ll need the permission of the channel operator and for somebody to treat your lightening sats as BTC if you want to put it into cold storage. Right?
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More likely to be some sort of side chain like Liquid. Don't try and judge this right now. This revolution is still very young. Don't bet against technology finding a way.