You own a bus company and you are losing money because you have 1 bus, only enough customers to fill 60% of its capacity on average, and 20 employees with fat salaries in an expensive rented office. You are charging 1 $ of fare, but you are spending 200 $ for each passenger that your carry. However passengers are increasing and by next year you know that you will have to leave passengers waiting for hours at peak hours and times. What would you do to fix your financial situation:
(1) get a loan from the bank, buy another 7 buses and hope that somehow it will be enough
(2) raise the fare to 200 $ per passenger
(3) wait until next year and then let the passengers
negotiate the fare with the driver by a blind auction on the platform.
(4) fire all employees except 1 driver and 1 mechanic, close the main office and move to a back-office in the garage
(5) file for bankruptcy protection.
6) Develop technology which safely allows 80,000 people to ride one bus with little or no difference in compfort and maintanance costs.
Rather: "6) tell your investors that you have invented a fantastic technology which safely allows 80,000 people to ride one bus with little or no difference in compfort and maintanance costs."
Developing such technology is more challenging that the simplistic ideas of 'buy more buses', or 'charge more per ticket.'
You bet it is. That must be why Adam Back has ignored all hard technical questions about the "fee market" and the Lightning Network, and instead has been relentlessly spewing out baseless FUD and ad-hominems for the last two months. "Let Blockstream decide the future of Bitcoin, because Mark is a CIA agent". And it is working, it seems...
That seems to be the task that Blockstream is undertaking with their 'elements' suite of innovations.
AFAIK not even Blockstream claims that Sidechains will solve the scaling problem. Their pie in the sky now is the Lightning Network, which seems to be just as plausible as an 80'000 passenger bus...
I could see [ the banking ] sector promoting something like XT which gives them the hope of monopolizing the take from a centralized and controlled solution just as they do with most fiat systems today.
Well, right now, if they control Blockstream, they control the future of Bitcoin...