Quote from: BitHodler on August 30, 2019, 01:17:27 PM

LN isn't a solution to that. It's just one (currently very dominant) second layer, which we in the future will see compete with other second layers. I don't rule out to see a second layer gain more popularity at one point.

People often look at LN as being Bitcoin's path to scale, but you don't really scale anything aside from the second layer itself. Bitcoin's main-chain is still slow and expensive relatively speaking, that won't change any time soon.

SegWit on the other hand is an actual scaling implementation. It brought a 20-25% transaction throughput increase and some bug fixes. Better something than nothing at all I would say.

Exactly. Lightning is a very situational scaling solution: It only scales when e.g. two parties are often transferring money to each other. The final settlement is still done on the chain.

Looking forward to Schnorr signatures.