Quote from: o_e_l_e_o on June 15, 2021, 09:41:13 AM

Quote from: odolvlobo on June 15, 2021, 06:26:39 AM

Bitcoin in its current state is not capable of supporting world-wide adoption of Lightning. Other solutions will need to be developed.

Just to put some numbers on this: Let's assume all the following (which is completely unrealistic):

Everyone uses Taproot
Every channel opening transaction is one-input-one-ouput
Every transaction being made is a Lightning channel being opened, and no one makes any other type of transaction
Every block is optimally full
Everyone only opens a single channel which they keep open forever

Even assuming all that, then at most you can open 9,000 channels per block, meaning it would take 17 years just to let everyone in the world open a single channel. As soon as you consider that obviously some people need to have multiple channels open for Lightning to work, and obviously people will want to close channels, open new ones, top up their channels, and so on, then that number increases exponentially.

Lightning is great, but it cannot support global adoption without further changes to the base layer.

In addition to this, there are other shortcomings as opposed to traditional transferring of Bitcoin that I find will someday cause problems. Lightning is not a bad addition to Bitcoin, but it isn't the holy grail it is portrayed to be. I personally would prefer multiple different methods of scaling but I am not in charge. I would say that the explosion of alternative crypto blockchains is good evidence I am not alone in this thinking, but they aren't Bitcoin. Hopefully someday the community can come up with a better scaling solution that is supported by a higher % of crypto participants.