Quote from: n0nce on September 30, 2022, 03:59:53 PM

Quote from: BlackHatCoiner on September 30, 2022, 06:59:16 AM

Quote from: BrotherCreamy on September 30, 2022, 04:04:09 AM

Again, even if a single user in the pool theoretically has the power to unilaterally withdraw their funds, if it is cost-prohibitive then it might as well not exist as an option.

There's a cost for everything. Perhaps there could be a mechanism, wherein the user who closes the channel / pool pays most, but there will always be a cost. If you increased the block size, the fee rate would surely drop, but the cost would later be translated in decentralization.

Block size was never and will never be a sufficient scaling mechanism, at least not on its own.
If we talk about signature aggregation as a scaling mechanism, have a look at MuSig2 - it sounds pretty promising to me. Combining signatures off-chain instead of on-chain saves fees and blockchain space, while not requiring channel opening and closing transactions.

Quote from: NotATether on September 11, 2022, 07:19:00 AM

[...]
It's good that a MuSig2 BIP is finally about to roll though. It's about time that something like this happens and has profound implications in both scaling with off-chain threshold transactions or with aggregated transactions.

Quote from: BrotherCreamy on September 30, 2022, 09:05:39 AM

Quote from: BlackHatCoiner on September 30, 2022, 06:59:16 AM

Quote from: BrotherCreamy on September 30, 2022, 04:04:09 AM

If I'm keeping my life savings of 100,000 sats in a CoinPool, and the transaction cost is 50,000 sats, then the option to withdraw my funds unilaterally basically doesn't exist.

You talk with numbers, but there's no indication that you will pay 50,000 sats for an on-chain transaction.

Regardless of what the cost is in sats or dollars, the fact is that 500,000 transactions per day / 5 billion people = 1 transaction per person per 10,000 days.

What is your proposal to make Bitcoin scale by a factor of 10,000 (to allow everyone to do 1tx/day)?

I don't have a proposal... that's why I created this thread.
I'm trying to figure how Bitcoin scales in a decentralised way when there are a billion plus users in the network.