Hi guys,
In a previous thread (
https://bitcointalk.org/index.php?topic=5414686.0), I discussed with people ways that Bitcoin might be able to scale to billions of users (which cannot be addressed by LN).
Since then, I've come across this paper "Scaling Bitcoin with Inherited IDs" (
https://github.com/JohnLaw2/btc-iids/blob/main/iids14.pdf) by John Law, in which he describes a change to Bitcoin which he calls "Inherited IDs", which would in theory allow Bitcoin to scale effectively to many more users than currently.
I'm too silly to understand the theoretical impact of this idea, so I was hoping someone could elucidate it for me.
It seems like it might have merit, but I can't be certain if it's snake oil or not.