Post
Topic
Board Bitcoin Discussion
Re: Mike Hearn Leaves Bitcoin
by
Value.Virtue
on 22/08/2024, 21:13:15 UTC
This might be an ill-informed question, but I came across this recently and was wondering how we feel about BTC upgrades/improvements?

It feels like BTC is now chasing fiat gains over building a global p2p economy, hoping that lightning network or some other L2 solves the scaling problems for non-custodial transactions.

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7
That is not going to be possible Sir, Bitcoin scalability can never rely on LN rather it will be better with COREDAO or Satoshi Core which requires Bitcoin miners to delegate the BTC hash power to the network for the betterment of the both L1 network of which may even solve the trilima problem in crypto currency in future and another way is to introduce a L2 network and run off chain transactions on L2 before bringing it to BTC L1 network which LN can not handle. See reference below

https://coredao.org/explore/blog/59