You can have thousands, millions, or even more users, making their transactions on second layers, having all of that batched, and finally pushed on-chain, as a single transaction with high fee rate.
I don't see why the fee rate would be high. Payment channel settlement transactions just pay nominal fees, no matter whether they result from a handful of txs, or thousand of txs. This is not a case of packaging a bunch of txs into a batch that preserves all their fees, but of one final settlement tx obsoleting all earlier ones.
I believe that stwenhao was proposing "batching" transactions on-chain, wherein an entity combines different on-chain transactions into a single one using a sort of script, with the fees shared by the users in that "batch"
I never said that Bitcoin shouldn't scale, but currently it simply can't scale on-chain. I'm not sure what the best solution is and neither does many people, even those that want to make themselves look "smart".
Yeah
Next time Bitcoin fees rise like crazy, I'll be spending LTC on a daily basis. Or Ethereum. (And if even Ethereum's fees go crazy, then BNB.)
I am embarrassed to admit this, but Lightning Network is not feasible unless your channel is at least ten million sats large. Or you use someone else's node.
Majority of users don't use their own nodes when they transact on-chain too. I have a wallet in my phone that doesn't connect to my own node.
