It's just a talking point. Only about 2x as many people are using it as 3 years ago, and due to being boat-anchored to the molasses slow L1, it would take 75 years, $500,000,000,000 worth of electricity and all the remaining block reward to open a lightning channel for everyone on earth. Even then its quadratic routing complexity would likely render it completely ineffective long before that many people tried to onboard. It's like a Soviet phone line, if you apply now, you might get a channel before you shuffle off this mortal coil.
So you're against the lightning network because it can't be scaled infinitely?
The overall system is just software, and it can be improved.
L1 is capable of 4.6 transactions per second.
L2 is capable of 25 million per second currently.
L3 will be in existence long before getting a channel to every human on Earth becomes a problem (please note that this is something the traditional financial system has also failed to do, despite hundreds of years and legislative support).
arcticbull|4 years ago
CallMeJim|4 years ago
The overall system is just software, and it can be improved.
L1 is capable of 4.6 transactions per second.
L2 is capable of 25 million per second currently.
L3 will be in existence long before getting a channel to every human on Earth becomes a problem (please note that this is something the traditional financial system has also failed to do, despite hundreds of years and legislative support).