Oddbean new post about login | logout 0% improvement on that specific metric. Are you saying TPS has increased? And if it has increased, has it kept up anywhere even close to advancements in tech and and consumer hardware/bandwidth? We can emphatically say HELL NO
yeah wallet format, segwit, batching, etc. all mainchain throughput increases done with a soft fork. This isn't even talking about the different layers which unlock a whole lot more. Trying to keep up with hardware through hard forks was never going to work. There's a reason why Bitcoin mogs everyone else. Keeping data for frivolous transactions doesn't scale. Eth was smug as hell until they ran into a wall. If xmr ever gets going they'll do the same.
Was obviously talking about on chain (which greatly affects lightning being usable as we always see when blocks get full onchain). Layers don't carry over the same fundamental properties that make on chain great. You always sacrifice some form of sovereignty like self-custody or permissionless txs so far. You say that, but still havent explained why. Why couldn't Bitcoin even increase it conservatively based off whatever metric was it's bottleneck (just behind bandwidth for example?) If that is your worry, why hasn't Bitcoin adopted MimbleWimble? MW is even more scalable on chain than even Bitcoin itself. Litecoin already did all the work.
Bam!
The different layers are either overpromised as hell, like self hosted Lightning (neither has the low fees which were promised, nor is it easy to use when you need to manage your own channels) Or they are owned by companies which take all transaction fees, like Liquid and they will censor your stuff when the Government wants them to. So it pushes users into custodial wallets and custodial sidechains. There goes your freedom to transact, censorship resistance and self custody. Welcome to the new bank, just like the old bank but with a new brand name.