Oddbean new post about login | logout Yes it does. LN scaled Bitcoin. How does Monero scale to the same level?
It's already widely accepted LN doesn't actually scale. If you still think so, you've been duped. “In the future, if you have this one-megabyte restricted blocksize and the Lightning Network, it is still the rich people and companies that can use lightning but the average user probably can’t.” -Tadge Dryja, co-author of The Lightning Network White Paper https://www.whatbitcoindid.com/podcast/tadge-dryja-on-the-limitations-of-the-lightning-network https://www.truthcoin.info/blog/lightning-limitations
So how come I can make hundreds of tx with only one onchain tx? You do not consider this multiplier scaling? That would be disingenuous tbh.
You're arguing with LN developers. Not me. A meager linear increase isn't scaling. Nowhere close to a "scaling solution". LN isn't able to onboard even a fraction of the world. LN doesn't even work in high fee environments (the future of Bitcoin). We get a taste of this every time blocks are full like recent ordinal craze. And that was nothing. What happens when your channel is forced closed in the future and you're back on chain again? The frequency of this and value lost increases the more popular LN gets. Channel Force Close Bot https://coracle.social/npub169n9eaf0t20j0nefwqlqtnqcpsym22k2nw6e3tevtrrru4et7wrsh5w47v
https://postimg.cc/23v8PX5f
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