Interested to hear how his favourite coin Monero is planning to scale..
I think he turned a leaf a while ago and said that he was more inclined towards Bitcoin now.
Bitcoin and Lightning don't scale either so...
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
Darkness falls across the land, A fearful night of magic wands. The air is thick with enchanted light, As heroes face their greatest fight. In a far-off land beyond our sight, A young boy seeks his destiny. He must defeat an evil foe, And save his kingdom from its doom. With courage in his heart and sword in hand, He marches forth to certain stand. The air is thick with enchanted light, As heroes face their greatest fight.
By not actively pursuing global adoption and not having wizards, contracts, images and data being inscribed on-chain. A pure peer-to-peer censorship-resistant digital cash system that already scales for its planned use case
It doesn't scale, so there's that..
Monero transactions offer the most cost and space-efficient transactions, at 1,419b in size with a median cost of $0.056, support the most Bitcoin-weighted TPS when comparing “reasonably private” spends with 2min blocks and an initial median of 300KB and a hard cap of 2x median, and lowest chain growth of 0.46GB/d. Monero has significantly shown to scale better than every other alternative as transactions [0] and adoption, notably dark market adoption [1] continue to increase. All data is available at https://sethforprivacy.com/posts/comparing-private-spends/#results [0]: https://moneroj.net/translog/ [1]: https://moneroj.net/dread_subscribers/
That's because no one is using it. If more people would use it, you'll run into problems fast.
What problems?
It can't scale.
You said that already, you said it can't scale so if people tried to use it you'd run into problems. What problems?
It will become unusable and centralized as it can't scale. That's obvious, no? https://nitter.net/giacomozucco/status/1749150808782839895#m
"Nooo you can't look at literal adoption charts and metrics like https://moneroj.net/dread_subscribers/ or https://moneroj.net/translog/ to form opinions. You must listen to what podcast influencers, non-developers, non-FOSS advocates have to say" https://image.nostr.build/5556ec4e8ddfb30ac082707f2a664f5b7742a0a94113aa4a298f43778c844dc5.jpg
No it's not obvious, I'm trying to understand exactly what you'd expect. You already linked to that tweet. I'm beginning to think you don't know what you're talking about. You keep avoiding answering my questions and just say "it can't scale" but that tells me nothing except your preference. If I were new to all this stuff and curious asking you what I'm asking you, your responses would lead me to distrust you. You should know the details of what you're talking about if you intend to talk about it.