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RE: Why it’s Still Too Soon for Bitcoin to Moon and What’s Likely to Happen Instead (backed by Math)

in #bitcoin6 years ago (edited)

Honestly I was kinda happy about segwit 2x but really sad on how the way it was done. In order for the Bitcoin LN to support the world-it would need 16 MB block limit with segwit so it would be 32 MB blocks. There is a way to scale Bitcoin to meet the 16 MB demand without using a 16 MB blocklimit and no softfork is to use Lumino protocol. And that reduces privacy of Bitcoin txs. https://www.coindesk.com/lumino-bitcoin-lightning-network-scaling-sidechain/
But then again having 16 MB might not be needed bc we did not get world adoption...
The other solution to have less block size is using altcoins and topping bitcoin LN channels.
I still think the LN is the future and there are many ways to scale Bitcoin without hardforks. Only time can tell...

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