Please Just give me a yes or no answer:
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Can billions of people move BTC on blockchain without paying insane amount of fees and waiting hours, days, weeks, or even months?
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Can trillions of transactions happen on blockchain without such fees and waiting time?
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Can billions of people move BTC from Lightning to blockchain without paying crazy fees and waiting a long time? I.e, can you take back your BTC from Lightning to your blockchain wallet with low fees and seconds of waiting time?
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Can trillions of transactions happen from Lightning to blockchain without such fees and waiting time?
To me, trying to convince billions of people in the world to use Lightning for their BTC is like trying to squeeze an elephant into a can of soda that can’t increase in size (soda can is the block size).
The Lightning solution is like chopping an elephant into tiny pieces and hoping that you can still squeeze all the elephant meat into the soda can. It can happen but you have to wait until other people have finished putting their portion of elephant meat into this tiny can and it can take several years since the can (block size) can’t hold billions and trillions of elephant pieces at the same time.
Let me know if you disagree. I really want to like BTC but I just don’t see how it can scale to global level of billions of users and trillions of transactions.
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source https://www.reddit.com/r/btc/comments/q27umy/can_btc_lightning_scale_to_billions_of_users_and/
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