Bitcoin Maximalists honestly discussing scaling limitations: "If you wanted to onboard billions of people, you would definitely run the risk of never having a transaction confirmed in your lifetime."

Here is something you don't see very often in Bitcoin circles. A maxi honestly disclosing that bitcoin in it's current form is utterly incapable of scaling because of base layer constraints.

The problem with the baselayer is both the block size, and the amount of circulating satoshis, and the dust limit ultimately limit how many UTXOs we can ultimately create that have bitcoin in them and how quickly we can create them. So in order to get over something like roughly 80 million potential possible UTXOs with bitcoin in them we would have to say remove the dust limit that would free up more. Even if we do that, we still only end up like 100 million - 200 million, still very low relative number compared with society as a whole. We do not end up with billions.

Even if we wanted to onboard a billion people, it would be severely limited by the blocksize. If you wanted to onboard billions of people, you would definitely run the risk of never having a transaction confirmed in your lifetime because the blocksize is too small to do the volume of UTXO creation.

So in order to actually get billions of people using bitcoin, you would literally have to increase the amount of bitcoins, you have to multiply the supply, and you would have to increase the blocksize.

John Carvalho, TFTC #281 ~80:00

submitted by /u/XMR2020
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source https://www.reddit.com/r/btc/comments/qla73a/bitcoin_maximalists_honestly_discussing_scaling/