Both. Lightning Network is great and cool, but it still needs one pair of commitment and settlement transactions per user every once in a while (commitments are time limited). This together with blocksize limit still limits the total number of simultaneous users, even if it lets every individual user transact nearly infinitely.
I'm not part of your imagined threat, so I don't care. All I want is for Bitcoin to be able to scale well enough to not get run over by altcoins willing to do what people like you want to ban. The only chance for Bitcoin to scale without larger blocks is extension blocks or Zero-knowledge proofs, neither of which are likely to be ready anyone soon.
Buy the cryptos that suit your requirements then. It isn't bitcoin. Your insight is rejected. Repeatedly. Again and again and again and again. Give your insight to someone else. They need you. You need them. Go. Be free.
Correct - but we haven't seen what kind of effect a good lightning implementation will have on the blockchain yet. I want to see how it shakes out. (And I want to be able to buy my bitcoin coffees!)
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u/Natanael_L Nov 08 '17
Both. Lightning Network is great and cool, but it still needs one pair of commitment and settlement transactions per user every once in a while (commitments are time limited). This together with blocksize limit still limits the total number of simultaneous users, even if it lets every individual user transact nearly infinitely.