we find different ways on how to gain and to be practical.
Let us be very careful about this in terms of improving Bitcoin. It might be in our too much pursuit of practicality that the ideas of Satoshi Nakamoto might die. Sa LN design pa lang, posibleng makapasok na ang mga banks and other huge companies eh.
Even SegWit, hindi naman talaga siya part ng protocol ng bitcoin pero we still use it for practicality. Sa fact na binigay ko na 1mb lang ang kaya for each block but because of SegWit, It has the ability to create multiple transaction within 1mb lang. So I'm not really against with Layer 2 solutions like LN, SegWit and other stuff kasi It doesn't really affect the price kasi sobrang daming user pa rin naman ng BTC, it's for the satisfaction of the other users.
Ang SegWit hindi layer 2 solution yan. It is a layer 1 solution. It is an improvement done within the main protocol of Bitcoin. Dahil sa SegWit mejo lumaki ng kaunti yung capacity ng blocks. Pero the size of the blocks remain the same. My support for SegWit is all out of course. Wala naman dinagdag na third party kumbaga.
Additional, I think LN doesn't really affect it but if do, it shouldn't exist. Yung protocol ng Bitcoin or ng Blockchain mismo are the things we should follow and those Layer 2 solutions are just optional if you will use it or not. Kasi kung yung layer 2 solutions ay na-adopt ng Blockchain, why not diba? Kung gusto may paraan pero I think the compatibility are not quite good. Ang nagiisang con lang na pumasok sa isip ko is advantage ang LN sa ibang alternative coin pero I think mahihirapan pa rin sila ma-surpass yung BTC through that. For example, Bitcoin Cash have a lot of TPS, 100+ transactions per second pero nalagpasan na ba nila yung Bitcoin kahit na 7 TPS lang 'to? Hindi diba. Kaya I'm still being positive to those layer 2 solutions like LN and SegWit, choice na rin naman natin if we will abandon BTC or not. Marami pa ring nagsti-stick sa BTC even it lack the features na meron sa ibang Cryptocurrency.
Before Satoshi left, he entrusted Bitcoin to this man
Gavin Andresen, with the instruction na kapag kinakailangan, since darating din talaga ang araw na dadami ang users ng Bitcoin and therefore ang transactions din, maaaring lakihan ang block size.
Dumating na nga ang araw, we are now trying to target a million TPS capacity or even unlimited pa nga kasi we are looking at the global market, ala Visa or Mastercard style. But instead of increasing the block size, ang ginawa dinagdagan na lang ng isa pang network alongside doon sa existing network.
Ang pangamba ko rito is that LN by design needs networks of channels na dapat may lamang BTC kasi nga ang takbo ng isang transaction ay parang utang at once wala o kulang ang laman ng isang channel na dadaanan, hindi mangyayari yung transaction. So kailangan laging fluid para tuloy-tuloy ang transactions. At dahil millions ang target ng transactions per second, ang maaaring makapagpondo lamang ng malaki sa kanilang mga channels ay ang mga mayayaman. Posibleng mga bangko o mayayamang kumpanya.
So ganito ang magiging itsura:
(Taken from:
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800)
Ganito kasi ang takbo. Halimbawa,
si Pedro ay magbabayad kay Maria ng 1BTC worth of goods. Gamit ang ruta ng Lightning Network, madadaanan si Juan at Karim bago kay Maria. Kailangang si Juan at Karim ay may 1BTC din. Otherwise, hindi maeexecute yung transaction. Kasi nga parang utang, yung 1BTC ni Juan ay mapupunta kay Karim at yung kay Karim naman mapupunta kay Maria. Pag natanggap na ni Maria, saka pa lamang aabot yung 1BTC ni Pedro kay Juan.