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From: Erik Aronesty <erik@q32.com>
Date: Mon, 1 Jan 2024 11:08:29 -0500
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To: Brad Morrison <bradmorrison@sonic.net>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Ordinal Inscription Size Limits
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>
> .
>
> In the USA, where I am, large businesses like UBER, Lyft, and many major
> telecom, cable, & electric utilities process huge volumes of regular and
> irregular credit card payments on a monthly basis. Almost none oft hose
> transactions are completed in bitcoin.
>
Unfortunately block size is not the limiting factor
Main chain transactions have to be broadcast and stored on every node in
the network which, as you know, cannot scale to the level of Uber payments
Lighting and possibly ark are solutions to this problem
Both require covenant tech of some kind to scale properly (nonrecursive is
fine)
Covenant tech (any will do, arguing about which is bike shedding at this
point) allows people to share utxos and yet still maintain sovereignty over
their assets
>
--00000000000078e51a060de498df
Content-Type: text/html; charset="UTF-8"
Content-Transfer-Encoding: quoted-printable
<div dir=3D"auto"><div><div class=3D"gmail_quote"><blockquote class=3D"gmai=
l_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left=
:1ex"><div style=3D"font-size:10pt"><p>.</p>
<p>In the USA, where I am, large businesses like UBER, Lyft, and many major=
telecom, cable, & electric utilities process huge volumes of regular a=
nd irregular credit card payments on a monthly basis. Almost none oft hose =
transactions are completed in bitcoin.</p></div></blockquote></div></div><d=
iv dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=3D"auto">Unf=
ortunately block size is not the limiting factor</div><div dir=3D"auto"><br=
></div><div dir=3D"auto">Main chain transactions have to be broadcast and s=
tored on every node in the network which, as you know, cannot scale to the =
level of Uber payments</div><div dir=3D"auto"><br></div><div dir=3D"auto">L=
ighting and possibly ark are solutions to this problem</div><div dir=3D"aut=
o"><br></div><div dir=3D"auto">Both require covenant tech of some kind to s=
cale properly (nonrecursive is fine)</div><div dir=3D"auto"><br></div><div =
dir=3D"auto">Covenant tech (any will do, arguing about which is bike sheddi=
ng at this point) allows people to share utxos and yet still maintain sover=
eignty over their assets</div><div dir=3D"auto"><br></div><div dir=3D"auto"=
><br></div><div dir=3D"auto"><br></div><div dir=3D"auto"><br></div><div dir=
=3D"auto"><div class=3D"gmail_quote"><blockquote class=3D"gmail_quote" styl=
e=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex"><div st=
yle=3D"font-size:10pt"><p><br></p><blockquote type=3D"cite" style=3D"paddin=
g:0 0.4em;border-left:#1010ff 2px solid;margin:0">
</blockquote>
</div>
</blockquote></div></div></div>
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