What kind of importance a dynamic scaling algo has, becomes visible when other chains fail to deliver. Interesting, that all the vocal BTC maxis stay silent in the thread on Twitter.
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Now Bitcoin's mempool hit the extended 1GB mark of modified clients with ~400k unconfirmed Tx. A standard Tx cost is almost $10, while a LN channel opening is more complex and expensive. How to bank the unbanked? Custodial which will end up like today's banks? I chose #Monero. pic.twitter.com/TK65scXYUD
— Paul Janowitz (@janowitz) May 7, 2023