Is it time to increase the blocksize cap?

This analysis highlights a significant limitation in current blockchain technology, emphasizing the time it would take to onboard the entire global population onto the Lightning Network under these specific conditions. The assumption leads to an estimated duration of seven years required to integrate every individual into the system, assuming that no channels are ever closed once they are opened.

This scenario underscores the need for improvements in blockchain scalability and efficiency, pointing out the impracticality of current systems to meet global demand instantaneously. It raises important questions about the future of cryptocurrency adoption and the technical hurdles that must be overcome to achieve widespread usage and acceptance. The examination of such a hypothetical situation sheds light on the ongoing challenges within the blockchain community concerning user accessibility and network capacity.