By how much do you think it would reduce the L1 load? That article suggests if you can get 10 people together it would reduce the load to 1/10, so still almost a decade. And that's iff you happen to find 10 people who fit the specific shape exactly. That's still wildly unacceptable if true, and also unbelievably unlikely.
LN has always been a "but wait! we've got a solution just around the corner - please don't give up!" feature - but there's nothing around the corner. There never has been. Not to mention it does nothing to address the quadratic routing criticism.
> By how much do you think it would reduce the L1 load? That article suggests if you can get 10 people together it would reduce the load to 1/10, so still almost a decade.
If I understand correctly the maximum number of people involved in a channel factory creation is the same as the maximum number of keys involved in a multi-signature transaction. The limit is currently 15 or 20[1] but with Shnorr signatures (that will be enabled in the protocol with taproot in November) I think there is no limit to that number.
> And that's iff you happen to find 10 people who fit the specific shape exactly.
I'm not sure what specific shape you're referring to. At the end they all need to sign a specific transaction but that transaction can easily generated by a wallet software or a service provider given all the participants' key and UTXO. They don't need to all send the same amount to the factory.
> LN has always been a "but wait! we've got a solution just around the corner - please don't give up!" feature - but there's nothing around the corner.
The problem itself (on-boarding the whole population) doesn't exist yet either. It doesn't look like a problem impossible to solve by the time it needs to be solved. And if it needs to be solved first then the whole population can probably wait for that to happen.
Not with the upcoming[1] "channel factories"[2].
[1] http://anyprevout.xyz/
[2] https://bitcoin.stackexchange.com/questions/67158/what-are-c...