My point is LN is not being used on a wide scale. If it were to be all the problems would be glaring. You have to be online to receive payments and you need money to receive money, just these two alone are a non-starter for 99% of people. Not to mention you have to run a BTC node and an LN node to open a channel, if LN is ever used it will be fully custodial. The LN whitepaper even says the base chain would need >100MB blocks for LN to work on a wide scale. It is a dead end and a stall tactic.
BTC has been diverted from the original plan of making it a p2p e-cash into “digital gold”, every decision and advancement BCH has made improves the e-cash use case. I am of the opinion that bitcoin needs to have instant ant extremely cheap transactions that is why I am in BCH.
BCH has been under constant attack for years following the split, because BTC has been favored by the banking cartel with their unlimited resources, and had to split two times again because of bad actors, about 3 years ago things have settled and the tech has rocketed ahead, it is vastly superior to BTC. It will take some time but people that are in BTC who believe Bitcoin should be like cash will switch to BCH, especially as they see no real adoption and the failure of LN become obvious.
Once transactions are instant and near free on BTC then I will admit I was wrong.
My point is LN is not being used on a wide scale. If it were to be all the problems would be glaring. You have to be online to receive payments and you need money to receive money, just these two alone are a non-starter for 99% of people. Not to mention you have to run a BTC node and an LN node to open a channel, if LN is ever used it will be fully custodial. The LN whitepaper even says the base chain would need >100MB blocks for LN to work on a wide scale. It is a dead end and a stall tactic.
BTC has been diverted from the original plan of making it a p2p e-cash into “digital gold”, every decision and advancement BCH has made improves the e-cash use case. I am of the opinion that bitcoin needs to have instant ant extremely cheap transactions that is why I am in BCH.
BCH has been under constant attack for years following the split, because BTC has been favored by the banking cartel with their unlimited resources, and had to split two times again because of bad actors, about 3 years ago things have settled and the tech has rocketed ahead, it is vastly superior to BTC. It will take some time but people that are in BTC who believe Bitcoin should be like cash will switch to BCH, especially as they see no real adoption and the failure of LN become obvious.
Once transactions are instant and near free on BTC then I will admit I was wrong.