Lightning network

[ImTree]

The lightning network is really the best way to do Bitcoin more perspective for all people in the world. I agree that it gives the speed and transaction fee can be much smaller than now. It will be really good for Bitcoin.

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[*kimcil*]

Lightning Network is the best way to make bitcoin better than before. If the lightning network will be implemented, the bitcoin transaction costs will be much smaller than before.

[Zin-Zang]

Lightning network will make Bitcoin fastest and one of the cheapest crypto. It will make manny crypto which only advantage over bitcoin is transaction fees and speed useless. It will suck money from them and pump bitcoin. Week ago i found tool to track lightning network developement progress and I would like to share it with you guys. I think its worth to check regularly.

https://p2sh.info/dashboard/db/lightning-network?orgId=1&from=now-6M&to=now

Today sum of opened chanels has value of 95 bitcoins. Its not that much but as you can see it was 75 BTC week ago and  chart looks like it could be 200 in next week. I think that ligdtning network developement is speeding up and soonly we will have great news about it and price can jump to unknown levels. And none TA will show that.

Hmm Yeah, the answer is no.

Some problems with your thoughts,

Fees
1.  LN default average fee per transactions is $0.06 and that is if only 1 hop is required.
     Litecoin average onchain fee per transaction is $0.01

Speed
1.  While LN promises ultra fast transactions , it is an offchain system , and any offchain system can process transactions in microseconds.
     Such as using any coin on any exchange that allows offchain transfers.
     So it has no real benefits over other coins.
     Now if you are a purist and think only LN offchain scaling is capable of these amazing speeds (It's not , but for the sake of your argument.)
     Even if it was, Litecoin is also segwit infected and as such also usuable on the Lightning Network.  


So while LN makes bitcoin faster & cheaper, it still does not make it faster and cheaper than all alts.


FYI:
Just for comparison sake,  
ZEITCOIN average onchain transaction fee is $0.0000025 per transaction.
For values under $20 , it is safe to wait for only 4 transactions which is only 2 minutes to be completely finished.
While with LN, you can wait up to 2 weeks to fully redeem any coin transacted on the LN network.
As you can see some alts are so much cheaper and faster, they play on a completely different level.

[DooMAD]

Fees
1.  LN default average fee per transactions is $0.06 and that is if only 1 hop is required.
     Litecoin average onchain fee per transaction is $0.01

Any coin can have cheap fees on-chain if there isn't sufficient demand for their usage.    

Litecoin's total blockchain size is 18.61 GB
Bitcoin's total blockchain size is 210.86 GB

If Litecoin was forced to handle the volume of traffic Bitcoin handles, there are two possible outcomes.  Either their fees wouldn't be so cheap, or their total blockchain size would be substantially larger than Bitcoin's currently is because of their shorter blocktime.  It's called supply and demand.  Maybe you should gain a better understanding of simple concepts like this before you go making inane comparisons that don't actually mean anything.

Litecoin is also segwit infected and as such also usuable on the Lightning Network.  

This is a positive, not a negative.  Wait for Atomic Swaps.  Litecoin might actually see more on-chain demand then.  That could be where people choose to make their micropayments.  These are the possibilities we're creating.

So while LN makes bitcoin faster & cheaper, it still does not make it faster and cheaper than all alts.

It doesn't need to be "faster and cheaper than all alts".  This is what you don't understand.  Bitcoin has a greater mining difficulty and total hashrate than any other network on the face of the planet.  It is therefore the most secure.  It seems that many users place a great deal of value in the security of Bitcoin and they're clearly willing to pay for it.  If you feel your transaction doesn't need as much security, you can do it off-chain, or use coins on another LN-compatible chain and then Atomic Swap back to BTC later when you need to deal with more significant sums of money.

As you can see some alts are so much cheaper and faster, they play on a completely different level.

A level so insignificant that no one cares about them.  

Go and play with your SHITECOIN if you think it's so much better, leave us in peace.

[junglist.massive]

Lightning network is a good thing for Bitcoin, but the implementation is still in the experimental stage that causes some transactions failed. If looking at the price of Bitcoin, the current market is still cannot response positive or negative.

[EddyGameta]

This is not a new thing in crypto, this is just a new system implementation on Bitcoin which is currently still has issues that can be seen from some failed transactions. Many users even early adopters are dubious or even reject this, some are here too, this is a natural thing, as long as it doesn’t drop the price and create a security gap then it’s a good thing IMO.