i find it funny people think you retain 100% control.
if you ever did then the other person wont know if your spending funds secretly elsewhere..
it needs to be co-signed to prevent you spending elsewhere.
And apart from "
herp derp blocksize increase", how would you have created a better LN?
i know we are all frustrated. we all thought we found the red pill to the banking matrix. to then be told there is a wonderland for alice but it just leads back to how banks work. i understand the frustrations.
i understand the path of frustrations
banks have broke use bitcoin
bitcoins broke use LN
LN's broke but bitcoin is broke and expensive use an alt (thats next stage: dont get ur gold out fortknox. have some nickel coins instead)
yes i know the devs are pushing people in circles and into new rabbit holes that promise wonderlands leading to more rabbit holes
maybe first its best you use LN. and not for the one time utopian scenario of everyone needing to be online is online for that 1 time blissful experience of seeing them say yes in milliseconds. but seeing the flaws.
LN is not a sole feature for only bitcoin.
imagine it this way.
your a stunt driver. you have a bitcoin car. but you want to drive a lightning car and test it out. it has all the bitcoin and litecoin and other altcoin sponsorship stickers on the lightning car and has been promoted as the fastest car there is
but to drive it. you need to put your bitcoin car up as collatoral for insurance purposes and lock it up in a factory.
and now you can drive the lightning car... but remember its not your car. your driving a different car and have a navigator sat beside you.
your car is locked away in a factory of lightning.. it too is not on the lightning track or able to move on the bitcoin network.
the car your driving is not on the bitcoin road network. its on its own separate track.
you no longer have the only set of keys to your bitcoin car.
actually play it out in real world scenario of a month.
preplanning spending habits to know whats best to deposit.
spreading it across channels
knowing others will spend your funds because your on their route
people not always being online
people not always being well funded
the LN dev admit there are flaws. its about time the community admit it to and stop promoting it the wonderland to alice.
remember its just a vehicle. and other people will use that vehicle. people from litecoin town will use the vehicle.
as for those that think bitcoin is broke the whole emotion that bitcoin needs a different network is a massive facepalm.
if you want to concede and think bitcoin is broke and needs another network. the go play with another network.
meanwhile those that actually care about the bitcoin network will concentrate on the bitcoin network. not trying to make other networks better, but call out where bitcoin devs are causing issues
so before hitting the reply in frustration at me. take a step back. have some coffee. and relax.
actually think about these questions.
a. do you want to concede that bitcoin is broke and needs people to move away from bitcoin and use other networks like LN rootstock and bakkt
b. would you rather have all the devs return and only innovate the bitcoin blockchain for pure bitcoin mainnet utility. or promote other networks and let bitcoin stagnate to make these other networks look good
take a deeper step back and really ask
is the whole bloat up a new tx format to peal off a few bytes and hide them elsewhere.. and then 4* legacy tx's to make the pealable tx format look better and all the other convoluted code any less 'herpa durpa' then just allowing segwit AND legacy to fully use the 4mb area the devs now say is ok...
get rid of the 4x wishy washy tweaking and just treat the bytes of a legacy as a bytes. and the bytes of a full segwit as bytes and just let the network have extra capacity. upto a lean 15k+ instead of 6k+ and then grow the capacity over time.
(unless your going to cry that livestreaming and playing HD online gaming running around, firing at targets while also on teamspeak is broke because millions of people cant.. blah blah blah false arguments about internet limitations and computer limitations of pretending we are in the 1990's floppydisk era)
P.S
you can buy coffee without needing multiple co-sign channels and without multiple tx's onchain.. its called buy a starbucks giftcard as then your just in a simple partnership with stabucks spendin what you need without the headache of others raiding your funds on your route or needing to watch raw tx data incase the partner makes you sign something by mistake
but hey if you want to keep thinking bitcoin is dead and the only option is other networks. you go play that game.