People are simply using other blockchains that have ample transaction capacity without worrying about the insane complexly of LN.
i'm fine with that. altcoins---like any offchain protocol or sidechain---offer weaker security guarantees at a cheaper price. that's the free market at work,
and it's good for bitcoin users too.Actually it is not good for bitcoin.
What you are saying is that ,
it is ok if the majority of the car buyers buy Toyota and Chevy vehicles and quit buying Ford vehicles.
it
is okay. i trust free markets. if another coin overtakes BTC, so what?
altcoins free up block space for bitcoin users = cheaper bitcoin fees. altcoins also offer bitcoin users cheaper options where they don't need bitcoin's security guarantees.
this is good for bitcoin users.you are just taking the fearmongering position of an altcoin shill. a more reasonable position is the one held by philipma1957:
I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions.
if the majority of the crypto buyers buy Ethereum and Litecoin/Doge coins and quit buying Bitcoins.
let me know when that happens.
i think you are plainly wrong that people will stop buying bitcoins because there are cheaper/less secure options. the market has proven over and over that bitcoin users are willing to pay high fees and/or wait for longer confirmation times.
but even if you were correct, that wouldn't be a legitimate reason to weaken bitcoin's security model by bloating blocks or speeding up block times. bitcoin is not here to pander to peoples' desire for free shit. if you don't want to pay for adequate security, you can pay the consequences instead:
Two Miners Execute 51% Attack on Bitcoin Cash