Ha , No.
The Fact that Litecoin has 4X bitcoin transaction capacity ,
means the litecoin miner have the opportunity to make 4X the transaction fees.
If someone finds Litecoin to be better, they can always choose to use it the way they want. A lot of people do use it to move funds from centralized exchanges as its cheaper to do. if enough people use it and it gets as popular, who knows, it may well get to the same point as bitcoin.
The argument about lower blocktime giving more of an opportunity to generate fees is interesting though. Don't know if this is an over-simplification but in 10 minutes, it will process 4 times as many transactions getting the fees. Reducing blocktime may well be one of the scaling options in the distant future for Bitcoin itself.
The true scaling options have always been
1. Increase Block Size
2. Faster Block Speed
Nothing else increases scaling.
But define “scaling”. If it’s simply to increase the Block Size, and decrease the time between blocks, DESPITE centralizing the validators, then that’s NOT scaling. It has to improve the network’s functionality, but without decreasing the network’s security/decentralization.
Scalability is the property of a system to handle a growing amount of work by adding resources to the system.
Adding resources to a system, in short: bigger blocks or more blocks in a shorter time frame.
The flaws in your thoughts are the following.
Scaling has zero to do with security.
Security is provided in a PoW coin, by the Mining Pools that together control greater than 51%.
Size or speed of the blocks or emptiness or fullness of the block are irrelevant to the above.
# of non-mining nodes are irrelevant to the above , as they only
relay block data.
(Their is a false belief that more non-mining nodes actually help secure the network, sorry if you believe that your understanding is false.)Decentralization is a buzzword , that you use as holy scripture, when you are utterly wrong.
All that matters are the mining nodes, 1 non-mining node or 1 billion, they do nothing but relay blocks.
1 block explorer (mining or non-mining) is all one needs to see if miners modify the block rewards or code ,
just 1 , running other non-mining nodes offer no real value except as a personal receipt holders ,
which if you are not making personal transactions daily is a waste of time.
*Note a valid 51% attack will reorg the chain mining or non-mining will not stop it , only relay it.
*When Satoshi started bitcoin, all nodes mattered because all were mining.* LN, your supposed solutions is the most centralized design of all.
LN hubs have to process millions of transactions, have to lock millions of value, and need millions of users to be practical.
What institutions process million of transaction storing millions of dollars, and have millions of users. ie: Banks
LN hubs were designed from the beginning to be for bankers, as individuals will never have the resources to actually profit from them.
So LN users, you just help beta test the banks new software before they LN fee you into slavery again.
Ask yourself,
Why does Litecoin have 4X the transaction capacity of bitcoin?
Why can Dogecoin do 10MB in 10 minutes and bitcoin can't?
Why do other coins have increased transaction capacity at transaction fees ~400X lower than bitcoin.
Why does bitcoin need LN and all of the others don't?
Why is bitcoin technically inferior to these lower cost coins.
If you have a semblance of honestly , you should realize the only reason is bitcoin is being artificially limited by it's supposed developers.
Odds are you will just fall back into your bitcoin cult mantra chants, and ignore the reality facing you.
