there are many flaws in LN
first is people dont realise bitcoins never EVER leave the bitcoin network.
That's a feature, not a flaw. By design. As intended. Which is why it's not an "altnet".
so you admit that there are no bitcoin on LN.. ok one step forward.. or was that a foot trip forward,oops you slipped. but thanks for the admission you admit that bitcoins dont leave the bitcoin network.
LN is an altnet because its a different network. its own name indicates it.. hint: the N of LN
its an alternative.. it is not the bitcoin network.. it is not bitcoin!! it is a separate network
people call it (...) "the layer ontop".
It
is a layer on top. And not necessarily the only one. I can't recall a time where you've never managed to convince a single person otherwise. Consider finding some more convincing arguments rather than repeatedly trotting out the same tired old lines. "Layer" is a perfectly justifiable description of LN.
gotta laugh at this one: "ontop"
so LN is physical? like an object..?. like a slice of ham ontop a slice of bread.. can you see it in the real world.... nope. its all digital..
LN is actually a digital bridge between multiple blockchains. AKA between beside.
you want to define it as ontop. because thats the subliminal words of being top(best/above/better)
LN can function without bitcoin so it does not rely on bitcoin. people can still use their exact same software they have now, but with other altcoins.
its not a LAYER EG the skin of banana.. because LN is not a protective thing of bitcoin alone. if anything its a branch of a tree that links many fruits together. not the skin(layer)
its funny how they choose "ontop" and "layer" instead of the more widely accepted term "edge".. but yea, having an alternative network at the EDGE doesnt spark the same subliminal imagery as being "ontop"as for your many posts in many topics pretending it is bitcoin.. well. standard logic, code and just knowing how LN works says the opposite
LN unit of measure when it makes invoices and payments is not even bitcoin unit measure. its msat. the payments are not bitcoin transaction formats but "sphinx onion packets" in a completely non-bitcoin format.
these msats dont even have any network security to ensure that 1000msat converts to 1sat when transitioning from the LN payment to a commitment.
when you make a 5 hop onion packet.. it might show
B gets 5005 C gets 5004 D gets 5003 E gets 5002 F gets 5001 G gets 5000
but there is no security to ensure that your payment which you peg at 5000msat=5sat ensures that CDEFG also converts their balance to be 5sats. they may end up having different commitments broadcast because their wallet has different pegs..
there is no network audit/consensus/ security that when A wants to send 5 sat to G but uses LN to do it. that the conversions are adhered to underneath the GUI by noob users that cant/dont review code of the wallet they were advertised.
be honest. every payment event. do you check the raw commitment and arrange the 'bucket'(LN word dont blame me) into a bitcoin transaction to then check that the numbers correlate.
noobs dont. and im sure you dont regularly check incase an update or patch or trojan didnt edit the peg.
heres the last funny
(subtle hints that LN is bigger and better and ontop, above bitcoin) suggesting bitcoin is broke/not fit. dead
You keep claiming that other people are suggesting that, but I only ever see such comments from people who are misinformed about Bitcoin.
doomad. you literally were one of the people misinformed that called it ontop!!! you make it your mission to call out the flaws of bitcoin saying it cant scale and not fit for mainstream.. yes YOU. go read your post history(incase you have amnesia)