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Lightning Network is A Disaster Story Painted as Money Innovation

Is Lightning being promoted against the working but smeared competition because Lightning is no threat to the old world payments industry? 

It looks very much like a shadow banking system - the kind which trigger the 2008 mortgage crisis

  • monopolistic
  • no insight into open channel transactions
  • friction onboarding and offboarding
  • hubs as central points of failure
  • algorithms instead of regulators - one a private authority, the other public
And what about how and end user will see it?

See here from GROK: https://x.com/i/grok?conversation=1988207931767079114

  1. Scaling: Worse than the base layer in real life operations at an average of 1 transaction per second, compared to 7 max for the base layer
  2. TX Reliability: Is unreliable compared to 20th century payment systems (98-99% transaction success rate)
  3. Cost: Not yet micropayment (1 cent per transaction on average)

Final Verdict: Good Enough for Growth, Not Yet Visa-Killer

So is this why BitcoinSV and Craig Wright have been smeared? 

BSV works already at high scale, cheaply and reliably, with no complexity in UX or wallets. 

Is Lightning being promoted against the working but smeared BSV competition because Lightning is no threat to the old world payments industry?

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