Since you're such a massive lightnight fan, can you answer something very quickly for me?
Imagine Bitcoin gets very popular, so much so that 10% of the world is using it. They all will at least need to open a lightnight channel, and then settle that channel back to Bitcoin. What is the minimum number of Bitcoin transactions needed, and how long would it take to settle all those transactions? For this exercise, assume world population stays fixed at current levels.
(For those not so drunk on the cool aid, it's 6 years. 6 years minimum to settle one meaningful transaction for any reasonable number of people.)
In engineering, when there is a problem, we don't go crying about it or feel good because we have identified a bug, but work to fix it.
What you said is true. What you said will not be true forever. So it's a constant moving of the goalposts with people like you that measure everything in a vacuum and as an absolute unit.
Technology tends to improve over time. But apparently you are able to design perfect global distributed systems that are infinitely scalable from day 1, so chapeau.
As I said elsewhere, I am not invested, but I am an engineer, and I approach it as such. The kool aid is being drunk by the anti-crypto-at-all-costs cult, attacking with dishonest and frankly ridiculous arguments for people working with distributed systems and networks all day.
Imagine Bitcoin gets very popular, so much so that 10% of the world is using it. They all will at least need to open a lightnight channel, and then settle that channel back to Bitcoin. What is the minimum number of Bitcoin transactions needed, and how long would it take to settle all those transactions? For this exercise, assume world population stays fixed at current levels.
(For those not so drunk on the cool aid, it's 6 years. 6 years minimum to settle one meaningful transaction for any reasonable number of people.)