Well just because of China controlling most of the hashrate and bitcoin does not mean that the crypto currency itself is destroyed.
I agree; we should just accept reality...
LN ... doesn't scale well decentralized (but we may eventually get there with Bitcoin highly centralized, although being that this is fighting for who will control it, it will not come without battles as we've seen with Bitcoin Classic and XT versus Blockstream and the Chinese mining cartel):
Now all we have to do is wait countless months for segwit which no doubt'll be batted around by the various parties too. Whoopee.
...
The mass use case of Bitcoin is very weak because the technology doesn't scale decentralized and decentralization and permissionless qualities were the original reason to want CC instead of digital fiat, and Bitcoin is a very tiny, miniscule market right now.
The less decentralized Bitcoin is, the slower its network effects will grow. Because turf battles turn it into a morass.