If what I am saying here is correct then these external chains can use the same coins over and over again with no actual bitcoin being used at all in any of the transactions which also means that I can pretend to have a 100 coins but only really have 50 and so long as I can account for those 50 coins at the end of the day it does not matter because the main BTC block chain has not changed.

It also means that the so called decentralized Bitcoin and attending block chain are now a centralizing feature and the solution has become the problem.

Thank you again.