So this miracle fix.
Question:
Say you open a channel with a friend and you put 1 btc in there. How long are you going to leave that btc locked up in that channel? Fee to open channel and wait 3 days. 1btc locked up. Fee to close channel and wait 3 days for your money/btc.
You own a coffee shop. Your customers open a channel with you and input 1 btc as their balance. How long are you going to extend them iou credit for? 30 days? How do you pay your bills in the meantime? You have $0/btc cashflow cause the channel is all ious So this customer gonna pay fee to open channel, wait 3 days. Make 30 transactions. Close channel pay $$$ and wait 3 days for it to close. Because you need your real btc/payment.
So now they have to pay $$$$, to open channel again, wait 3 days and repeat.
Clap, clap, clap. Awesome fix.
Your being sold a scam (ltn) . This could work for inter-company stuff where they shift around and account for on their books, but they would just use their own coin/network/ripple at that point.