Smart contracts like ETH uses to support other alt-coins, yes i understand you now but whats held in these
LN ledgers is not the original coin so it must be fake BTC or IOU's like i was saying

These special LN nodes that i take it are not full nodes must have the power to move coins out from our wallet
that's held on the main BTC block-chain during settlement so how can they do that without having our private keys ?

Paying money in no trouble but unless our new special wallets are programmed to automatically settle up at the
end of the month then how do we pay the balance/bill (That are a month late)  or do we need to deposit BTC at one
of these banks.......err..........sorry Hubs as working cash flow if no one is giving us IOU's

of course in a trustless system no one is going to let you spend over your agreed spending limit unless, well unless
they can charge you interest and re-name it as a transaction fee in the process.

Are you sure these hubs are not mini banks with counter risk that are being hidden under the BTC network with some kind
of dare I say it, trust relationship between client wallets and each other LN nodes or sub-branches 

if I owe $100 in the LN network then a constant check could be made on my main balance to ensure that I have the
money in the main account to cover the debt and somehow that money could be locked only if I try to move it I guess
Yes I think i am getting close here !
Little to no counter risk in that case for the LN Nodes, no cash deposit needed and the LN nodes will always balance
down to zero so no funny money is flying around.

Who's paying the $45 transaction fee at the end of the month to the miners during settlement or do we get some type of
special discount as compensation for this fix even if we only spend $1 using LN because that get us back to something that
feels like a bank charging us fixed fees on the account ?

Interesting solution to a problem that should not exist so maybe we get a new "Settle up button" that uses the channel to our trusted hub
and get to say ourselves how often we press it and get charged in the process

Feels like the LN Node are really full nodes, makes sense but are running an extension which are not really smart contracts
(Buzz word) at all and won't really commit anything to the main BC so I would be safe buying my weed each week using
such a service !

Will need a stitch up between LN nodes and full BTC nodes (Might be same machine or even process) but adding locks to wallets might
not be a bad plan and something that i can live with so how close are we now ?