Lightning Network is a place for fastest reliable BTC trans. The lightning network works smoothly and It made BTC transactions faster than before. LN may be able to make a slide or more change in BTC price as having a fast rout in transactions. But it is true that it has no ability to make BTC market boosted or changed overnight. We should always be positive.
LN is not the fastest or reliable 3rd party payment service.
It is a buggy (in some cases money losing) 3rd party payment service.
Using some exchanges offchain transactions is faster & more reliable than LN.
Some will argue an exchange is more centralized, but exchanges do not require time locking for hours or weeks at a time.
With a exchange , I only need to send the amount I spending at that moment , with LN you have to lock up larger amounts of funds for much longer periods.
Also even LN developers admit , it is not fully safe yet and some lost money which will never be recovered.
https://www.trustnodes.com/2018/03/26/lightning-network-user-loses-funds
But some people lie and act like LN is running perfect when it is not.
Lightning network is a 3rd party offchain payment system
Would you care to name this supposed third party?
LOL, LN Hub operators.
Serious how did you not know that?
Guess it won't be apparent to you even when the LN Hub is Named Bank of America.
Guess it will never be apparent to you that you don't have to route through a hub if you don't want to. Try actually learning how it works instead of repeating the crap you've absorbed from reddit. It's as peer-to-peer as you're willing to make it.
I mean, perhaps you might need to rely on a hub, since you don't strike me as the kind of person that people would voluntarily want to associate with, let alone transact with.
Seems like you've spent too long looking at franky1's bus.
Franky1's analogy that LN is Banking 2.0 is accurate, too bad that is beyond your ability to understand.
The last beta code , I played with was OS/2 . I don't waste my time on beta code anymore.
Having someone claim every problem that arises, well it is beta, gets pretty lame,
get the shit working or don't release it to the public as I am not wasting my time fixing their lousy programming for the new banking system.
First you push hubs, then you claim users should just transact between each other.
Do you seriously think individuals are going to waste all of that time and all of the hassle transacting in LN offchain crapshot, when they can just transact onchain.
We use Alts ONCHAIN to transact as they are faster and cheaper and EASIER than wasting time on LN's beta crapshoot service.
Your False Religious Beliefs blinds you to the reality of how bad LN sucks and the fact no casual users will ever run hubs or transact at that level.
John Q. Public wants easy / quick / simple transactions without needing a PHD to use it.
(LN is none of those things.)
Without being easy for the consumer, mass adoption will never occur, and bitcoin will continue to be a greater fool's game for naive geeks.