⭐ Merited by DooMAD (2)
Time Locking Required /Excessive time delay before Final transaction confirmed (Payout on the actual blockchain)
Lightning transactions are instant, you can do more transactions per second in one channel than most other blockchain can handle in total.
Overly Complicated to the point , Normal People will always require 3rd parties to monitor and maintain channels (IE: Centralized Banking Cartels)
The Internet is much more complicated, but see, you are using it! A car engine is complicated, but one can still drive one right?! This is a bad argument, we are able to make user friendly wallets and software that will enable your grandmother to use lightning. In time.
Price for LN offchain transactions (Promissory Notes) will still cost more than using many Altcoin's onchain networks.
Price to get a bitcoin transaction confirmed within 10 minutes cost a few cents yes, but you don't need to have it confirmed quickly when you create channels in the background. Segwit and batching transactions has also shown that bitcoin will overcome bottlenecks.
LN is acting as a Bank by offering notes redeemable in bitcoin or litecoin,
at some point at minimum all LN Hubs will have to register as money transmitters or at worse be required to hold a banking license, (Major Flaw)
at some point at minimum all LN Hubs will have to register as money transmitters or at worse be required to hold a banking license, (Major Flaw)
This is just some weird conspiracy theories. Not even going to comment on this.