Re: Dr.Craig Wright talking about the end of bitcoin next year. [No FUD here]
people will deposit bitcoins into LN. play around on LN but not want to get BTC back(slow confirms, only ~2k tx per block, higher fee's than many countries min wage). people will instead want to exit LN via an altcoin thats cheaper and faster.
Now replace each instance of "LN" with "centralised exchanges" in that quoted text and explain why Bitcoin isn't dead already. People already have the option to leave Bitcoin in favour of an altcoin, so LN will be no different in that regard (apart from the notable exception that it's better than trusting a centralised exchange with your funds). Clearly BTC still has enough value and utility for people to keep using it.
I'll demonstrate for you:
people will deposit bitcoins into LN centralised exchanges. play around on LN centralised exchanges but not want to get BTC back(slow confirms, only ~2k tx per block, higher fee's than many countries min wage). people will instead want to exit LN centralised exchanges via an altcoin thats cheaper and faster.
Definitely sounds like something that doesn't match up with reality. No wonder you said it.
