causing a transaction backlog and fee pressure NOW kills off the desire and utility of bitcoin.
How do you know? Any evidence or just more empty conjecture?
evidence... hmmm
how about people frustrated with bitcoin to such a point they are actively promoting LN....
how they are frustrated with waiting for bitcoin innovation that they are willing to losen their morals and principles and understanding of bitcoin to have a different network where funds are locked into counterparty management(banking)
every person that WANTS LN are people secretly pee'd off with bitcoin. if they were not peed off, and happy with bitcoin. they would not be so hard nose about promoting LN as LN would not be something they would want/need
This is ridiculous. I'm not pissed off at bitcoin, and I like LN because it can create great strides in scalability. Those who are truly pissed off at bitcoin have jumped ship and promote on-chain scaling like bcash and faketoshi's vision.
LN is not a bitcoin thing.
LN is a separate network for multiple coins. the onyl reason the words bitcoin and LN are currently inter-twined is purely for promotion and sponsorship stuff..
LN is just a thunderdome to let many coins IOU's(12 decimal payments) enter. and then have some coins soo expensive and so unable to manage millions of transactions a day, that people wont want to exit back out to those coins.
thunderdome 2 may enter one may leave..
its the old banking addage of gold is too heavy and costly to be a currency, so lock ur gold up with a counterparty and have them give you a promissory note(19th century banking promotion).. and if you want to convert the promissory note to coins, you may find taking silver or copper a better exit method.
LN does not scale bitcoin. it actually takes bitcoiners off the bitcoin network "to reduce the burden" (=reduce bitcoin utility)