https://www.brainyquote.com/quotes/henry_ford_136294It is well enough that people of the nation do not understand our banking and monetary system,
for if they did, I believe there would be a revolution before tomorrow morning.
Henry Ford
updated:
It is well enough that people of the world do not understand our Lightning Network Offchain system,
for if they did, I believe there would be a revolution before tomorrow morning.
Translation: You and franky1 would ideally like to incite a revolt by lying to people. You're both doing everything you possibly can to convince people that off-chain is akin to the traditional fractional reserve banking system. The only conceivable way the two things could ever be considered the same is if your bias is blinding you to reality. Anyone who isn't harbouring your deep-seated hatred simply isn't going to see it how you do.
Developers understand the damage that would be caused if Lightning ever were to turn out to be the horror show that you and franky1 already attempt to portray it as. They haven't poured countless hours of their time and effort into it just to make something that would fail. The development will continue, the userbase will keep growing and none of your scaremongering will change that.
Translation Doomad is a Bitcoin Nutjob.
You seem to ignore the fact, it is the LN developers proposing updates that guarantee that LN is a fractional reserve.
Maybe you should contact the devs in the links and tell them to shut up.
Even if they do shut up, fractional reserve is only a small software change away,
the blockchain prevented that, go offchain and it is only a matter of time.
Plus many will use LN, they just be too stupid to know it is a fractional reserve, just like the banking system is one.
Where your confusion keeps thinking , I said LN would die , is in your own fantasies,
I said it was too late for that.Also in your confusion, you can't grasp LN is not bitcoin, LN is a 3rd party offchain
IOU network.
Litecoin users are not so stupid to claim LN is litecoin.