Quote from: franky1 on December 23, 2021, 10:17:28 PM

i dare anyone to try today to lock up 100btc and make a LN payment to a destination(not their co-channel partner). see how well LN works. or more precisely doesnt work.

a solution to a payment system is not a system that has for example 90% fail rate of pizza amounts in 2018. and 70% fail rates of under 0.09btc in2021.

in bitcoin. i can send $10 amount or $1billion+ and know its going to get confirmed. no ifs or buts or maybe or praying that there are people around to accept/pass the parcel.

Why are you clowning dude?

You cant be serious. LN does not have a 70% fail rate lol.

And when your example of LN not working is sending 100 btc (currently over $5 million worth of bitcoin!) it is easy to see you aren't trying to make a serious point. LN isnt for enormous transactions. It's mostly for daily transactions. It's for sending maybe half a bitcoin or 0.1 btc or 1000 sats or 10 sats. Not 100 btc lol.

Just as you said the base chain is for sending $10 and up, LN network is for sending let's say a few thousand dollars down to a tiny fraction of a cent. LN isnt for sending millions or billions of dollars in a tx just like the base chain isnt realistically reasonable for sending something less than in the 10s of dollars because then you get a high % fee.

You just seem to not understand the point of LN. It's not some non-btc thing that is trying to compete with btc. It's literally just a network built on top of the bitcoin base chain to broaden the scope of the types of payments bitcoin can do. Base chain can do transactions that dont require immediate settlement and is only reasonable to use for payments minimum in the 10s of dollars. LN is for transactions that require immediate settlement (like buying something in person) AND/OR for smaller transactions like the kind people do on a daily basis.

LN broadens the scope of Bitcoin's abilities.

You wouldn't want to use the base chain to make daily purchases, that's what LN is perfect for. You wouldn't want to try to use the LN to send $5 million of bitcoin, that's what the base chain is for. They complement each other which is the whole point, and there is a nice overlap where if you want to spend $100s or $1000s of dollars in a transaction either L1 or L2 would work very well so then it just comes down to whether or not you needs LN's insant finality or not and whether you care about saving a few bucks by using LN for such a large tx.