Just a breif: The Lightning Network was literally the technology needed to enable Bitcoin to be adopted as legal tender at nation-state level.
Nope, no, not at all, nothing like that..
It is a game-changer homies and if it can get even more adoption, it can create further waves in many nations, especially those with truly decimated centralized national Fiat currencies.
Bitcoin hasn't been able to do so on it's onw while fees where at 1 sat/b, the simple fact that we had months of half empty blocks is proof that the view has complety shifted from a p2p currency and payment method to investment, and investment doesn't need fast cheap tx.
Why are you going to pay for everyday payments with something that in a year's time will easily be worth 3 times more and keep the fiat currency that next year will have a real purchasing power of at least 10% less?
Because if you have bitcoin and fiat to pay for that coffee you can
- spend the fiat and basically do nothing for adoption
- buy bitcoin with fiat and pay with that coffee with LN, you still keep your previous stash intact and you use the fiat you were spending anyway
People don't forget with LN, currently there are 16,583 nodes with channels.
It's the sum that matters, looking at the numbers right now we talk about $200 million circling around.
For comparison, Walmart sells $2 billion worth of stuff a day, brining LN closer to Starbucks if!!! all those 200million would move at least once every day, but we know it's not happening!