The r0ach report 41: Lightning Network is a fraud and why I don't trust anyone in the Bitcoin space

People who pretend lightning network is a valid scaling solution for bitcoin to be used in day to day transactions and mainstream adoption are conmen IMO. It has some benefits like doing instant arb between exchanges on the back end and things like that, but that's it. It is not something for normal people to use to buy something at a restaurant. Jihan Wu was not lying when he said the benefits of LN were vastly overstated and the cons vastly understated.

Your 80yr old grandmother is supposed to not only figure out how to use the vastly more complicated LN and have 2000 channels open at once to the dentist, grocery store, and random cat food dispensery she visits sometimes out of town, but she also needs to divide her entire bank account split into 2000 different piles, lock them into those separate channels that can't be combined to spend at once, then hire a 3rd party to watch the channels for her 24/7 to prevent the channels from being robbed.

There's a million different problems with LN and why it's useless for mainstream adoption, but liquidity alone and having to split your bank account into tons of uncombinable channels is why the physical manifestation of Lightning Network could NEVER be anything but the following picture: the cashless society control grid the bankers always wanted.

This is why I do not trust anyone in the bitcoin space. There is no way in hell bitcoin developers or people who work on LN don't know this. It's unworkable any other way.