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RE: Is Lightning Network a banker controlled implementation of Bitcoin?
There are apparently some people in Blockstream associated with the Bilderbergers, but so far their commits to the open source github aren't proprietary. If they go against the current rules then a fork occurs. I can't see the banks forcing a FedCoin onto core without it becoming completely obvious what they are doing and then losing all of their following.
Did BCH figure out a way to keep increased block sizes from centralizing mining?
That was segwit, the biggest fundamental change to how bitcoin works and how it is intended to work. They forced the minors to accept it which is against the whole governance of bitcoin is supposed to work. Not to mention that anyone that spoke out against segwit was shouted down and censored (not on steemit of course). The whole thing was very fishy. I don't know if it's necessarily a "take over" of bitcoin but it sure is screwing up how well it works. The original plan was to increase block sizes when that was necessary. Storage is cheap and gets cheaper every year. Even at 1 GB block the storage wouldn't be the issue.
As far as block sizes centralizes mining, as far as I understand it, proof of work in general (as it is currently done) is what causes centralization. The storage isn't the limiting factor for people wanting to get into mining it's the hashrate/electricity.
That all being said, like I said in my other reply I think both segwit and increased block sizes are poor solutions and will be overtaken (hopefully) by some of these new ingenious ideas. (Cardano is my favorite right now but at the speed that this stuff changes I'll probably have a new favorite by dinner!)
Actually the biggest problem with this...
Right, but try fitting giga - petabyte blocks through your internet connection. I think the inventions of Dan Larimer (which have already been tested in Steem and Bitshares and likely succeed in EOS) have solved the transaction speed problem. Market cap will likely flow into the alts this coming year... What does Cardano use for PoW replacement?
Good point! We don't know how well the internet speeds will scale.
Cardano currently uses some sort of proof of stake that randomly selects the next block leader with the bigger stakes getting a bigger probability of being selected. I'm just starting to research it more deeply but this video really got me excited!
https://www.cardanohub.org/en/what-is-cardano/