"Bitcoin scaling" Lightning network is not the solution, BCH is

Satoshi Nakamoto's white paper aimed at an electronic payment system based on cryptographic evidence instead of trust, which allows any two parties willing to exchange value directly without the need for a reliable third party.

Going by the above, and what is happening with BTC today, it is very clear that BTC maxis are bringing trust back into the system, with Lightning Network, and sidechains like Liquid, or Strike. All of these are bringing back what Bitcoin was made to destroy in the first place- middlemen that can reverse transactions and increase costs hindering small casual transactions over the internet.

The current implementation of the lightning network is a huge joke. It is not doing what it was designed to do. The whole idea behind it was to make BTC more scalable, and accessible at minimal fees. The only way for this to happen is by adding trust. The trust must be put in the centralized hubs that are being created to support this network. If you think that the fees are not that high at the moment, just wait until the network becomes fully functional.

The one thing that people forget about Bitcoin is that it was designed to be peer-to-peer electronic cash. It's supposed to function without needing anyone or any central entity to broker transactions or to take any fees for them. It's supposed to be all decentralized, which is the reason why so many people were so excited about it in the first place. Unfortunately, because of how BTC works at its core, trust still has to enter the equation somehow.

The lightning network is a joke because it separates Bitcoin from being a Decentralized peer-to-peer Electronic cash system for the masses.

In my humble opinion, the lightning network is never and can never be the solution to Bitcoin adoption because of its so many shortcomings, such as:

1. Incredibly slow confirmations.

1. High fees.

1. Slow transactions.

1. You can't send microtransactions because of the minimum amount of bitcoin required to open and close a channel.

1. You need several parties (channels) to send and receive transactions, which means you will not be able to interact directly with others but through a few intermediaries.

2. You need a node that will be open 24/7 and requires large amounts of bandwidth and disk space as well as an always-on internet connection (which is impossible to do in so many parts of the world.

3. It doesn't work on android or iPhone or any device that doesn't have the full node software running, many more disadvantages I cannot name here.

The lighting network removes all the advantages of using Bitcoin. It is very expensive. This is why the Bitcoin cash network is the real deal for Bitcoin adoption in the world.

I am tired of people saying that the lighting network is good for Bitcoin adoption. It's nothing but a joke. It's so expensive to use! The Bitcoin cash network is more suited for the adoption of the world. If you use Bitcoin cash, it's almost free to use, you can send millions of dollars for almost nothing. Compared to the lighting network, it's more than 100 times cheaper. And it works very fast, that's why bitcoin cash is the true bitcoin network.

The lightning network is not even the final step in the development of BTC and LN and their future potential can be compared to the Visa and PayPal networks, which we use today. The Bitcoin cash network is the perfect fit for Bitcoin adoption.

Bitcoin cash does it better. The fee is negligible compared to the lightning network. However, the future of the lightning network is uncertain with setbacks and doubtfulness. The network operation has three states: open, closed, and failed. From Bitcoin magazine.com, the operation of the lightning network has been in a failed state since its birth in December 2017.

Bitcoin cash was born in August 2017 and since then, it hasn't had any problem with its operation. With Bitcoin cash, you can make transaction 24/7 without worrying about something terrible happening to your funds.

Bitcoin is designed to remove trust, but as things stand, BTC destroys the very reason why it was created in the first place. With El-Salvador experiment with the Chivo wallet, a wallet build on the lightning network, it's a clear case of the dog returning to its vomit. Now, even in that country where there is little trust in central government and banks, BTC has failed to enable commerce. If we look at the Chivo operation in Elsavaldor clearly, none of those businesses accept any other form of payment than fiat money. Fiat is still their option. Now, it makes no difference, with BTC, things still operate the way it has ever been in the world, a way to earn more fiat money.

In this regard, the lightning network offers nothing in reality. The world is still going for fiat money. Hell, BTC developers recommend using a lightning network! Nobody uses BTC, you save your BTC, and one day you change it to make fiat money after you think you have made many gains. In this model, crypto is just a way to earn more fiat money in the future. The world financial system is still going as it always has, with new precious metals from which to invest. In the end, nothing is disrupted. If this is what Bitcoin means, it means it is over-rated.

But that is not what Bitcoin should be about.

What made Bitcoin unique was the ability to send money to anyone, anywhere, almost instantly and cheap, and to use as cash. The more Bitcoin can be spent like cash, the more you can completely withdraw from the legacy financial system. "Earn from Bitcoin, save on Bitcoin, spend on Bitcoin", and never touch fiat money" is the real model of Bitcoin. That is why Bitcoin was considered a major disruption. It's a secret sauce. And that’s exactly what’s wrong with BTC, but what BCH fixed perfectly.

We are talking about Cryptocurrency. It is about scaling, decentralization, and security. And there has been no other proven network to be all three of these other than Bitcoin cash.

Bitcoin Cash is not only decentralized but also well distributed and secure. Typically, blockchain projects revolve around three main concepts: Decentralization, scaling, and security. This is called the Trilemma of blockchain which discusses the challenges that developers face in building an awesome, low-level, and secure blockchain without compromising on any part. The Bitcoin Cash blockchain is a decentralized, secure and scalable network.

Conclusion

The Lightning Network (LN) which aims to process millions of transactions per second and bring instant payment times to the Bitcoin network, is often painted as a panacea for the scaling issues facing cryptocurrencies. But all these have proved so far to be a noise in the air.

The scalability of this solution is yet to be realized, as transactions on the network have been limited to mere fractions of a cent. In my opinion, the Lightning Network is a joke, and I’m sure it will compete with Bitcoin Cash’s ability to do everything cheaper and faster.

The negative press surrounding their poor reputation with customers has opened the eyes of the world to the flaws of the Lightning Network. It seems like every other month there's a major bug or exploit discovered in the Lightning Network. The biggest issue is that users are at risk of losing the funds they may have in their channel if the node they're connected to fails. This has happened multiple times where users have lost a huge amount of money due to failure by either leaving their node open or exposing themselves to the internet.