Lightning Network is vaporware if you understand how Bitcoin works.

If you want to listen to the article, click play, the option is still in progress, and I may remove it in the future or improve it.

This article is my answer to a reply I got a few days ago on another platform. I don't want to be seen as an eristic and write like I don't appreciate others' opinions, but when you know what others are promoting, you have no choice but to write your opinion even if that opinion is a bit strong.

I also think that LN is just propaganda working at its best because are pretty much three fees disguised as one, one to open a node, another to close it, and routing fees, which will increase because node operators want more revenue for their trapped money on channels and routing nodes. Lightning Network is just brainwashing programming if you are willing to learn how the network works and how it is being used in reality.

Well, it is good to see that the Bitcoin BTC community is trying to address the transaction fees for opening and closing channels; I have used LN second-generation wallets, they are helping you right now with the start of the channels, but once they have your liquidity, they will hike-up the routing fees as well. I used Eclair mobile, Blue Wallet, Wallet of Satoshi, and I understand entirely how the lightning network works, even if they are a full custodian or second-generation like Muun and Pheonix wallet.

I am sorry to say, but BTC supporters lie to people who know no better. Someone who knows or tries to learn how bitcoin is supposed to work can't be lied to, and a person with knowledge will understand LN is just vaporware and that whatever you say is because you don't know enough, you have massive bags or some other motives. That is why people must learn about how Bitcoin works before investing.

You see, some wallets are using turbo channels because they want you to send your satoshis to their wallet to use LN and say that LN works, but here is the problem the people who make the routing possible have a lot of money parked in those channels. They want to collect fees to help you open turbo channels charged a lot on routing fees later.

The operator of LNBIG wrote an article saying that he parked $1m worth of bitcoin and only earned $20 in routing fees. In his paper, he almost complained that the revenue he was collecting was not enough for the amount of money he was parking on the protocol, so those running nodes and channels want to collect more routing fees for their liquidity.

So today, Muun service or wallet is helping you with the opening of channels to charge you routing fees in the future. By to way, turbo channels may not be real Bitcoin because they are private channels; they can be channels only between your mobile node and their node. In other words, private channels may allow for the printing of channels without any Bitcoin backing them whatsoever. And I heard some wallets like Simple Bitcoin Wallet calling those channels hosted channels.

It is not speculation that node operators want more fees for their liquidity to increase profits from routing payments; the last time I used LN, I had to pay $4 to move 0.015 BTC, which was to exchange into BCH. So the last time I paid extortion fees was to move my BTC into BCH. And when I complained about it, I was told to use even another expansive solution sidechains, in other words, Bitcoin supporters want you using SegWit first, later LN, and after that maybe sidechains, and by the time you figure it out that transactions will always be expensive you are too invested.

You have to follow their narrative regardless if everyone has realized that transaction fees are an issue so that if you leave, you do so without complaining. And if in case you decide to complain, they will delete your whole history like if you never existed, and as such, the high transaction problem never existed either.

So you see, you can only brainwash those who haven't used the service or don't understand how Bitcoin is supposed to work, and by Bitcoin, what I mean is the real Bitcoin which is Bitcoin Cash now.