sending $10000 costs the exact same to mine and store as $0.01 does it make any sense for all those $0.10 micropayments to be stored on the chain forever
Ain't it much better to store safe and secure your vast wealth on the chain and for all the little nonsense transactions that you will potentially make to be forgotten about straight away I mean do you really care that much that you can look back on your life 20 years from now and say here was my first coffee I had with bitcoin
Giving control over a new monetary supply to the Banking cartels so they can continue enslaving the populace with their fractional reserve shenanigans is beyond stupid.
And that is the purpose of ShitNet & SegShit.
With Shitnet and their so called
routable channels, they will decide whom you may transact with and have the ability to confiscate your funds,
abilities they do not have without segshit & shitnet.
╥Aztek
LN Node operators cannot confiscate funds it's a timelocked contract enforced by the main chain LN is designed to be trustless meaning you do not need to trust the node operators it is not in their interest to try and cheat you and if they do try then you can close the channel with all funds yours and theirs
I don't know where you get fractional reserves from if I open a channel for 0.1BTC then we both have effectively locked 0.1BTC they cannot use that to then create a channel with someone else
If you only have 1BTC then you can only have active channels worth up to 1BTC