Some people think that the lightning network will create 'hubs' that connect the users and collectively taking transaction fees, monitoring spending and possibly monthly fees and maybe lending possibilities...? This to me sounds like a centralised bank... and defeats the actual purpose of Bitcoin. The block size has obviously been held back... why??...perhaps the developers to make more money with this system...?
A bank holds your funds in such a way that it can mismanage them and you can lose them. As far as the 'hubs' in LN are concerned, they cannot hold your funds or lose them. The fee that we are talking about is also not implicit in the network. LN is supposed to be a decentralized way to allow smaller transactions. When you open a channel with someone, depending on the fund that you commit to it, you become a hub yourself.
Sure, the bigger hubs would be made up of merchants and providers who implement LN. But they wouldn't be holding any funds captive. If the implementation was as simple as just giving over custody of funds, it wouldn't take so much code and testing to implement.
Surely XPR and Stella solve the current banking international transaction fees and times.
Personally I believe in a true peer to peer system for the people. Bitcoin did it's job to be the first through the door and awake the people to the possibility of financial decentralisation. I think unfortunately it will be killed off or chained down with the lightning network but it has paved the way. I support BCC and other crypto that share the original idea.
A true peer-to-peer system has to scale first. And in a decentralized manner. People on the lower block size believe that independent full nodes run by people without access to terabytes of storages (for long term) are the basis of decentralization. Do you agree with that?
XRP is closed source and has its own masternodes (That is centralization).
With high block size and a blockchain growing by terabytes every year is for miners and data-center level investors, thats centralization.
LN on the other hand relies on the network effect of a lot of people joining in and then acting as hubs in their own right. A micropayment of 100 Satoshi can easily use my meager 0.1 BTC as a 'hub', if i decide to commit those small funds to my LN wallet.
Even i get to be a hub with just < 0.1 BTC.
You support BCC, all good, but know that its going to be have its own scaling monsters, if and when it starts to be adopted. And then the same people will copy the code and give it some other RPG-sounding name. They are the people who thought that simply hard-forking and increasing block size to support the explosive growth and then tweaking for future improvements would be a better idea. Like Microsoft updates.
Different work ethics i guess, but we all have our sides chosen.