The LN means the death of crypto

Lightning network would work because it would make you more able to pay with high valued currency. Imagine if you bought a bunch of gold bars. Kind of hard to pay with them, right? You can but it would be very difficult, you'd pay a lot of fees for breaking off the right amount, exchanging it to USD, and have to wait a bit longer to get your item. Now imagine those shops get machines where it knows you're good for the money up to a certain amount, like a prepaid credit card, you just replenish your balance with them when you're ready to buy more.
Price of gold doesn't drop in that case, it makes you use it more because you're buying more, smaller items instead of hoarding and buying everything you want at once because of the fees. Your gold now has more usage ability and goes up due to usability.

Also that picture you posted is very sensationalist. LN uses tor-level encryption and no one can see your transaction chain, just that their node needs to send money to the next node. No knowledge of the first or last or any other point.

Fun fact:

If a merchant wants to receive money on LN, he must convince a node to lock up money even before he has done a sale.
First, the merchant must guess his turnover. Let's say $5000 USD the next month.
Then he must convince a node to lock up $5000 USD worth of money in a channel to him.
This is almost like a loan. The merchant will have to pay the interest on this frozen capital. Even if he doesn't get a single sale.
On top of that, you have the fact that a merchant must buy/get BTC before setting up the channel, and all the on-chain fees.
This is such a horrible deal for a merchant. They will never choose this expensive and risky mess over BCH.

That's false. A merchant wouldn't need to "lock" money with you more than you lock with him. Why would he lock "$5000" if you're locking $200? There's no case where if you send him the wrong amount it would be more than $200 he'd need to send back, if he ever did.
>That's almost like a loan
No it's not. And he would never need to "pay interest" on it. The channel can be dissolved if either party cancels it and both receive their coins back equal to their totals afterwards.
>Get Bitcoin before setting up the channel and all the on-chain fees.
Like anyone else who wants to do business with Bitcoin? And those fees would be less than a dollar. Less than even the unused BCash fees are now.

If you need to lie to shill a coin that only goes up when Roger emergency pumps it, then it should be obvious its a shitcoin.

merchants wont have channels with every individual customer brainlet.
They will have a channel with some well connected node in the network.

And merchant diesnt know how many customers will pay with LN in a month but he has to make sure the channel he uses has enough capacity for all LN payments he makes that month.

He has no other choice but guessing it and locking up a ballpark amount in the channel.

I know, I was responding to your FUD attempt implying individual customers through vague wording.
Of course they will have channels with popular, high value nodes. That's not new information or something hard to figure out.
Why do you talk about not having individual customers then go back to talking about customers? Are you the brainlet and actually mean "transactions through their node" instead? Of course they wouldn't know but they could lock a base amount with other highly funded nodes. You're also implying that the path of the lightning network is constant or something known and that isn't the case. You're also implying that the transaction couldn't be split, down multiple node paths if needed.
However that's where fees come in. The person on the path the transaction comes from gives them XXX amount, who gets it from the person before them, and before them, etc, until it goes back to the originator. It wouldn't leave the middle nodes empty at all because they're receiving the funds from the node before them.

Lol if im a merchant expecting to receive 5k this month I need a channel with 5k in it.
You really dont realize how retarded that is?

Its like saying I have to load up my paypal with 5k just so I can receive 5k.
Thinking any shop will use this is the pinnacle of retardation.

Lol at op comparing bitcoin to an IT company. Kys

more reason to buy NANO

You just admitted to knowing they would make channels with other high value nodes.
You also admitted knowledge of receiving fees. That would mean they wouldn't be losing anything as they'd receive fees or be in a partnership with a trusted Node known to make money.
They would need to channel a total of $5000 to receive $5000 but it doesn't need to be in one channel.
But that's why they would create channels with the trusted nodes.
If they're going to receive money what's the issue with locking it up if they're only locking with high value trusted nodes? This is the situation you're describing that there is apparently an issue with. While it's locked up there are no fees. The channel can be dissolved at any time, so it's not lost or totally unusable, and they can receive part of the fees from other people transacting if it passes through their node, so what exactly is the issue you're trying to imply exists?

Do you keep all your cash under a mattress because you don't want to keep an open bank account to receive direct deposits into?

source of this

...

shrikanth

The currency still needs to settle on chain eventually, even if it's infrequent. A currency's value is all about trust.

Trust comes from scarcity, security, and history.

Even if every altcoin could work on the LN, it really wouldn't be much different that altcoins now on exchanges. It's not like the price of altcoins would suddenly shoot up, and bitcoin shoot down.

If a normie wanted to buy a crypto to use for everyday transactions. What do you think he/she'll buy? The most trusted currency with the highest amount of scarcity, security, and history: bitcoin.