[rvz]

Lightning is not Bitcoin. The implemented design of Lightning is a highly centralised off-chain layer 2 [0] which is a direct contradiction and defeats the whole purpose of what Bitcoin was designed and built for: ' a peer-to-peer electronic cash system'

Bitcoin has failed in being an efficient on-chain payments system and is somehow now an investment asset since that is its new narrative which is also a 'store of value' or 'digital gold'.

It seems that many supporters have admitted that it is not useful for its original purpose and that it is not instant, significantly slower than VISA and a extremely volatile to use as a currency.

[0] https://iopscience.iop.org/article/10.1088/1367-2630/aba062