Since LN channels can be open infinitely it’s possible that people could actually start selling/buying LN coins (IOUs) that never leave the network. Then, down the road, you take the BTC backing away (just like gold backing was removed from the dollar) & you have a new form of fiat. That's the p

Or you can accept whatever a majority of hashpower & capital tell you to accept.

It's ironic that this is precisely what BCH proponents are telling you to do. They tell you that you don't need to run a validating software node, because the miners decide everything for you anyway. Which is of course, false, and BCH proved that point.

But the lesson which BCH is going to teach is that this simple economic choice that people made last year will no longer be a simple economic choice at some point in the future, because it will cost you tens of thousands of dollars in equipment to validate the now-bloated blockchain in order to not accept what the majority hashpower is telling you, if you feel that they're not doing the right thing.

/r/btc Thread Parent