/biz/ - Business & Finance

>>21749310
>HISSSSSSSSSSSS
>TRUSSSST ME

Isn't telling people to make transactions on the Lightning Network effectively the same as telling them to make transactions with some other cryptocurrency instead of Bitcoin?
Doesn't that lower the demand for Bitcoins to use in transactions, thereby decreasing the price from where it would otherwise be?
DESU, I'm a bit skeptical that LN will work seamlessly or add truly desirable functionality, and I'm even more skeptical that it will do anything to help with merchant adoption--which is clearly the path forward for Bitcoin's long-term success.
But for argument's sake, even if LN was wildly successful to those ends, wouldn't its use just drive down the Bitcoin price from where it would otherwise be, effectively cannibalizing the value of the coin?

BTC's end game is to slowly transition from BTC to BTC 2.0 which will be PoS, without hard-forking, ever (that way Blockstream will have full control), such that the only thing that will remain the same is the ledger - users'll get their old coins just like in a fork except BTC will not have to fork. That's fucking brilliant on BS's side.