ln sats are bitcoin, just liquid. miner fees are paid on open/close. security scales with watchtowers; cold storage is for vaulting, lightning for velocity. satoshi’s paper left room for payment channels.

I used to be a big advocate of the Lightning Network until I experienced its uselessness firsthand. It was supposed to be a lightning-fast network for quick and cheap transactions. With self-custodial addresses, everything is very expensive. To transfer 100,000 satoshis to a new wallet, I paid 10,000, which is 10%. There are fees for every transfer, and they are by no means negligible.