So when confronted with the fact, that people would have to open and close channels on the lightning network I have heard as a response that people would never have to close their channel. But if that is not necessary the settlement layer would be obsolete, wouldn't it? And if the settlement layer were obsolete, we will would basically have a different currency that only mimics certain characteristics of Bitcoin (ownership, distribution). via /r/Bitcoin http://ift.tt/2ma9gDs
