If things continue to progress as they already have it will become untransactable. It already pretty much is as far as business is concerned.
But now voting power is too consolidated for any real community change to occur. The block size needs to change. Lightning doesn’t solve the fundamental problem. It just creates a new group of people with power to confirm transactions. Decentralized… until it isn’t.
There was this idea early on that power would be distributed across a wide range of people and the future of BTC would be transparent and democratic. I don’t know that mining pools were really forseen, at least not in the way the exist today.
I guess my point of this whole thread was that we quickly found out when something is “decentralized” it just results in a relatively small group of people becoming the defacto authority through force (in this case, sheer computational power). It was thought that wouldn’t be possible. But here we are.
Failure to grasp this principle accounts for a large percentage of libertarians, and to somewhat of a lesser, though still significant, degree, ideological conservatives.
Under lightning who is this new group that confirms transactions you’re concerned about? At the moment hashing power is fairly well distributed on the Bitcoin blockchain, not at all well on BCH. For lightning transactions there could be thousands of “people” you can decide to open a channel with. You can set up your own nodes if you wish.