It completely breaks the fundamental and original usecase of bitcoin: peer to peer electronic cash.
Now it's "first world speculator to first world speculator through intermediary financial institution electronic store-of-value". Doesn't roll of the tongue quite so well, does it?
IMO, XMR and BCH are the current best options for transactions. BTC is being destroyed by people who hadn't even heard of it 5 years ago.
There is no requirement for this. This is FUD.
So like I don't mind if we end up that you need at least $1million to become a miner, hell we are half way there anyway on both chains, I just mind if nobody can join, or if it goes to $1billion to be able to mine.
LN seems like the ultimate in centralisation so as an alternative (while it might work,) it's a far inferior solution on that score.