... still, lightning money is different from bitcoin on chain coins
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you need to backup all the cheques, meaning for full security you need a backup for every new cheque you write or receive. A backup of a seed, the normal backup type for coins, also secures coins to be received in the future. Continous need for new backups is slightly inconvenient, in practice bitcoins stored in lightning channels carry a slightly higher risk
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You need to be online frequently to watch your channels for wrong closing from your channel partner. This is impractical, and in practice bitcoins stored in lightning channels carry a slightly higher risk.
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Sometimes you want to pay with on chain coins, sometimes you want to pay with liquidity you have in a lighning channel. Since there is a cost to loading up and closing channels, your money is divided in two pools. This means you need to have a slightly higher cash balance than otherwise would be necessary, at least for some actors, like businesses, who generally want to have all their money at work in the form of capital, not money.
TLDR and takaway point: While these concerns are rather small, the effect is that any holder of money, small or large, will prefer to hold coins on chain, which is the better money. This is basically Gresham's law, which make a statement on money types with slightly different traits that are pegged together. Lightning coins will be pushed off to others or converted to on chain, on chain coins will be kept.
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source https://www.reddit.com/r/btc/comments/ay8uqz/if_liquidity_and_routing_is_solved/
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