The question is, I think, whether the current pace of transaction settlement is actually fast enough if you scale up to a global bitcoin standard?

I think not, so at least in this regard bitcoin shouldn't stay as it is, but still needs development...!

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I’m thinking more in terms of base layer staying as is and the development taking place on layer 2. The risk of screwing something up on layer 1 becomes greater as more people become dependent of it. Point remains that Bitcoin just needs to exist as fiat dies it’s inevitable death.