Any ideas when Bitcoin absorbs all the altcoins protocols built out on layer 2. It seems like a natural progression given that none of the alts are able to stand on their own. Are layer 2’s on Bitcoin already being built for what these alts are doing? I think the good one’s will be absorbed-integrated on layer 2 Bitcoin. Thoughts
Discussion
Most altcoins serve no usecase beyond defi swaps, meme tokens, and exchange tokens (e.g. bnb) so thats nothing to absorb.
The alts that do serve a use case are limited to privacy (liquid, monero, zcash, pirate) and dollarization (uadt, usdc)
I learned my lesson the hard way buying alts.