>the largest circular bitcoin economy

This underscores the fact that Bitcoin's medium of exchange chances are gone. Around $1k in transactions per day is what you might call "performative MoE".

Stablecoins are the future for the lightning network, and for those that care about nostr more than bitcoin USDT zaps are what will really help growth.

For Bitcoin, it's all about store of value from here on in, as well as providing transport rails for other assets. (And a little bit of performative MoE.)