Agree that L2s like lightning network are needed to make bitcoin faster and convenient for everyday use. But I would argue that even if we didn't have L2s bitcoin would still be optimal money in relation to everything else. It may be slower but still operable for wealth management or big purchases while not needing a third-party custodian which wins over gold and it holds its value over time which beats fiat. But, yes for everyday micro/small purchases we do need L2s that focus on optimizing for speed and security of transactions while L1 optimizes for decentralization and security.

Reply to this note

Please Login to reply.

Discussion

No replies yet.