I think we’re moving to a world of geo-federated ecash (and cold storage). Lightning to mostly be used between the federations and exchanges.
I’m hopeful that large federations that are geo-distributed will be difficult for any country to shut down.
Discussion
I attended a dinner this week, where I was seated beside a prominent investor with several Bitcoin + Lightning companies in his portfolio. This is precisely what I laid out for him as my most likely scenario.
I feel like I had a strangely guitar based sushi with a guy once and had similar intuition:)
As Mark Twain said:
“There is no such thing as a new idea. It is impossible. We simply take a lot of old ideas and put them into a sort of mental kaleidoscope. We give them a turn and they make new and curious combinations. We keep on turning and making new combinations indefinitely; but they are the same old pieces of colored glass that have been in use through all the ages.”