I don't share nostr:nprofile1qyxhwumn8ghj7mn0wvhxcmmvqyehwumn8ghj7mnhvvh8qunfd4skctnwv46z7ctewe4xcetfd3khsvrpdsmk5vnsw96rydr3v4jrz73hvyu8xqpqsg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q8dzj6n 's opinion that the lack of transactions on the base layer is leading to #Bitcoin becoming irrelevant, because:

👉 HODLing / using it as a store of value is the major use case.

👉 POS payments are only done on layer 2.

👉 Most happens on exchanges and that's off-chain anyway.

👉 The "security budget" concern is utterly nonsense.

👉 There is no point in clogging up the mempool and making on-chain transaction unaffordable.