On one hand, you raise a fair point. On the other hand I wasn’t clever enough to make fun of government incompetence with all that in mind 😅

In all seriousness I can imagine a scenario though where, for example, the US treasury or the Fed somehow acquires Tether 10 years from now and makes the tokens redeemable for Bitcoin for some period. People get complacent and setup more and more “stable channels” and while they’re still using Bitcoin rails (like the silver in your scenario) their end of the channel gets cleaned out in short order because fiat and there’s a mad rush to close channels and block space is in high demand.

I realize it’s not quite the same of course but maybe there’s a lesson in there somewhere anyway.