Bitcoin has zero adoption because Layer 1 is unusable. No privacy, dust everywhere (bitcoiners are arbitrary luddites that never accept improvements).
The “circular economy” will never happen on Layer 2 because it’s byzantine, ruggable, and just sucks compared to fiat.
If “means of exchange” never happens, “store of value” never happens either. nostr:note1zz66938nr8eawfnncwyvpfz0yy222469fc7gk992gu8dtvx3ydzq9ay7ev
Things that have zero adoption and unusable layer 1's don't get a spot ETF listing.
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Nobody using the ETF ever touches layer 1
OK. they pay a fee to someone who does. its a distinction without a difference.
