It is on-blockchain L1 - but still Bitcoin and $BTC. Neither Bitcoin nor $BTC equals blockchain - and they never had.
Discussion
I understand Bitcoin/bitcoin does not equal blockchain. But you’re trying to redefine L1, where your proposal is more like L1.5 as I’m assuming it’s optional functionality.
I think all the buzz around layer 1, 2, 3 is just memes and marketing, so do not take that too serious.
If I was doing a classification, bitcoin PoW consensus and block headers is layer 1.
Bitcoin blockchain blocks, merged mining chains is layer 2.
Sidechains is layer 2+i.
Lightning is layer 3.
RGB is layer 2.71828 (Euler number).
But this has zero chances of becoming a meme.
This makes more sense to me. Layer 1 is where indisputable ownership of bitcoin is proven. Anything else has some form of counterparty risk.
So if it’s all marketing no need to mention Layer one in your proposal then, right?😉
I’m all for improving the bitcoin network/ecosystem/etc. So if that’s what your proposal does then I’m all for it. 🤙🏽🧡
I am mentioning meme meaning: the proposal is to replace what people name layer 1. They name it, not me :) In order to be understood I have to use common names.