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Bitcoin's raison d'etre is to serve as a decentralized currency free from the constraints of central banks or governments, and it fulfills this purpose admirably.

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It's neither effective currency, nor effective store of value.

it's potential as a currency and store of value should not be dismissed based on its current limitations. Its adoption and value will likely continue to grow as more people become aware of its potential, particularly with the implementation of the Lightning Network which aims to improve scalability and transaction speeds

It's had ten+ years. The Lightning Network has had 6+ years. Other layer 2 protocols have had longer.

I've worked on first layer blockchain projects as well as Ethereum projects: it's not as complex a technology as people make it out to be.

Sorry, but there's no there, there.

the LN launched in 2018 an took off 2020.

What do you define as takeoff? The transaction numbers are minuscule.

I personally think crypto transactions are a dead use case. El Salvador recently released numbers that said crypto remittances were in the 1% range in 2022, despite all the hype. Coinbase actually shutdown there remittances product after a couple of years and a couple of thousands of transactions.

The people don’t want it.

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