Firstly, new technology finds its use cases over the duration. Secondly, as others before you have done, you've closed the case on a technology and eco-system that remains very much in development. Lightning Network will go some of the way towards the use case you're talking about. Building out the tech so that its easier to use will facilitate that and other use cases. as regards layer 2, I don't tend to get my knickers in a twist over it as some do. It's being built on top of the bitcoin blockchain network. As regards some of the criticisms that are being thrown at layer 2 solutions, that's completely premature. It's still in development.It has failed in its primary use case, some have seen utility in an alternative use as a store of value. Any layer 2 solution I've seen requires you to transact out of Bitcoin, so it's not bitcoin.
Well, I could engage in your tedium and semantics that were evident heretofore - because I don't recall suggesting that the U.S. economy was mismanaged....but I won't in the interests of a free flowing discussion.So the US economy is being totally mismanaged? It all goes back to the Antonopoulos position, it makes some sense in basket case or despotic regimes, neither apply here.
Yes, I agree completely with the Antonopoulos line. There's a big old world out there and whilst Bitcoin has relevance for all of it, some jurisdictions offer more immediate and obvious disposition towards it. I live in a country where the local currency is denominated in the 1000's. Ergo there was financial mismanagement. In advanced economies, monetary policy mistakes have been made. If we can improve upon that, we should. Performance in a whole host of sectors tends to improve where there's a bit of competition. Why should this be any different?
However, there are a whole host of countries where there has been total financial mismanagement. I certainly think that it would be great for citizens to have another option outside of that madness. Furthermore, the very presence of such an option may deter some of that financial malpractice from happening in the first place.
Because of its position in the world, the dollar is probably the safest of a bad lot for the foreseeable. That said, Wolfe Tone is correct about the insane debt levels. Don't expect things to stay the same forever - that's not the way the world works. Other than that, the USD - just like every other FIAT currency is stealthily relieving value from ordinary people every second that passes as the printing presses continue to devalue currencies.
Additionally, if it's not something that affects a eurozone country like Ireland, why are the European's getting their knickers in a twist over Facebook's Libra? Why are they talking of banning it and of issuing their own Eurocoin? If there is no use case for anything except sovereign currency, then why would they bat an eyelid?
Besides all of that, you don't see the value in having a bank in your phone or on a cold storage device - which is fine. That's where we disagree and there are plenty of others in the world that share my view.