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0 sats \ 0 replies \ @Solomonsatoshi 3h \ parent \ on: The REAL reason for removing the OP_RETURN 80-byte limit bitcoin
Well said!
Since LN is now pretty accessible I do most of my transactions on it and much less on L2.
However in addition to the very good points you have made I would add that the whole narrative around Bitcoin has moved hugely away from its being a payments protocol to that of it being a speculative commodity that you do not spend but solely HODL and wait for it to appreciate relative to fiat.
IMO this (taxed and kyced) speculative commodity narrative is effectively the bankers and governments capturing and controlling the protocol.
If we continue to lose the narrative and actual use of Bitcoin for P2P payments continues to stagnate the potential of Bitcoin to provide a true alternative to fiat also stagnates.
It is through its hegemony over MoE that fiat gains most of its economic and strategic power.