bitcoin

It's not a layer 2, it's a stablecoin pegged to bitcoin

Scoresby

Bitcoin isn’t free to move. Every transaction? Fees. And fees don’t care if you’re moving 1 sat or 1 BTC—they’re priced in bytes, not coin amount.  
2. More users = higher fees. At some point, buying small amounts doesn’t make sense. You wait. Or you don’t buy at all.  
3. This births substitutes. Ark, Spark, Ecash… even Litecoin. All billed as “Layer 2” or “faster” or “cheaper.” Some are actually… fake L2s 👀  