Right, but, that's an "if", no?  It doesn't exist yet (at scale).  First-past-the-post can gain traction now, but lose in the long run.  That's okay.  Happens to lots of things.

jeff

bitcoin

Bitcoin's use as a reserve asset continues to expand

If synthetic USD via balanced LN channels becomes a reality doesn't it make all this obsolete. Personally I just see this as Do Kwon running an affinty scam to link bitcoin with his shitcoin project, the same way they doing with that stacks project by that Moneeb guy

Normies are buying on this news providing liquidity for him to dump and acquire bitcoin and provide the 52 million worth of seed capital to exit 