This is actually out-performance when you think about how irrelevant Lightning is in the totality of payments, and the percentage of people for whom Bitcoin is their reserve currency.
People for whom Bitcoin is NOT their reserve currency, it's not particularly good at payments, at least not better than stables. Bitcoin's scarcity/censorship resistance mean nothing for payments if people do not value those first as their reserve currency.
As stables grow I think we're going to see, or need to see, a framing realignment. Lightning doesn't exist to get people to understand Bitcoin because is enables payments. Rather, stables for payments will be the gateway drug to Bitcoin for savings... Lightning becomes an on-ramp for that.
This is actually out-performance when you think about how irrelevant Lightning is in the totality of payments, and the percentage of people for whom Bitcoin is their reserve currency.
People for whom Bitcoin is NOT their reserve currency, it's not particularly good at payments, at least not better than stables. Bitcoin's scarcity/censorship resistance mean nothing for payments if people do not value those first as their reserve currency.
As stables grow I think we're going to see, or need to see, a framing realignment. Lightning doesn't exist to get people to understand Bitcoin because is enables payments. Rather, stables for payments will be the gateway drug to Bitcoin for savings... Lightning becomes an on-ramp for that.