Again, the implication is that he doesn't want Bitcoin to be digital gold. I didn't say pushing changes to the base layer, that was chris there. "Shoving liquidity and velocity onto the base layer" is not a change. It is using it in a manner in which it wasn't designed.

I think we agree on 99 percent of this. From a classification standpoint. But calling lightening purely a “coupon” BACKED by BTC/layer 1 is going too far, IMO. Its actual bitcoin in a smart contract that can be self custodied and unilaterally reverted back to main chain UTXO custody baring some wildly aberrant event. I’ve enjoyed this discussion, since it has provided me the opportunity to reflect and learn. The major reason I LOVE this community and journey down the rabbit hole. So thank you! 🙏🏻 PS Back to the top, I still think Jack was not advocating for more liquidity and velocity on main chain. He was taking issue about a growing group on wall st in US (eg MSTR, Blackrock, others) that are explicitly advocating for BTC to remain JUST a pristine digital asset. Actively trying to block layer2/3 and circular economies from developing. In that case I agree with him. If this doesn’t become our new global system and therefore seperate money from state for the first time in history, I think we are fucked as a civilisation. Just my 2 cents.