It's not an either / or issue. Obviously folks should continue improving layer 2 solutions. What if they are so successful that demand for block space remains below the threshold necessary for a robust fee market? We will have screwed ourselves out of sustainable thermodynamic security via our own success.

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Not sure if you watched but the economics is only one issue Another is centralizing forces. Another is taking advantage of technological growth. The world will continue to change, the question becomes whether or not Bitcoin will adapt.