Along with acknowledgement of that, I find "speed and portability" often underscores the security trade-offs made. What trade offs do you think are made and how sustainable do you see this being LT as Bitcoin attracts growing liquidity, security, etc. along with LN adoption?
speed is mostly irrelevant for SoV it's all about security + disinflation + proven unchangeability which BTC beats Nano by an enormous margin holding Nano as a bet it can become a "SoV" when BTC exists is irrational, dangerous, risky.
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agree re: speed for SoV. Speed for MoE is a must though, IMO. re: risk holding Nano: good thing I can hold multiple currencies

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it won't be a widespread MoE without having largely saturated itself as a SoV. If it's not a SoV already, then its nothing but a payment rail / means of payment, not a full MoE. you want people to receive and continue holding. if they transfer out to fiat/btc, it doesn't count.pic.twitter.com/y7hizKkTtM
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TLDR: you can't have a widespread monetary MoE which isn't also a widespread monetary SoV. Having one coin be a SoV and another coin be an MoE is a fallacy. SoV and MoE are inextricably linked.
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But don't you think Murad, LN can be detrimental for btc as a SoV because of the velocity problem? Why is LN needed when btc is still evolving as a SoV? You want people to hold not to spend (high fees shouldn't be a problem right now if you are not going to buy coffee with btc)
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velocity is only bad if people transfer out to USD after they receive BTC. If they keep holding BTC upon receipt, it doesn't reduce BTC price. velocity for debt-based instrument vs. equity/commodity based instruments has different effects. fiat is debt based, bitcoin is commod
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But if you start using it as money due to LN effect, velocity wouldn't affect it as it does with fiat? Don't you think LN should be better implemented in the future, in the MoE you talk about?
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I don't think LN will be widespread use before BTC is $10T+ in today's terms. as epic as LN is, I, for one, am not spending my BTC for another decade at least
End of conversation
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