Against Bitcoin Maximalism: Exchanges Can Print "Bitcoin"
Luke Smith
Bitcoin's issues will not be solved with "Layer 2." The gold standard was destroyed by its own "Layer 2" solution to its flaws as a currency: paper currency replaced gold and in the same way, a cryptocurrency like Bitcoin that has extreme transaction fees and requires bloated centralized solutions on top of it will gradually be replaced by those "solutions."
A decentralized digital currency and a store of value has to work as such without aid from other systems.
This is a clip from an interview I did for Monero Talk. See links to the full interview here: YouTube: https://www.youtube.com/watch?v=qIMw_cI4UsA Odysee: https://odysee.com/luke-smith-on-monero%27s-unique-self:0d9aba4153a9998177f676adfb40c16f8c58f199 PeerTube: https://videos.lukesmith.xyz/videos/watch/897210b1-0ac6-4dbd-8df8-35b174365db4
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