Also, I think we've onboarded most of the speculative investors we are going to get in this phase -- we need a wave of utility next. I have a hard time believing this utility use moves from once per month to multiple daily txns. Rather it will be monthly txns becoming weekly txns driven by B2B, remittance, and intermittent online purchases by bitcoin users. And it will be colored coin and ledger use (which LN cannot optimize).
I have to disagree and I think is far removed from reality. Utility use cases are and will remain marginal until we onboard many many more waves of speculative investors.
Institutional investors wave is next.
Take it from the mouth of one of the reasonable guy in the industry (Vinny Lingham):
I think the whole idea of bitcoin is so consumer unfriendly, I can't see it taking off and we're the largest consumer site on the blockchain. It's not going to go mainstream.
http://www.coindesk.com/keynote-2015-fintech-voices-join-blockchain-conversation/