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I'm glad to see you no longer pushing your fake 'all-or-nothing' version of the substitution effect. That's progress I can work with.
I never have.
There are too many 'non-marginal use cases for the average person' to list here, given
The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain".
And that's not even accounting for the additional capacity enabled by SC+LN.
The second question is you feigning obtuseness and being snotty. You can do better than that; you know damn well if you want higher tx priority you simply have to pay for it. You also know RBF makes that arrangement flexible, adaptive, and dynamic.
It would be great if you could stop pretending Bitcoin's Layer 1 was created (and/or is able) to replace commercial banking, cash, plastic, and Starbucks gift cards while remaining diverse/diffuse/defensible/resilient. Please do the engineering.
I have done the engineering. Please see this link.
https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg. This is a picture taken during my lifetime. Now try to run the current VISA network using punched cards and tabulating machines.
Credit cards existed before this picture was taken.
If they are using LN or some other off chain solution there are using some kind of bank by another name.
If they are using a side chain they are using an alt-coin by another name
In both the above cases there remain the serious security issues that smooth has mentioned in a prior post, in particular how do you secure the Bitcoin main chain. So my solution was to move from Bitcoin to a combination of XMR and CAD. I have both the solutions above. The "sidechain" XMR and the "bank" CAD.
Of course if you want a higher TX priority you have to pay for it. In a normal market It also means that if people offer to pay more for TXs they get an increase in supply of TXs. It is here where Monero TXs behave as a normal market. If there is an increase in demand, leading to an increase price it results this in an increase is supply. With Bitcoin TXs no matter how much the demand and price increase there is no increase in supply, and therein lies the fatal flaw in the Bitcoin TX market and by extension in Bitcoin itself.
The whole point of Bitcoin was to replace the bank for certain transactions, not to create a "better" bank so davout is dead wrong here.
