That made sense as a prudent statement in 2008 (when Satoshi said it), I'm not convinced it makes sense now. The tech has demonstrated how resilient it is, and how attractive that is. It's one big positive feedback loop, and it's difficult to see how that can be disrupted now.
Agreed. It makes no sense anymore. The very fact that institutions are building the infrastructure around it just shows how much confidence there is in Bitcoin. They wouldn't do it if it was totally useless/worthless.
It wouldn't even surprise me if quite some institutions low-key went into fomo mode back in 2017 because their clients were begging for it. In order to avoid similar situations, they'll act as exchange themselves eventually.
In terms of the fundamentals, LN growing is super bullish, especially when Square as first mayor entity utilizes it to improve their platform and offer people the speed and convenience they are asking for.
Do you have an idea when we can expect Scnorr to finally make it into an official client release?