Was the Lighting Network being described here, or did he talk of something else?
I guess it't not the LN or second layer, it's a different token backed by Bitcoin and we have the bitcoin backed tokens on multiple chains but it didn't solve anything.
The concept of Micropayments came in the year 2013
[ANNOUNCE] Micro-payment channels implementation now in bitcoin and the concept of LN came into the discussion since 2015 and finally implemented on the year 2018.
Would this bitcoin-backed token be native to the Bitcoin blockchain? Coincidentally (did not see this thread at the time of posting) I posted this recently: