Maybe some people were hyping it as a PayPal replacement back in the pre-2017 days, but that narrative has largely failed to gain followers and is now very out of favor.
The digital gold narrative and layer one of the new global, open, permisionless, and fair financial system narrative have been big and growing ever since I got involved in 2015ish.
In fact, it was only the emergence of the lightning network that proved the layered system approach that has made me consistently bullish for these past 7 years. If we had to scale payments on the base blockchain's 7tps limit, it would absolutely be an absurd, silly speculative bubble doomed to collapse.
Luckily, the layered approach is proving itself and winning.
Maybe some people were hyping it as a PayPal replacement back in the pre-2017 days, but that narrative has largely failed to gain followers and is now very out of favor.
The digital gold narrative and layer one of the new global, open, permisionless, and fair financial system narrative have been big and growing ever since I got involved in 2015ish.
In fact, it was only the emergence of the lightning network that proved the layered system approach that has made me consistently bullish for these past 7 years. If we had to scale payments on the base blockchain's 7tps limit, it would absolutely be an absurd, silly speculative bubble doomed to collapse.
Luckily, the layered approach is proving itself and winning.