[hetspookjee]

I agree that the raising of difficulty is problematic. But is it not that running arbitrary javascript in advertisements, and the ever growing scale of said javascript chunked in, is also growing ever more? You state indeed that it's a mere 7 transactions per second, yet I'm settling transactions over 2nd layer networks like Lightning and Liquid. Javascript advertisements bring me nothing but distraction and a settled state of mind. I find this a far bigger harm than commodotizing international transactions, how slow they might be.

[hocuspocus]

I'm gonna skip the obvious whataboutism of your argument, but your 2nd layer networks have just re-invented centralization of federated and trusted peers, congrats.

International settlements aren't a technological problem. SWIFT has been commoditizing international transactions for many decades. When there's still friction, it exists by design. International transfers are pretty fast and cheap between countries that agree on the same rules and regulations regarding capital flows.

Sure you can use Bitcoin to avoid these regulations. But most people and businesses aren't actually interested in illegal ways to move money.