[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.