Bitcoin magazine pointed to Christopher J. Waller, Federal Reserve Board Governor stating, Bitcoin is electronic gold.”

Community response: I have never seen a man with Lazer eyes state something so rational and truthful.

As US Senator Rand Paul puts it. Bitcoin could become world reserve currency

He is right. Not what bitcoin was intended to be but oh well things evolve. Bitcoin is digital gold but what that means is that other coins are not shitcoins as maxis would have it. They play a very important role in providing alternative to financial systems etc of today

Then what was it intended to be? It was intended to be exactly what it is, a decentralised digital money. And that’s exactly what it is. It just happens to be such a good form of money, that people are referring to it as digital gold.

Bitcoin combined with the lightning network fulfils all 3 universal requirements for money: 1) store of value 2) medium of exchange 3) unit of account. As I see it, bitcoin is digital gold and lots of other things simultaneously.

In a world full of fiat oceans, Bitcoin is your ark. In a hyperinflating world, Bitcoin is your escape hatch. BTC could become world reserve currency.

Someone however stated, “LN is a crap network, full of unresolvable bugs, there is no way it can work. This is said by professional LN engineers, not by me.”

Further pointing to an interesting thread from Joost Jager:  Lightning is great, but can’t say it is battle-tested. If script kids would be interested, they could take down those shiny new 5 BTC #wumbo channels with negligible cost and no effort at all.

The underlying issue is that a channel cannot hold more than 483 htlcs at a time, regardless of the channel capacity. Sending 483 micro-payments to yourself and holding on to the htlcs is enough to incapacitate a channel for up to two weeks.

By utilizing the max route length to add loops, each payment can consume up to 9 htlc slots on the target channel. If the script kid is lucky, they only need to send 54 payments to get it done. A single tiny channel takes double-digit amounts of Bitcoin out of business.

Wanting to become the world’s payment system sounds good, but then we can’t have trivially exploitable vulnerabilities like this. Walk the talk.

Breedlove22 stated, there has to be a constant measuring stick for any unit of measurement like meter for distance, kilograms for weight, decibels for sound etc. Fiat trade imbalances exist across various jurisdictions. Bitcoin is the metric system for money.