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it makes better arguments, but misses the inescapable fact that neither on-chain nor lightning can scale to the world. any system capable of scaling must use zero on-chain data per wallet. this prevents you from providing unilateral exit, and requires that there be some other guarantee.
in https://deposits.ynniv.com i propose "durability": wallets don't escape the layer, but they are guaranteed that, assuming the layer hasn't failed entirely, they will have access to their funds even if a "mint" dies or goes rogue. this is different than ecash, and also different than lightning.
is it still bitcoin? i think so, because it is denominated in bitcoin and doesn't allow fractional reserves. is it as durable as the base chain? no. is it better than ecash? i think so?
we'll see
Dude..I've been paying in person for coffee with lightning almost daily for three years now...square POS is implementing lightning payments into all their terminals for use by businesses by the end of the year. Steak N Shake takes lightning now. It's absolutely built for large scale implementation and really is the only L2 that has any traction behind it in the non-crypto portion of the world. Thanks to massive lightning node operators like cash app and others, people are using lightning more and more. More businesses are running their own nodes also and accepting it as a payment method in person. It's 100% made for large scale adoption. It has flaws yes but I haven't had a payment routing delay in over two years. And I'm a daily lightning user.
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