Part 9/11:
There's also optimism about innovations like Lightning Network, which enables instant, low-fee payments that outperform traditional systems like Visa. The advocates see these layered protocols and solutions as the next wave of financial sovereignty, enabling censorship-resistant transactions and improved privacy.
The Challenges and Opportunities of This New Paradigm
They acknowledge that Bitcoin’s transition to a "standard" may not be smooth. Plutocratic and feudal tendencies could emerge—similar to the old systems of aristocracy and landownership—but these are preferable to the failed systems they replace.