> The transactions are denominated in fucking Bitcoin
LOL. No transitions get denominated in BTC. Cyrpto is way to volatile for that. Anybody sane prices their stuff in USD or some other currency.
Whether bitcoiners admit it or not, the fiat value of their internet tokens are the only thing they care about. What is their BTC worth and when can they go buy their lambo (using fiat, of course...)
What the fuck is the point of bitcoin if the majority of all transactions are off-chain?