Wow the old "bitcoin is an energy hog" argument. (kidding) Terrible jokes aside, I like this take, but from the standpoint that Bitcoin is a "primitive", almos

Wow the old "bitcoin is an energy hog" argument. (kidding) Terrible jokes aside, I like this take, but from the standpoint that Bitcoin is a "primitive", almost analogue type technology. But it demonstrates clear innovations over the old existing "normal" payment systems. So the conclusion, in my opinion, that Bitcoin is only for hobbyists in extreme circumstances, includes a fallacy, and one piece of evidence is the increased efficiency in using Bitcoin for intl settlement / remittance. But Bitcoin is not the end-all of cryptocurrencies. It has flaws and its iteration is relatively frozen. We need a sound settlement layer first and that settlement layer will need to obtain some degree of generalization in programmability.