while it may be smart from a securities/legal/tax persepctive it also dooms bitcoin to be a useless coin. Transaction speeds abysmal and the energy usage is absurd. These could never be changed
Lightning Network is a layer 2 network on top of Bitcoin that is governed by smart contracts at the base layer and has transaction speed of seconds. It's increasingly used in place of base layer transactions for small to medium sized amounts (e.g. US$1 - $1000). Anything on the order of US$10k+ can reasonably transacted on the base layer, and when I am spending that much I don't mind a 10 minute confirmation time.
