I mean there’s very little you’ll find as an official spokesperson for Bitcoin but yeah, the dream of on-chain transactions being used for anything other than a funny speculative asset is pretty much gone.

It’s actually kinda crazy in a “voting yourself money” kinda way. Because as long as people believe that BTC should always increase in value then in the long run the returns should gravitate toward something like the weighted average worldwide inflation rate.

The downside of course is that unlike normal investments they don’t spur the real life economic growth necessary to sustain that inflation.