https://bitcoinmagazine.com/technical/bitcoin-now-useless-micropayments-solutions-are-coming1
-----------------------------
Excerpt from your article:
"While the level of censorship resistance offered by Bitcoin’s permissionless payment network has obvious value, it’s also rather expensive. The system must remain decentralized in order for this resistance to censorship to remain intact. The cost of operating a full node increases as more transactions are processed on the network, and some users already see the costs related to full node operation as too high."
...
"Bitcoin payments were much cheaper in the past because demand for block space was much lower. Users are now essentially bidding on the right to have their transactions included in the next block. Large-value transfers and payments that necessitate a certain degree of censorship resistance will tend to outbid lower-value, everyday payments such as the purchase of a cup of coffee."-----------------------------
The entire premise of bitcoin from day one was its decentralized nature. Without that, it has no advantage over current monetary systems offered today. The base layer blockchain simply can't scale to incorporate the entire world's everyday payments. That was always the case even though early on people were able to do so simply because of lack of transaction activity. Here is a statement from Hal Finney, one of the first users of bitcoin:

It was widely understood from early on that bitcoin just wasn't going to scale for everyday payments while still maintaining a level of decentralization required for security of the system. That's where secondary payment layers come in, but those need to be developed after the base layer blockchain and thus it takes time and won't be available from day one. Technical hurdles and technical progress doesn't mean the story has changed. The Lightning Network is live and seeing great progress and this is where micro-payments can be made while still being backed by the security of the base layer.
I would like to see her and Peter Schiff both on Clubhouse giving arguments for and against bitcoin. So far Peter Schiff has crushed the bitcoiners arguments.
And celerystalks latest post makes excellent points.
Do you wish to share some of Peter Schiff's arguments he's made that you feel have crushed bitcoiner arguments? Because I honestly haven't really seen many valid arguments from him and he seems to more simply troll the community nowadays. I honestly wouldn't be surprised if he actually owns a decent amount of bitcoin and just has spates with bitcoiners for the attention.
As far as celerystalks arguments go...ya I wasn't going to respond to those because frankly nothing he wrote made any sense whatsoever. I'm so glad to hear from him though that stocks and bonds can't go to zero ever...Phew!!
The price is just what the last one was traded at?...you mean like how every market operates?? haha. You can't sell every bitcoin at a given price?? Again, you mean like everything that is publicly traded?? For example, Jeff Bezos' net worth shouldn't technically be considered the value of his entire stock holdings at Amazon because there is no way for him to actually capitalize on his entire stock holdings at the current given market price. That's just basics fundamentals of supply and demand.
Furthermore, as mentioned in ARK's Bitcoin letter they released a little while back, Bitcoin is actually more liquid than most publicly traded equities with bid-ask spreads below 0.0001% on many exchanges around the world while the average US equity spread is roughly 0.035%. (Source on page 19:
https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARKinvest_091729_Whitepaper_Bitcoin_II_An%20Investment.pdf)
There are some other interesting bits in the paper as well that are unrelated to the discussion but worth point out. For example on page 11, it shows how bitcoin has near zero correlation to the S&P500, gold, oil, bonds, emerging currencies, real estate, BoA, Apple, and Tesla. This suggests it marches to the beat of its own drum and is the only major
asset with consistently low correlations to traditional asset classes. It amazes me that people can't get over their own odd inhibitions and recognize bitcoin as a legit asset that can play a valid risk reduction role with potential massive upside even with just a 1% allocation. Every day that the bitcoin network continues to operate and produce blocks is another day that proves its anti-fragile status and thus justifies a higher price in the market.