No, it doesn't. And if you don't know this by now, it's probably not ignorance or incompetence, but malice.
Bitcoin is limited to about half a million on-chain transactions daily, which is multiple orders of magnitude too low to function as a means of transaction globally or even nationally. And don't even try to bring up exchanges; those have all the same problems that the banks/credit card companies do.
No, it doesn't. And if you don't know this by now, it's probably not ignorance or incompetence, but malice.
Bitcoin is limited to about half a million on-chain transactions daily, which is multiple orders of magnitude too low to function as a means of transaction globally or even nationally. And don't even try to bring up exchanges; those have all the same problems that the banks/credit card companies do.
Layer 2 and 3 solve the transaction problem.
You only need to close those channels for final settlement.