[overthrow]

> They're not using it, at all.

This is obviously false. Just look at the transaction rates on the publicly available ledger.

And: Moneygram has all but publicly admitted that crypto remittances have grown large enough that it's affecting their core business, and they're trying to re-insert themselves as a middleman. https://my.linkedin.com/posts/moneygram-international_moneyg...

If you actually meant trading volumes (which matter zero for adoption btw), those haven't changed much either. Zoom out to 1w: https://bitcoinwisdom.io/markets/gdax/btcusd

> Lightning

The naive routing complexity is quadratic, yes. GPS routing is also quadratic. So is IP routing. But practical implementations use heuristics to decrease that complexity. In practice, you just need a good enough path, not the theoretically optimal path. The internet and lightning are still working fine as we speak.

> It's literally down 60% from a year ago

Bitcoin's current MVRV is 1.457[1], meaning the average holder current has a 45.7% profit. I guess if you cherry pick a high and low price you can imagine some losses, but anyone could cherry-pick numbers in the other direction too.

The 45% profit is nice, but for those living paycheck to paycheck it unfortunately isn't a huge help since many people wouldn't have been holding long enough for the gains to accumulate.

[1]: https://www.blockchain.com/explorer/charts/mvrv