The best store of value has the biggest network of users and the most market liquidity
untrue
1. FIAT: america 300m+ users.. china 1billion+.. yet the world follows the dollar
2. best store of value is more about utility.
You realize the USD is the world reserve currency, right? It's the basis for international settlement. It's usage
far surpasses the US population. The yuan pales in comparison, both in terms of usage and liquidity. The yuan is known for its extremely tight liquidity since it is so tightly controlled by the Chinese government through state-run banks.
The best store of value
is about utility -- and the USD has much, much further reach than the CNY. It's much more useful. This parallels the ideas behind
network value vis-a-vis Metcalfe's Law in cryptocurrency networks.
if people cant use it within the main network due to fee's. they will play around in other networks and then if they want to return to a blockchain network they will find the cheapest,fastest network that does the same things as bitcoin.. EG litecoin is probably going to be peoples exit out of LN
much like silver and copper coins were the exit out of banking even though before entering banks they held gold.
If that were true, network liquidity would move to Litecoin and it would become more valuable. Inevitably, though, Litecoin -- like virtually all altcoins -- would run into the same scalability bottlenecks as Bitcoin. If the market needs to find that out the hard way, so be it. It's a free market. C'est la vie.
What you don't seem to appreciate is that people will have a multitude of options. If they need superior security, they'll use Bitcoin. If they don't, they'll use something cheaper. This is a fundamentally good thing; Bitcoin doesn't need to monopolize the entire market.
