SwissNode on Nostr: the token is needless, if you were to peg in and out from the Bitcoin value that is ...

the token is needless, if you were to peg in and out from the Bitcoin value that is all that is needed. If you believe in the concept of a cap on the number of tokens, then you must also believe in a cap on the number of "cryptocurrencies" out there. You can't just keep on printing more "cryptos" because you have a good idea about some technical thing you want added to Bitcoin's blockchain. Monero as a sidechain with no extra token would be fine... Lightning doesn't work on top of Monero and it's kind of needed for instant payments. Monero's sole purpose is to hide the transaction amounts...