I was talking about Lightning Network nodes, not Bitcoin. Bitcoin at one point was at this stage but through iterations and continuous improvement it evolved to being able to secure all those funds.

The point is that it's disingenuous to deem a new tech dead, while the engineers working on it sill say that it's not yet fully-ready for production.

The implementation and the protocol still evolves, but the core idea behind it is rock solid and the most promising way forward to help with scaling AND enable use-cases that would be otherwise impossible (see microtransactions & realtime millisecond scale monetary transactions etc.)