Does a network of bitcoin S/Ls reduce volatility?

Right now BTC is an FX transfer tool with automatic central bank hedges. Bitcpin is volatile because central banks are nutty.

But the bitcoin S/Ls do not need central banking fiat, they become, as a network, a decentralized miner pool. They do their  cross checking over the BTC block chain directly, no central bank anywhere. The bitcoin ledger becomes optimally congested, bitcoin S/Ls and merchants share the cost of BTC transfer across fiat currencies.

There is one difference. When a bitcoin payment and goods delivered have completely celeared the system, all the bitcoin S/ls can agree to erase the transaction history. If it was foul, then it was foul and goes under scofflaw management.  Require a 100% agreement from ll bitcoin S/Ls in the chain, then erase it, lower the cost of block chain by making it finite. Eventually the bitcoin evolves into well designed money, back by the optimum allocation of liquidity. Liquidity across the globe always allocated to the maximum accuracy available.

As long as central banks guarantee Treasury liquidity, then sandbox technology is hard for them to use as it reveals the necessary central bank arbitrage moments. So, in the USA that means the senators are in charge of liquidity management, not the primary dealers. And in the USA tht means the congressional Adjustment Act. The central banks are truly in a conundrum, and delusional economists do not help much.

All sandbox theory.