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Besides that, I think you're overstating its significance.
a) Maxwell's equations don't claim to be 'most fundamental'. They are a concise basis set for a space of problems. They occupy a memetic sweet spot; abstractions both above and below them are more verbose. The metacircular interpreter of Kernel can't compete with McCarthy's version.
b) Any language with fexprs is 'as fundamental' as Kernel. Including LISP 1.
c) In its search for hygiene Kernel eliminates quote. Scheme folks will likely find this a useful tradeoff, while common lisp folks with their backquoted macros will shudder. In kernel you 'create macros' by explicitly consing code.