Read_421 - Lightning as a Retail Payment System [Nicolas Burtey]

July 27, 2020 01:08:08
Read_421 - Lightning as a Retail Payment System [Nicolas Burtey]
Bitcoin Audible
Read_421 - Lightning as a Retail Payment System [Nicolas Burtey]

Jul 27 2020 | 01:08:08

/

Hosted By

Guy Swann

Show Notes

"Privacy is at the root of Lightning which is a requirement for a retail payment network to succeed. It builds on Bitcoin which does not optimize for privacy⁵ but transparency and robustness." - Nicolas Burtey & Chris Hunter

As excellent piece today from the Galoy Money team that compares the current world of retail payment infrastructure with the incredible potential of a similarly architected, but fundamentally more open, permissionless, private, and censorship resistant payments system built with the Bitcoin & Lightning protocol stack.  An excellent piece with a sobering, but hugely bullish vision of a Bitcoin future.

Check out the original and drop some massive applause for this piece at the link below:
https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef

Start your stacking if you haven't! The train is leaving the station! swanbitcoin.com/guy will get you $10 free to start, and set your auto-purchase Bitcoin savings plan in motion. Set it and forget it.

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

March 30, 2024 00:49:09
Episode Cover

Read_811 - Speaking Freely

"You have to decide how to move forward. You have to decide what game you want to play; how much responsibility you are willing...

Listen

Episode

May 28, 2024 00:35:10
Episode Cover

Reboot - Invalid Blocks Need Not Apply

Ideas and ways of thinking are much like paths in the wood. When we explore them often they are well worn and clearly defined....

Listen

Episode

April 16, 2024 01:03:05
Episode Cover

Read_814 - Dogma Kills Brain Cells

"That dogma was necessary — without it the people who have built this ecosystem into what it is today wouldn’t have had the motivation...

Listen