"The Jevons paradox is a staple of environmental economics used to describe how the introduction of more efficient technologies tends to increase the consumption of resources rather than decrease it." - Alex B.
Will Lightning steal fees from Bitcoin miners and threaten the security of Bitcoin into the future? Or will is be the aggregation layer that enables so many additional and higher value use cases for Bitcoin block space, that it may be the very thing necessary to enable the fee growth needed to sustain Bitcoin indefinitely? An excellent piece read today from Alex B...
The Lightning Paradox:
https://medium.com/@bergealex4/the-lightning-paradox-f15ce0e8e374
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"The computers used to create valuable new Bitcoin tokens and validate transactions consume around the same amount of energy as a medium-sized country such...
Next up in the Gradually, Then Suddenly series by Parker Lewis and available on the incredible blog over at unchained-capital.com is "Bitcoin, Not Blockchain."...
Continuing our journey through the incredibly thorough and knowledgeable work by iterative.capital that focuses and clarifies the highly misunderstood narrative around the Cryptocurrency Phenomenon....