"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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Channel balances, gateway routing nodes, non-advertised channels, buffer capital, source routing, onion routing, bridge channels, and atomic multi-path payments. Take a dive into the...
"But there is something even more interesting that happens with mining and electricity. Not only does Bitcoin mining add revenue to existing locations of...
7 LApps coming for Lightning Charge integration. LApp #1 is FileBazaar, integrating lightning payments for photos, videos, and documents.From the Blockstream Blog: https://www.blockstream.com/2018/03/22/filebazaar-joins-the-lightning-charge-lapps.html ---...