Read_644 - A Look at the Lightning Network - Part 1 [Lyn Alden]

August 19, 2022 01:33:19
Read_644 - A Look at the Lightning Network - Part 1 [Lyn Alden]
Bitcoin Audible
Read_644 - A Look at the Lightning Network - Part 1 [Lyn Alden]

Aug 19 2022 | 01:33:19

/

Hosted By

Guy Swann

Show Notes

"Simple “bubbles” don’t survive through several 70%+ drawdowns over a period lasting thirteen years and counting; it looks more like Metcalfe’s law of network adoption at this point. That doesn’t mean it is without risks, but it means it should be studied and understood rather than dismissed, to see what it is about this network that allows it to keep growing through resistance." - Lyn Alden After about 20 requests we are finally diving into Lyn Alden's incredible piece on Bitcoin's evolution from secure store of value, to global medium of exchange. Lyn takes us through a brief history in the context of Bitcoin's success and trade offs, to the merit of its scaling philosophy, how the Lightning Network accomplishes that and what it means for Bitcoin's present and future. We will try to get through this in 3 parts, starting today with Part 1, of "A Look at the Lightning Network." Link to the original article and the Swan Bitcoin blog for tons of other great reading: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ The audiobook for Check Your Financial Privilege is now available and covers in depth many of the human rights struggles mentioned by Lyn Alden in this piece: https://www.audible.com/pd/Check-Your-Financial-Privilege-Audiobook/B0B9T6BJC4 And the audio for Allen Farrington's "Wittgenstein's Money" on experiencing the monetization of a truly new monetary good: https://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=db628c9e11b744f1 Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

September 11, 2018 00:29:41
Episode Cover

CryptoQuikRead_148 - Bitcoin as a Conflict Prevention Protocol

“To borrow from Nick Szabo, Bitcoin is a socially scalable, conflict preventing protocol.”  - Tuur Demeester   Today we read an excellent Tweet Storm from...

Listen

Episode

August 21, 2019 02:06:53
Episode Cover

CryptoChat_020 - ITS ALIVE!! Brandon Quittem & Der Gigi on the Bitcoin Organism

“Life is like fire, not water; it is a process, not a pure substance. […] The simplest, but not the only, proof of life...

Listen

Episode

January 15, 2020 00:52:19
Episode Cover

CryptoQuikRead_340 - The Cat is Out of the Bag [Nic Carter]

"Unlike Paypal, Venmo, or traditional payment processors, it cannot deplatform you for wrongthink, holding subversive political views, being a sex worker, or legally selling...

Listen