pull down to refresh

211 sats \ 2 replies \ @davidw 29 Aug 2022 \ on: Lyn Alden AMA bitcoin
Thanks for sharing all your work & research Lyn. It’s been incredibly valuable these past few years and your paid newsletter is pure gold corn.
Not sure if you’ve given it much thought but curious…
  1. What sort of world in the 2030s do you envisage will be facilitated by the Lightning network / L2s?
  2. What will entrepreneurship look like do you think with Bitcoin?
write
preview
196 sats \ 1 reply \ @lynaldencontact OP 29 Aug 2022
I think we have to get through 5-year periods at a time; it's always hard to look out 10 years or 15 years with technology.
In general, I think BTC/LN can bring more financial access to unbanked people, can give people more access to hard money or censorship-resistant payments, etc. I think the proliferation of bitcoin (and stablecoins for a period of time) will make it harder for some of the smallest and most poorly-run currencies to survive, because people will choose bitcoins and dollars instead. There doesn't need to be 200 currencies in the world; that's a very inefficient system that hurts people who try to save in the weakest currencies. If base layer fees get high, it can also encourage more usage of other L2s as well.
I think just like how the internet lowered the hurdle for running a small business, I think BTC/LN can also help with that. It's another piece that lowers the frictions between an entrepreneur and their potential customers.
reply
0 sats \ 0 replies \ @StanKozlovski 2 Sep 2022
Great point on LN reducing the hurdle. The website we're on is the prime example of that - facilitating value transfer between people at the speed of light(ning) without any major regulatory hurdles!
reply