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43 sats \ 1 reply \ @Undisciplined 20 Oct \ parent \ on: The Distributional Consequences Of Bitcoin bitcoin
Even more basic is just that Bitcoin and LN reduce transactions costs. Nobel Prizes have been won for describing how reducing transactions costs increases economic efficiency (aka productivity).
This would be like a mechanic saying your car won't work any better if you use the right oil. (I think it's like that, anyway. I'm not a mechanic.)
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33 sats \ 0 replies \ @siggy47 OP 20 Oct
I see. That didn't even occur to me. They did mock the slow, expensive on chain transaction capacity somewhere, I think.
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