When it comes down to it, it is very hard, if not impossible, to compete with (practically) free. Annually about $3 trillion is paid by merchants to the financial industry in transaction fees. So if Lightning can be made to work for merchants, they would be fools to not take a serious look into accepting that as a payment method.

Caitlin long needs to stop mentioning meth in the same sentence

Very astute article. It wasn't until I finished it that I saw that Caitlin Long was the author. Makes sense. She's always worth listening to

For additional comments on this article, see also another post found here on SN, where the article was shared again:

Banks Are About To Face The Same Tsunami That Hit Telecom Twenty Years Ago #120136 https://www.forbes.com/sites/caitlinlong/2022/09/23/banks-are-about-to-face-the-same-tsunami-that-hit-telecom-twenty-years-ago [Archive]

Yes, I think comparing Bitcoin with Voip is the best analogy so far.

This is a big brain article.

Good stuff