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Lightning works by creating batches of Bitcoin transactions and then rapidly verifying them—a much cheaper and faster alternative to the base Bitcoin network where transactions can take up to an hour to clear and incur a significant fee.
Well, I wouldn't have explained it like this and I am not sure if that explanation is even correct in the slightest way, but I guess people get the idea with this.
Always funny to read explanations about things you know some stuff about from people who apparently know nothing about it or are trying to dumb it down.
Yeah, I wouldnt explain it like that at all.
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Gell-Mann amnesia effect described by Michael Crichton:
Briefly stated, the Gell-Mann Amnesia effect is as follows. You open the newspaper to an article on some subject you know well. In Murray's case, physics. In mine, show business. You read the article and see the journalist has absolutely no understanding of either the facts or the issues. Often, the article is so wrong it actually presents the story backward—reversing cause and effect. I call these the "wet streets cause rain" stories. Paper's full of them.
In any case, you read with exasperation or amusement the multiple errors in a story, and then turn the page to national or international affairs, and read as if the rest of the newspaper was somehow more accurate about Palestine than the baloney you just read. You turn the page, and forget what you know.
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Haha, yes, got aware of this effect before but never realized it had a name! Well, now I know, thank you!
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