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22 sats \ 2 replies \ @DarthCoin 11h \ on: What is bitcoin? (a draft) bitcoin_beginners
NOT a single word about Lightning Network?
Bitcoin onchain = the vault, the final settlement
Bitcoin LN = the payment network
Bitcoin itself cannot evolve or work properly without LN. Without LN will be just a "reserve asset" bullshit and people will use crap tokens backed by BTC reserves (or not even that).
LN cannot exist and work without onchain.
Might put lightning in. What I wrote frankly got way longer than I'd hoped (beyond one or two sentences!). Didn't even plan to go down the bitcoin vs gold path either...was kind of freestylin' while writing. Will consider LN though. Thanks, this is why I asked.
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Maybe this could inspire you more: Bitcoin is like the second discovery of fire
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