Bitcoin’s Lightning Network (LN) was the talk of the town this past week. Watching some of the videos from the Bitcoin 2022 conference in Miami, what stood out was that a string of companies, including Robinhood, Cash App, and Strike, unveiled support and expanded uses for the Lightning Network at the conference. Ilias Louis Hatzis…
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Pooh, exercising his role as moderator at the Pooh Corner Tech Debate, pointed out that most people in the audience are focussed on the supply issues around Lightning Network ie how it works, but that the bigger issues maybe around the demand issues ie who will use it. “That is why I follow the honey”…
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Tigger bounced onto stage at the Pooh Corner Tech Debate and got a big cheer when he said “soon all Bitcoin wallets will have a Lightning Network capability and users will simply notice faster confirmation and lower fees.” A positive heckler shouted “and that will solve the economic incentive issue for node operators that Eeyore…
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Eeyore usually gets negative audience reaction at the Pooh Corner Tech Debates as his pessimistic worldview contrasts with the optimistic enthusiasm of most tech conference attendees. He started by – uncharacteristically – pandering to his audience by telling people that Lightning Network was a centralised solution; this got a heckle “why does that bother a…
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Lightning Network matters; if Bitcoin is ever going to become money it needs massive scalability that will enable totally new types of transaction such as micropayments, real time payments and mobile money for the unbanked. Linear scaling is not enough. It must be the kind of non-linear scaling that powered the Internet – like 100x…
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