Aug 29 2022 50 mins 4
"I continue to view the digitization of money as a key theme for the 2020s decade and beyond, both in bottom-up ways (e.g. bitcoins) and in top-down ways (e.g. central bank digital currencies), and am interested to see the directions that it goes in."
Today we're reading part 3, the final part, of Lyn Alden's 1:30 hour long article on the state of network. This will be a 3 part series due to length. In the first part we'll cover why a medium of exchange first needs to be built on top of a store of value. Lyn uses the lessons learned from previous Bitcoin forks and imitators to bring this point home.
In part 2 we cover why layers make sense to scale and how the Lightning Network is structured.
In part 3 we cover the critiques of the network and a summary of thoughts.
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Link to the paper: https://www.lynalden.com/lightning-network/
Analysis of Bitcoins maximum price: https://thewizardstower.com/the-bitcoin-maxi-price-whats-the-maximum-price-of-bitcoin
