"All manner of individual hardware electronic devices became mostly-obsolete as they became applications on a smart phone.
I view the Bitcoin/Lightning stack as being similar. The network is still tiny and has a lot of development work still to do, and nothing is for certain. But to me it looks like a powerful monetary network with a ton of upside potential over the next decade."
Today we're reading part 2 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.
As always, you can support the show by supporting and subscribing to Alpe Audio: 👉 Start learning with Alpe: https://link.alpeaudio.com/70to/d895de1
Want to learn on the go but need more depth than a podcast? Alpe is the app for you. It’s an audio education app that brings great in depth courses that are as fun as podcasts but as educational as well, a degree. Each lesson comes with summaries, additional resources, flash cards and more. You can even find Ethereum Audible on Alpe with all those additional resources.
___________________
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