Why Bitcoin is the Best Monetary Network with Lyn Alden

Sep 3 2022 • 1hr 2m

Show Notes

“Lightning opens up interesting things, if you’re a programmer in a country, you can now get international payments directly from them without going through their country’s banking system. It’s basically peer-to-peer finance. And then they have a unit that is hard, that is harder than their local currency….basically it connects global labour, global work, global productivity in a way that didn’t exist before.”— Lyn AldenLyn Alden is a macroeconomist and investment strategist. In this interview, we discuss her latest paper on the Lightning Network (LN). We focus on the importance of Bitcoin’s base layer, how LN compares to Visa and Mastercard, and how LN is connecting the world in new and revolutionary ways. - - - - To understand the Lightning Network, you need to go back and understand money: what attributes does it need to have, and what are the best means of facilitating these attributes? Bitcoiners believe it to be the latest evolution in money. It has the best combination of features of any previous version of money: it is hard, auditable, portable, uncensorable, immutable, fungible, trustless and decentralised. Yet, Bitcoin’s Achilles’ heel, and the question that plagued its first decade, was how it could scale to become an effective medium of exchange. The capacity of the Bitcoin network is purposefully limited to ensure that the network can remain as decentralised as possible. For Bitcoin to operate as a medium of exchange, a transactional layer needed to be built on top of the network.This is the Lightning Network. It's designed to provide an instant and cheap payment system connecting the world.- - - - This episode’s sponsors:Gemini - Buy Bitcoin instantlyLedn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is herePacific Bitcoin - Bitcoin‑only event, Nov 10 & 11, 2022Ledger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultTexas Blockchain Summit - Nov 17-18, 2022 | Austin, TexasBCB Group - Global digital financial Services-----WBD549 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

Activity

@adam

25,000 sats

Sep 3 2022

This is a GREAT episode! Lots of value.

@changbang

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@turtleblitz

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@johnvyn

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@dido

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Sep 12 2022

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@cooper

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Sep 5 2022

bullish Lyn

@michaelmatulef

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Sep 6 2022

🧡

@geneeverett

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Sep 4 2022

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@justme

300 sats

Sep 5 2022

Peter, your podcasts are flippin’ great. I especially love the ones you do with Lyn. She has such an excellent knowledge of the macroeconomic situation and everything linked to it. Keep up the excellent work.

@billgraymane

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Sep 5 2022

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@btcpriestess

222 sats

Sep 3 2022

always love Peter and Lynn episodes!

@bxl909

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Sep 4 2022

🧡

@saentari

200 sats

Sep 4 2022

I expect that more people will soon be interacting with the Lightning Network, than on the base chain. But both will have their own use cases.

@allegorycave

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Sep 3 2022

Lyn is truly fascinating and such a deep thinker, her newsletter is a goldmine for anyone wishing to diversify into other assets like stocks.

@maktub786

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@user2702576717622010

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@bitcoinplusfood

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Sep 5 2022

excellent info as ever

@fightlessbirds

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@ghostoftronsington

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@cliffbjanger

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Sep 4 2022

Always a ton to learn from Lyn, great show! How about putting @HRF in the showsplit? Keep up the good work! 🙌

@user8070497542519214

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Sep 4 2022

It is good that lightning is getting more attention. Also really nice that I can stream sats and boost to your show.

@merryoscar

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@pbl

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@thatirdude

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@crumpud

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@galetaire

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Oct 5 2022

Love Lyn. Great value.

@joy88

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@unknown

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@drewb

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@manuelcortez

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@pbateman

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@jacksmies

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Sep 4 2022

Lyn just has such a great skill to summarize: Bitcoin is the best ledger. https://twitter.com/jacksmies/status/1566300274205016064?t=TitVCvh4PHJ2UIUKCal9wQ&s=19

@mkallas2

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@cwilbzz

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Sep 3 2022

love Lynn. She is such a wealth of knowledge and she’s must listen whenever she’s on a show

@livetoshoot

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Sep 3 2022

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