"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.

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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