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"Simple \u201cbubbles\u201d don\u2019t survive through several 70%+ drawdowns over a period lasting thirteen years and counting; it looks more like Metcalfe\u2019s law of network adoption at this point. That doesn\u2019t mean it is without risks, but it means it should be studied and understood rather than dismissed, to see what it is about this network that allows it to keep growing through resistance." - Lyn Alden\n\nAfter about 20 requests we are finally diving into Lyn Alden's incredible piece on Bitcoin's evolution from secure store of value, to global medium of exchange. Lyn takes us through a brief history in the context of Bitcoin's success and trade offs, to the merit of its scaling philosophy, how the Lightning Network accomplishes that and what it means for Bitcoin's present and future. We will try to get through this in 3 parts, starting today with Part 1, of "A Look at the Lightning Network."\n\nLink to the original article and the Swan Bitcoin blog for tons of other great reading:\nhttps://www.swanbitcoin.com/a-look-at-the-lightning-network/\nThe audiobook for Check Your Financial Privilege is now available and covers in depth many of the human rights struggles mentioned by Lyn Alden in this piece:\nhttps://www.audible.com/pd/Check-Your-Financial-Privilege-Audiobook/B0B9T6BJC4\nAnd the audio for Allen Farrington's "Wittgenstein's Money" on experiencing the monetization of a truly new monetary good:\nhttps://open.spotify.com/episode/1eVvYlfTRG7zGjkZW8klIE?si=db628c9e11b744f1\n\n\ufeffCheck out our amazing sponsors and the products that Guy uses most in the space:\n\u2022 The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)\n\u2022 Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold)\n\u2022 Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com\nLearn more about your ad choices. Visit megaphone.fm/adchoices\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message