Read_646 - A Look at the Lightning Network - Part 3 [Lyn Alden]

Published: Aug. 24, 2022, 4 a.m.

b'"Back when the iPhone was introduced in\\xa02007, few people thought, \\u201cwow this could really disrupt the\\xa0taxi\\xa0industry a\\xa0decade from now.\\u201d A\\xa0few technologies had converged by\\xa0that the point to\\xa0where everyday people could have a\\xa0pocket supercomputer with a\\xa0big touchscreen and a\\xa0high-bandwidth mobile internet connection, and this served as\\xa0a\\xa0set of\\xa0building blocks that could exponentially eat into many other industries, including allowing Uber to\\xa0come along and change how we\\xa0move across\\xa0cities. All manner of\\xa0individual hardware electronic devices became mostly-obsolete as\\xa0they became applications on\\xa0a\\xa0smart\\xa0phone.\\nI\\xa0view the Bitcoin/Lightning stack as\\xa0being\\xa0similar. The network is\\xa0still tiny and has a\\xa0lot of\\xa0development work still to\\xa0do, and nothing is\\xa0for\\xa0certain. But to\\xa0me\\xa0it\\xa0looks like a\\xa0powerful monetary network with a\\xa0ton of\\xa0upside potential over the next\\xa0decade." - Lyn Alden\\n\\nWe are diving into the third and final part of "A Look at the Lightning Network" by Lyn Alden. This will round out a lot of what the future of lightning may hold, how it is being developed and its process of growth, and answering some of the both valid and the deeply misguided criticisms of the network. Most of which that come from the crypto space, where so many projects\' very reason for existence depends on Lightning Network not working. We get into all of it, in Part 3. If you haven\'t yet go back and listen to Part 1 and 2, or you are going to be lost, I warned you. Otherwise, enjoy!\\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/\\nCheck out Tony\'s incredible work on Lightning Network privacy, its trade offs, and future potential:\\nhttps://open.spotify.com/episode/1zQxG69Ynm6Ic18SPDwg5h?si=5ba220e79e6c4954\\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)\\nCOME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/)\\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'