3min chapter

The "What is Money?" Show cover image

WiM050 - The Saylor Series | Episode 12 | Why Bitcoin Succeeds

The "What is Money?" Show

CHAPTER

The Lightning Network Is Critical to Bit Coin Success

Yesiman: I think the lightning net work is really strategic to the coliferation of bit coin. As long as someone can take ina settlement of a hundred thousand dollars in an hour et for five bucks or 50 cents, i think right now, probably if you took, if you u sed, a lower fee and you were willing to wait longer. He says that optionality is what keeps counter parties honest. Yesiman: If we can engineer a decentralized, non costodia crypto asset network, then there's no reason why we couldn't engineer a layer to a bick coin that's also non costodial and decentralized.

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