1)I am seeing an increasing number of people under the impression that #lightning as an overlay bridge network for #blockchains (via atomic swaps) is a great thing for alts.

And they can not be more wrong.

In reality, Lightning is where #altcoins will come in droves only to die
2) At the moment, all blockchains are entirely segregated from one another. The only real bridge that exists today are exchanges which are largely inefficient with enormous amounts of friction, ie. registration, KYC/AML, confirmation wait times for deposits/withdrawals, etc.
3) Friction & segregation of networks protects smaller networks from larger ones consuming & engulfing them. Network theory teaches us that we continually gravitate towards the singularity, after all this is the entire premise of a network. This is evident all throughout history.
4) One of the best examples of human networks is language. If we were to confine 100 humans of different backgrounds to a small, localized, isolated area and we returned some time later, it is safe to assume that we will return to a population with a single converged language.
5) This is largely the history of all modern human languages we have today, they are each byproducts of language convergence of surrounding, nearby local tribes and villages some thousands of years ago; whether through conquest, trade, or diplomacy..
6) Until a sustainable *singularity* was reached within each localized, geographic area. The reason so many languages continue to exist today is due to friction & geographic segregation. Languages are able to continue to exist and flourish in isolation in their respective areas.
7) With the advent of the Internet, we are witnessing the very same language convergence 1000s of years ago scaled to a global level. I'm specifically referring to English. The Internet has increased the fluidity/liquidity/availability of communication by eliminating friction..
8) from geographic isolation and segregation. Communication is so available and so fluid today, that language is converging to a singularity on a global scale. Through the Internet, English has begun penetrating all societies & languages, and will begin slowly engulfing them.
9) Fast forward to #Lightning. Lightning will do for Bitcoin what the Internet is doing for English.

Lightning as a bridge network will exponentially increase the liquidity, fluidity and availability of #Bitcoin & drastically narrow the friction & bridge gaps between blockchains
10) This will eventually result in the #Bitcoin singularity as Bitcoin is the single most liquid & largest network by orders of magnitudes. Lightning will enable Bitcoin to flow & penetrate into everything and engulf them. Segregation currently protects all altcoins from Bitcoin.
11) Keep in mind that these are all just simple digital numbers and information at the end of the day. There is nothing inherently special in them other than their network effects. Study network theory, only then will you will realize a multicoin universe is a fool's dream. /END
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Melik Manukyan ⚡️ ludvigart.com
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!