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1/ A while back I was chatting with someone on here about how it is only a matter of time before people get sick of data leaks at centralized services like Google Cloud or Dropbox and how people will switch to trustless protocols.

2/ Just a few days later there were news about a new data leak at Google Photos, so I decided to write a thread about how the #bitcoin protocol and layer 2 solutions can fix this problem.

digitaltrends.com/mobile/google-…
3/ There are so many innovations happening in #bitcoin it is hard to keep track, or even imagine the possibilities. The one I will be focusing today is the Lightning Network and some applications that can be build on top.

medium.com/digitalassetre…
4/ Some altcoins (Siacoin, Filecoin) were experimenting with the idea of decentralized data storage, to make it more secure and efficient. BUT, we want to be paid in something that has value.
5/ The only digital asset that is truly scarce and has value is #bitcoin

notion.so/Bitcoin-is-not…
6/ Last year Storm was released. A distributed storage and messaging application on top of Bitcoin / Lightning Network.

7/ "the data that gets sent for storage gets divided into multiple pieces for greater security, so that no single entity that offers disk space is able to access the contents."
8/ "Basically, a global open market for data storage would get created through Storm, and disk space could be priced competitively and according to individual or enterprise expectations."
9/ This competes with Google, Amazon, Microsoft and many more. This will hurt the margins quite a bit, or even make the business unprofitable for some of these companies.
10/ The last piece that's missing is better user experience. Users should just use it. Something like automated channel management on the lightning network. Luckly people in the industry are well aware and problems get solved.

bitcoinmagazine.com/articles/light…
11/ This trend is not just happening in storage and messaging, but also in social media. Im pretty sure, that this open standard will not run on LNP/BN but who knows.
12/ This is my first real twitter thread to show some of the possibilities that #bitcoin has to offer to my non-bitcoin / stock investors followers; hope you like it!
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