“Lightning is a new set of rules. A new protocol on top of the Bitcoin network...giving this natively-digital bearer-instrument cash finality.
The first killer app of the Lightning Network is clear as day- it's making borderless payments free and instant.”
@JackMallers
The first killer app of the Lightning Network is clear as day- it's making borderless payments free and instant.”
@JackMallers
“The existing monetary networks- you’ve got ACH + Visa, ACH + Square, ACH + PayPal. Bifurcated networks that exist independent from each other.
What @ln_strike is trying to achieve is ACH + the Bitcoin network- a global open monetary network.”
What @ln_strike is trying to achieve is ACH + the Bitcoin network- a global open monetary network.”
“We’ve set up lightning + Bitcoin infrastructure all over the world. There’s strike infrastructure that represents Central America, Ireland, UK, Australia, Canada. We’ve got all these nodes in this monetary network set up, acting on behalf of users in that geographical location.”
"The results of this are that I can move a physical bearer instrument anywhere in the world at no variable cost. It is cheaper, faster, more inclusive and more global than any other monetary network in the world."
"If I want to send USD$100 to an El Salvadorian citizen:
1. @ln_strike debits my Chase account
2. Converts it into bitcoin on the lightning network
3. Sends that physical value across an ocean (in one second and at no cost)
4. Then converts it back into a stablecoin."
1. @ln_strike debits my Chase account
2. Converts it into bitcoin on the lightning network
3. Sends that physical value across an ocean (in one second and at no cost)
4. Then converts it back into a stablecoin."
“There is so much innovation on this network that it is absolutely going to swallow these private monetary networks whole. And i think it’s going to happen soon.”
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