Because of the rug pull impossibility and single user final settlement, lightning seems to be in the same category as the base layer, base money with zero counterparty risk.
Everything else seems to be a variant of fiduciary media, with different trust tradeoffs and technological implementation.
Max Hillebrand
npub1kl…lx3vt
2023-04-24 15:41:48
in reply to nevent1q…uqps
Author Public Key
npub1klkk3vrzme455yh9rl2jshq7rc8dpegj3ndf82c3ks2sk40dxt7qulx3vtPublished at
2023-04-24 15:41:48Event JSON
{
"id": "8c360e471a52869a4b1f6ef7a9165123710e77a4692a00c25152333fcb124565",
"pubkey": "b7ed68b062de6b4a12e51fd5285c1e1e0ed0e5128cda93ab11b4150b55ed32fc",
"created_at": 1682350908,
"kind": 1,
"tags": [
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"content": "Because of the rug pull impossibility and single user final settlement, lightning seems to be in the same category as the base layer, base money with zero counterparty risk.\n\nEverything else seems to be a variant of fiduciary media, with different trust tradeoffs and technological implementation.",
"sig": "cfd40b2982d2352bbf74c1b960142e07f28efc20487e592a7ebdd8d1e9b994604e0ede0dc1e5333be02ee20cf9f8c896814dfaf545c0aa2cc4002f38411ddbbf"
}