Nik Bhatia on Swan Signal 3/9/2023:
“Lightning now has to be taught within #Bitcoin 101. It’s part of my mission as an educator. #Lightning Network education must be folded into Bitcoin first principles to understand and explain Bitcoin’s role in our society, Bitcoin’s role in international finance, Bitcoin and Lightning Network’s role in the functioning of a payments network, Lightning’s role in Bitcoin becoming a capital market, and having an interest rate complex within it, which Bitcoin already does…as Lightning Network grows we will see more people publish their yield that they’re earning through Lightning and I do hope and believe one day that yield will be recognized on a global basis as one of the risk free benchmarks, or a reference rate for other capital market activity.”
The funny thing is, he was talking and writing about this idea five years ago, and River Financial published an article in October 2022 that basically demonstrates how this is turning into a reality.
Nik and others are so far ahead of the Jamie Dimons and Charlie Mungers of the world and most people don’t even know who they are.
Link to Nik’s work on the topic (Part 1 of 4): https://timevalueofbtc.medium.com/the-bitcoin-second-layer-d503949d0a06
Link to River Financial paper:
https://river.com/learn/files/river-lightning-report.pdf
Boniq / ₿oniq
npub13g…zcv3h
2023-03-11 14:22:53
Author Public Key
npub13gt4kk5dm3v5jh6r6efd0r9mk4kvvechk8gzne4ttear0vrakx3q8zcv3hPublished at
2023-03-11 14:22:53Event JSON
{
"id": "c257bf1951cbff21e1bd83f0a413eed8533d9ca512c72329cd67a6908f71fc75",
"pubkey": "8a175b5a8ddc59495f43d652d78cbbb56cc66717b1d029e6ab5e7a37b07db1a2",
"created_at": 1678544573,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"lightning"
]
],
"content": "Nik Bhatia on Swan Signal 3/9/2023:\n\n“Lightning now has to be taught within #Bitcoin 101. It’s part of my mission as an educator. #Lightning Network education must be folded into Bitcoin first principles to understand and explain Bitcoin’s role in our society, Bitcoin’s role in international finance, Bitcoin and Lightning Network’s role in the functioning of a payments network, Lightning’s role in Bitcoin becoming a capital market, and having an interest rate complex within it, which Bitcoin already does…as Lightning Network grows we will see more people publish their yield that they’re earning through Lightning and I do hope and believe one day that yield will be recognized on a global basis as one of the risk free benchmarks, or a reference rate for other capital market activity.”\n\nThe funny thing is, he was talking and writing about this idea five years ago, and River Financial published an article in October 2022 that basically demonstrates how this is turning into a reality.\n\nNik and others are so far ahead of the Jamie Dimons and Charlie Mungers of the world and most people don’t even know who they are.\n\nLink to Nik’s work on the topic (Part 1 of 4): https://timevalueofbtc.medium.com/the-bitcoin-second-layer-d503949d0a06\n\nLink to River Financial paper:\nhttps://river.com/learn/files/river-lightning-report.pdf",
"sig": "bd2cf28d1e5318f5bd44a02e3fb34d22852f2d81fffb85ed1c084cdeec9dbca9d777f996de95b241ebeb1310bcec63ceeb80450e877078802d1c0577d9a48bd5"
}