Pooh, exercising his role as moderator at the Pooh Corner Tech Debate, pointed out that most people in the audience are focussed on the supply issues around Lightning Network ie how it works, but that the bigger issues maybe around the demand issues ie who will use it.
“That is why I follow the honey” continued Pooh. “The El Salvador legal tender decision is all about remittances. Through Strike and Lightning Network, people can send/receive/spend money super fast and dirt cheap. This is real competition to using USD and Western Union.”
“Being a bear of little brain”, continued Pooh in his best humble brag voice, “I do NOT have all the answers but these are the questions I am asking:
- How many people in the Rest of the World are getting paid in Bitcoin and spending in Bitcoin?
- How much money are investors putting into uses of Lightning Network? Are those startups focussed on West or Rest?
- Are people in the Rest of the World using Bitcoin or some other cryptocurrency?
I am not interested in a lot of opinions, show me the data!
Some subjects are too complex for our short attention spans, so we do 4 posts one week apart (see here for 1,2,3 some may not be published yet), each one short enough not to lose your attention but in aggregate doing justice to the complexity of the subject. Stay tuned by subscribing.
Daily Fintech’s original insight is made available to you for US$143 a year (which equates to $2.75 per week). $2.75 buys you a coffee (maybe), or the cost of a week’s subscription to the global Fintech blog – caffeine for the mind that could be worth $ millions.
Pooh, exercising his position as moderator on the Pooh Nook Tech Debate, identified that most individuals within the viewers are focussed on the availability points round Lightning Community ie the way it works, however that the larger points possibly across the demand points ie who will use it.
“That’s the reason I observe the honey” continued Pooh. “The El Salvador authorized tender choice is all about remittances. By Strike and Lightning Community, folks can ship/obtain/spend cash tremendous quick and grime low-cost. That is actual competitors to utilizing USD and Western Union.”
“Being a bear of little mind”, continued Pooh in his finest humble brag voice, “I do NOT have all of the solutions however these are the questions I’m asking:
- How many individuals within the Remainder of the World are getting paid in Bitcoin and spending in Bitcoin?
- How a lot cash are buyers placing into makes use of of Lightning Community? Are these startups focussed on West or Relaxation?
- Are folks within the Remainder of the World utilizing Bitcoin or another cryptocurrency?
I’m not curious about quite a lot of opinions, present me the information!
Some topics are too complicated for our quick consideration spans, so we do 4 posts one week aside (see right here for 1,2,3 some is probably not revealed but), every one quick sufficient to not lose your consideration however in combination doing justice to the complexity of the topic. Keep tuned by subscribing.
Each day Fintech’s unique perception is made obtainable to you for US$143 a 12 months (which equates to $2.75 per week). $2.75 buys you a espresso (possibly), or the price of per week’s subscription to the worldwide Fintech weblog – caffeine for the thoughts that may very well be value $ hundreds of thousands.