IMHO, Lightning massively increases velocity. When you look at the money velocity equation of MV=PT (M is money supply, V is velocity, P is price and T is volume of transactions), if you radically increase payment velocity, which you can with Lightning, you need less M to facilitate the… Tim Bouma Mar 28, 2024, 11:54 AM
The only thing worse than being fully-centralized is being completely self-referential.… Tim Bouma Mar 28, 2024, 11:47 AM
I love reading these ‘innovation’ documents from the traditional finance industry. This one is from the ‘Payments Innovation Jury’ where they declare ‘mobile’ is the innovative thing, and the biggest barrier to innovation is themselves not being innovative enough. I really love how they attribute their own failings and fragility… Tim Bouma Mar 28, 2024, 11:44 AM
What little amount I put into channels a few years back makes me look like a big time operator now.… Tim Bouma Mar 28, 2024, 11:23 AM
visa A LinkedIn post from someone oblivious to what Bitcoin can actually do. —— Did you catch me on TV last night? Neither did I. I recorded a segment on the #Visa/#Mastercard settlement for ABC News. Not surprisingly, they haven't used anything I said. Why "not surprisingly" Tim Bouma Mar 28, 2024, 11:21 AM
A few months back I was thinking about the banana index - how many sats does a banana cost in your country. This is a similar idea to the Big Mac index that the Economist created that compared how many hours(minutes) you needed to work in a local economy (average… Tim Bouma Mar 28, 2024, 2:55 AM
A reverse hash function. Derive private keys from public keys. A successful Docker build.… Tim Bouma Mar 27, 2024, 10:25 PM
Trust is leaving your keys in the ignition and the front door unlocked.… Tim Bouma Mar 27, 2024, 8:40 PM
