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BTC114: Bitcoin is Banking and Electrifying the Developing World w/ Lyn Alden and Alyse Killeen (Bitcoin Podcast)

33 snips
Jan 25, 2023
Lyn Alden, a savvy financial analyst, and Alyse Killeen, the founder of Stillmark Capital, dive deep into the transformative power of Bitcoin and the Lightning Network. They discuss emerging businesses and predict significant developments in the coming years. Topics include grassroots Bitcoin adoption in developing countries like El Salvador, the contrast between stablecoins and CBDCs, and the exciting innovations that the Lightning Network brings to underserved communities. Their insights on inflation also shed light on economic challenges in countries like Egypt and Argentina.
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INSIGHT

Lightning Network's Utility Focus

  • The Lightning Network is utility-focused, emphasizing payments and infrastructure.
  • This focus makes it resilient, similar to how utility-focused companies thrived during the 2008 crisis.
INSIGHT

Lightning Network as a Platform

  • Lightning Network enables new business models like mobile did, such as Uber.
  • It also allows for more efficient operations due to lower costs, similar to cloud computing's impact in 2008-2009.
ANECDOTE

Damus and Nostr

  • Preston Pysh describes a new app called Damus, built on the Nostr protocol, which integrates Bitcoin Lightning tips.
  • This integration allows for frictionless micropayments and demonstrates the growing adoption of Lightning.
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