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Thread: Fiat is to gold as lightning network is to Bitcoin.

  1. #1

    Fiat is to gold as lightning network is to Bitcoin.

    Fiat is to gold as lightning network is to Bitcoin.


    Fiat was effectively a layer 2 solution to scaling gold. It was backed and settled to gold until that backing was removed. Unlike fiat though, LN's settlement to Bitcoin is cryptographically secured and cannot be removed!

    https://twitter.com/SatoshiLite/stat...52738577739776


    Buckle up. LN is coming.



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  3. #2
    Checked my Litecoin this morning and was very happy
    There are only two things we should fight for. One is the defense of our homes and the other is the Bill of Rights. War for any other reason is simply a racket.
    -Major General Smedley Butler, USMC,
    Two-Time Congressional Medal of Honor Winner
    Author of, War is a Racket!

    It is not that I am mad, it is only that my head is different from yours.
    - Diogenes of Sinope

  4. #3
    Quote Originally Posted by Mordan View Post
    Fiat is to gold as lightning network is to Bitcoin.
    Fiat was effectively a layer 2 solution to scaling gold. It was backed and settled to gold until that backing was removed. Unlike fiat though, LN's settlement to Bitcoin is cryptographically secured and cannot be removed!

    https://twitter.com/SatoshiLite/stat...52738577739776
    Buckle up. LN is coming.
    So some government/authority somewhere is declaring that LN transactions are money and must be valued at whatever they say? Or does the dude simply mean paper money because fiat != paper money.



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