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0 sats \ 3 replies \ @cointastical OP 2 Feb 2023 \ on: Lightning network is a lifesaver for the economy when more of us have no savings bitcoin

In the title I had wanted to use the words "could be a lifesaver" instead of "is a lifesaver", as I am not certain of this, and certainly haven't studied it. But the title would have then exceeded the maximum length allowed on SN.

Some things I found in trying to understand more about how bitcoin relates to the velocity of money.

BTC010: Bitcoin & Layered Money W/ Nik Bhatia (Thoughts on the Velocity of Money segment begins at 0:32:25)
https://www.youtube.com/watch?v=FkW31xHP95o&t=1945s

Bitcoin mitigates the inherent limitations of traditionally sound stores of value while also harboring the potential to meet today’s monetary velocity needs as a medium of exchange. For this reason it has entered the contemporary financial whirlwind as a great decomplexifier. It introduces a natively digital token with immediate cash finality, while simultaneously assuring holders of a fixed supply by way of a decentralized ledger. BTC is also the first ever digital bearer asset, and it can be self custodied with no counterparty risk.

https://lookingglasseducation.com/fixing-broken-fiat-plumbing

The technology of bitcoin allows you to build a system, peer-to-peer, that doesn't require debt for velocity of money. And what I just said is probably the most important thing about bitcoin.

https://twitter.com/Blue_CollarBTC/status/1533468408217587713 [Nitter]

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0 sats \ 1 reply \ @cointastical OP 3 Feb 2023
Even fiat has kind of slow settlement times.

Lyn Alden in BCB091, Solving The Money Velocity Problem | Blue Collar Bitcoin 📺
#123659
https://www.youtube.com/watch?v=vrM0V8jIxMs

In the last Tweet of this Twttter thread is:

Broad Summary: Settlement intermediates create time delay and require debt to function.

Because bitcoin can settle “physically” at the speed of light, money velocity is no longer constrained by debt.

https://twitter.com/lylepratt/status/1533609704244629507 [Nitter]

Here's a paper that looks at velocity of money for "crypto", but I didn't do much more than skim it.

Cryptocurrencies and the Velocity of Money
https://cryptoeconomicsystems.pubpub.org/pub/pernice-cryptocurrencies-velocity/release/9

Another paper that I didn't do much more than skimming for nuggets:

MicroVelocity: rethinking the Velocity of Money for digital currencies
https://arxiv.org/pdf/2201.13416.pdf

This following Reddit post (and concepts) is describing a somewhat related concept. It was interesting. Just thought I'ld share.

nobody seems to be discussing this (money theory and lightning network)
https://reddit.com/r/BitcoinMarkets/comments/8qtwvd [Teddit]

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0 sats \ 0 replies \ @247bf84fda 25 Aug 2025 freebie

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0 sats \ 0 replies \ @247bf84fda 25 Aug 2025 freebie

deleted by author