0 sats \ 0 replies \ @cointastical OP 3 Feb 2023 \ parent \ on: Lightning network is a lifesaver for the economy when more of us have no savings bitcoin
Even fiat has kind of slow settlement times.
Lyn Alden in BCB091, Solving The Money Velocity Problem | Blue Collar Bitcoin 📺 #123659
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]
write
preview