Max Hillebrand on Nostr: Because of the rug pull impossibility and single user final settlement, lightning ...
Because of the rug pull impossibility and single user final settlement, lightning seems to be in the same category as the base layer, base money with zero counterparty risk.
Everything else seems to be a variant of fiduciary media, with different trust tradeoffs and technological implementation.
Published at
2023-04-24 15:41:48Event JSON
{
"id": "8c360e471a52869a4b1f6ef7a9165123710e77a4692a00c25152333fcb124565",
"pubkey": "b7ed68b062de6b4a12e51fd5285c1e1e0ed0e5128cda93ab11b4150b55ed32fc",
"created_at": 1682350908,
"kind": 1,
"tags": [
[
"e",
"6b5b22c42cf4cdeca9028ac72cdb2564fa0db4f778045fe81fde177d42820cf3"
],
[
"e",
"bfd56b182b3aac6ead8bc7af890079e111247f43a4a88250405dbb428ac08ab4"
],
[
"e",
"87ef9c3e0d608bf339f99203aa0e343709f9130443be038a0b713f0bf0fd6845"
],
[
"e",
"5149d81c8d490413213a70a6812b2c5ef19814db23ba726ac8c187f7fd5b2072"
],
[
"p",
"b7ed68b062de6b4a12e51fd5285c1e1e0ed0e5128cda93ab11b4150b55ed32fc"
],
[
"p",
"5be6446aa8a31c11b3b453bf8dafc9b346ff328d1fa11a0fa02a1e6461f6a9b1"
],
[
"p",
"b7ed68b062de6b4a12e51fd5285c1e1e0ed0e5128cda93ab11b4150b55ed32fc"
],
[
"p",
"cbc5ef6b01cbd1ffa2cb95a954f04c385a936c1a86e1bb9ccdf2cf0f4ebeaccb"
]
],
"content": "Because of the rug pull impossibility and single user final settlement, lightning seems to be in the same category as the base layer, base money with zero counterparty risk.\n\nEverything else seems to be a variant of fiduciary media, with different trust tradeoffs and technological implementation.",
"sig": "cfd40b2982d2352bbf74c1b960142e07f28efc20487e592a7ebdd8d1e9b994604e0ede0dc1e5333be02ee20cf9f8c896814dfaf545c0aa2cc4002f38411ddbbf"
}