"Privacy is at the root of Lightning which is a requirement for a retail payment network to succeed. It builds on Bitcoin which does not optimize for privacy⁵ but transparency and robustness." - Nicolas Burtey & Chris Hunter
As excellent piece today from the Galoy Money team that compares the current world of retail payment infrastructure with the incredible potential of a similarly architected, but fundamentally more open, permissionless, private, and censorship resistant payments system built with the Bitcoin & Lightning protocol stack. An excellent piece with a sobering, but hugely bullish vision of a Bitcoin future.
Check out the original and drop some massive applause for this piece at the link below:
https://medium.com/galoymoney/lightning-as-a-retail-payment-system-part-1-7463c46342ef
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