How does Bitcoin fix markets? Pay attention.

A UTXO on-chain requires no attention. It’s literally designed to live freely and preserve its value even if the owner becomes unconscious for decades.

A UTXO sent to a Lightning channel requires 24/7/365 attention and is designed to require such attention to preserve trustlessness.

Bitcoin and Lightning redistribute human attention from saving to spending and consuming, where they can be best used by a market to discover prices.

Reply to this note

Please Login to reply.

Discussion

No replies yet.