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The Political Perspective on Bitcoin and the Lightning Network

In the political perspective, Bitcoin and the Lightning Network are still in their infancy. As such, there is not much of a regulatory environment surrounding them yet.

However, many governments have taken stances on cryptocurrency and what it means for their citizens to own it or use it as an investment vehicle. Some countries have decided that they will not allow citizens to buy or sell cryptocurrencies within their borders while others have embraced them wholeheartedly with open arms.

In addition to this regulation from governments around the world comes taxation issues which vary widely depending on where you live: some countries tax capital gains from selling cryptocurrency at rates as high as 50 percent; others do not tax gains at all; some require reporting gains annually while others require reporting only when selling large amounts (over $10k USD).

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The Economic Perspective on Bitcoin and the Lightning Network

According to economist and professor Lawrence H. White, there are several economic implications of Bitcoin and the Lightning Network. The first is that it could have a significant impact on monetary systems around the world. This is because it's a new form of money that people can use without having any other currency or assets.

White also notes that Bitcoin may be deflationary in nature--meaning its value will increase over time--because there will only ever be 21 million bitcoins created (the last one being mined sometime around 2140). However, he also points out that if this were true then we would expect all goods and services to decrease in price as well but they don't; instead they rise steadily year after year despite inflationary pressures such as rising wages or lower production costs due to technology improvements or other factors like globalization which make goods cheaper overseas than domestically.

7 of 10

The Economic Perspective on Bitcoin and the Lightning Network

According to economist and professor Lawrence H. White, there are several economic implications of Bitcoin and the Lightning Network. The first is that it could have a significant impact on monetary systems around the world. This is because it's a new form of money that people can use without having any other currency or assets.

White also notes that Bitcoin may be deflationary in nature--meaning its value will increase over time--because there will only ever be 21 million bitcoins created (the last one being mined sometime around 2140). However, he also points out that if this were true then we would expect all goods and services to decrease in price as well but they don't; instead they rise steadily year after year despite inflationary pressures such as rising wages or lower production costs due to technology improvements or other factors like globalization which make goods cheaper overseas than domestically.