Home CryptoBitcoin Crypto: How Bitcoin Can Scale Globally

#bitcoin #world #money #population

“It is July 8 and 99% of the world’s population (nearly 7-B) gets some degree of Sunlight“–Paul Ebeling

Macro strategist Lyn Alden says it may be possible for leading digital asset Bitcoin to support the planet’s population.

In a new What Bitcoin Did interview, Ms. Alden says she can see BTC becoming a global money and supporting 8-B people due to how Bitcoin is layered.

“Yes, I think the only way it works realistically is in layers okay, which is how any complex financial system is developed. So you have basically Bitcoin [as] the base layer, [then] you have Lightning [Network] and then you have different layers of custody on top of that.

You can have things like Cash App. Cash App can scale to tons of people, but of course, you’re trusting Cash App. You’re giving up some degree of the permissionless…

I think when you combine multiple layers and technologies together, people can kind of choose their own adventure on how far down the Bitcoin stack they want to go or what their economic reality allows them to go.

Someone with a lot of Bitcoin might want to go deeper on the Bitcoin stack whereas a lot of other people might want to rely on those federated custody services or fully custodial custody services or just have their own kind of Lightning set up.”

Alden also claims money is a type of technology and that we’re still in the early phases of BTC’s existence as a currency.

If you look back in history… money is this type of technology, and I think we’re 13 years into this, and we’re still premature in terms of imagining the world in 50 to 100 years from now…

But I do think the combination of a global network, with cryptography, with proof of work, with difficulty adjustments has changed the game here in terms of what’s possible with money. And Bitcoin is obviously the best version we know of on how to do that. 

You can never really fast forward 20-30 years and say this is what the world looks like, but I think that we’ve opened this Pandora’s Box of recreating the possibility of hard money, commodity money, but one, unlike gold, moves at the speed of light.

Have a prosperous day, Keep the Faith!

#bitcoin, #world, #money, #population,

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.