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Layers
@Exp_Layers
When combined with worldwide money supply expansion, and ever growing government debt - central banks across the world are forced to make decisions and decide between:
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Layers
@Exp_Layers
...continue quantitative easing (money printing) to inflate away debt (keeping high inflation and devaluing currency for everyone). or...
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Layers
@Exp_Layers
...risk raising rates too high, and governments being unable to support the associated interest payments on debt (which leads to eventual default).
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Layers
@Exp_Layers
As people and companies are unable to preserve purchasing power, and productivity growth is unable to keep up with monetary expansion, many will seek alternatives
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Layers
@Exp_Layers
#Bitcoin is money based on #PoW. It is decentralized, and it has a perfectly predictable supply schedule. #Bitcoin is an alternative to an ever inflating currency, and for many others around the world it offers a more robust and open financial network.
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Layers
@Exp_Layers
This is ~$1 trillion (at current USD prices), settled around the world, all with no central intermediary. No entity is able to “print” more Bitcoin on a whim.
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Layers
@Exp_Layers
⚡ The Lightning Network is a scaling layer on top of Bitcoin. With its network architecture, any party can participate and is able to instantly send Bitcoin worldwide for very little fee.
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Layers
@Exp_Layers
It is the payments network for Bitcoin (like a Venmo or Visa), and it adds a very important, instant medium of exchange utility to Bitcoin - all still with native Bitcoin and also in a peer-to-peer fashion with no central intermediary.
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Layers
@Exp_Layers
In just its fifth year since launch (2018), the Lightning Network now has 5,000 bitcoin (~$100M) in deployed capital on the network, which provides a base load for payment volume and transactions.
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