Bitcoin : Dr. Peter Rizun: “Due to the need to be online to get paid, LN users will have custodial accounts with LN hubs. The credit extended to users will exceed the BTC locked in LN channels for the same reason the $ in bank accounts exceeds the $ in physical cash. LN is not P2P e-cash, it’s banking 2.0.”

Bitcoin : Dr. Peter Rizun: “Due to the need to be online to get paid, LN users will have custodial accounts with LN hubs. The credit extended to users will exceed the BTC locked in LN channels for the same reason the $ in bank accounts exceeds the $ in physical cash. LN is not P2P e-cash, it’s banking 2.0.”

Dr. Peter Rizun: “Due to the need to be online to get paid, LN users will have custodial accounts with LN hubs. The credit extended to users will exceed the BTC locked in LN channels for the same reason the $ in bank accounts exceeds the $ in physical cash. LN is not P2P e-cash, it’s banking 2.0.”

View the link

Bitcoin

Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.

Author: scotty321

Score: 453

Don’t forget to share the post if you love it !