I may have accidentally introduced my team at work to @⚡Lightning Goats⚡ to the point where we're now called Lightning GOATs. Guess it's one way to spread the Bitcoin message.

This article's been making the rounds on Twitter with some folks who I think are all not over here, and it's frankly a good one to get some perspective that frankly a lot of us seem more aware of in many ways, but shared in a bit of a different way. It's by Mike Green, someone who I've found very influential despite being actually pretty opposed to Bitcoin, but when I say it's making the rounds...well, I saw it posted by Luke Gromen and commented on by Natalie Brunell, so take that for what it's worth. Anyway, I think it's a good article to see get some circulation heading into the Thanksgiving Holidays as people get together over distances. Perhaps it can help us understand some of the other distances which seem insurmountable as well.

Part 1: My Life Is a Lie

How a Broken Benchmark Quietly Broke America

This isn't accurate though its repeated a lot. Bitcoin's value grows as a function of Metcalfe's Law based on its own network size. It would only be accurate if the Bitcoin network of participants were a steady state. Part of why we see volatility attenuating is because Bitcoin's network isn't growing as fast as it was in the early years in percentage terms. Because each new person represents a smaller and smaller percentage increase than the last. If this were true Bitcoin's chart would look a lot more similar to Gold's, at least if we remove the impact of derivatives and mining. We'll get there. But we have a LONG way to go. View quoted note →

So uh, lightning state updates involve time travel? 😂 If you're not seeing it, that second state update should gave the narrow point be on the left side. Those arrows are going diagonally backward in time as drawn... From Mastering the Lightning Network