The Lightning Paradox

Historical demand for light over centuries of technological innovation

Intermediate transactions do not need to be broadcast. Only the final outcome gets recorded by the network — Satoshi Nakamoto

The price elasticity of demand

The Lightning engine

It is wholly a confusion of ideas to suppose that the economical use of fuel is equivalent to a diminished consumption. The very contrary is the truth. — William Stanley Jevons

…new applications of coal are of an unlimited character. In the command of force, molecular and mechanical, we have the key to all the infinite varieties of change in place or kind of which nature is capable. No chemical or mechanical operation, perhaps, is quite impossible to us, and invention consists in discovering those which are useful and commercially practicable…. — William Stanley Jevons

We are in the age of digital gold. We are replaying the history of money right now and I think today we are smack dab in the 1700s and for the past 5–6 years I think we have been 2000 BC. We have been talking about pure value but this value is a foundation for everything else we build on top of it. First you need money, after that you need payment systems, after that contracts, institutions, etc. — Joseph Poon

Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less. — Marie Curie

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store