STW1⚡️: Exploring Lightning's Web Economy

https://www.youtube.com/watch?v=ddwd2EPGUY0

Roy Sheinfeld is the co-founder and CEO of Breez, a Bitcoin company focused on Lightning payments.

Every time you google something, every time you goof off do serious research on YouTube or Instagram, every time you order an Uber, every time you check your portfolio or read the news, you’re using the web. As a matter of fact, you’re using the web right now reading this. The web is a tool, but it’s a tool in the same way that lungs or thumbs are tools; it’s become an integral part of us that we use constantly without even thinking about it.

Money is similar in that we use it constantly and unconsciously. As long as your refrigerator is running, as long as your funds are accruing interest somewhere, as long as the debt clock on your loan is ticking, you’re involved in financial activity. Your financial self is awake, maintaining its position in the global network of value, even as you sleep.

Bitcoiners tend to be acutely aware of this sort of thing. If you use Lightning, you probably see it as a conduit between you and that global network of value. It’s not just a way to buy a beer in Helsinki; Lightning connects you to the sea of Bitcoin.

Weirdly, these two vital networks — the web and Lightning — still operate in parallel with little integration. We don’t want to live without either one, but the seams between them are palpable, sometimes awkward.

As I learned at the bolt.fun hackathon (shoutout to my man Johns!), many web developers would love to build apps with Lightning functionality. The will to integrate is out there, but many seem not to realize that there’s a way, too. In fact, there are several ways to bring Lightning to the web and each is evolving with its own strengths and use cases. Maybe the world just doesn’t know about or understand them?

So let’s do it. Let’s look at how to integrate the web and Lightning, drawing the strands out, weaving them together and making a stronger, combined, seamless net.

Read Roy's full article here 👇

Source: https://bitcoinmagazine.com/technical/how-lightning-can-integrate-with-the-web

About this video

Roy Sheinfeld from Breez talks about the exciting opportunities within Lightning's web economy.

00:00 - Introduction to Lightning and the Web Economy

39:30 - Use cases

44:22 - Issues w. offline mobile nodes

45:50 - Exciting opportunities w. Lightning

47:09 - Liquidity and yield within Lightning's economy