Pooh, exercising his role as moderator at the Pooh Corner Tech Debate, pointed out that most people in the audience are focussed on the supply issues around Lightning Network ie how it works, but that the bigger issues maybe around the demand issues ie who will use it.
“That is why I follow the honey” continued Pooh. “The El Salvador legal tender decision is all about remittances. Through Strike and Lightning Network, people can send/receive/spend money super fast and dirt cheap. This is real competition to using USD and Western Union.”
“Being a bear of little brain”, continued Pooh in his best humble brag voice, “I do NOT have all the answers but these are the questions I am asking:
- How many people in the Rest of the World are getting paid in Bitcoin and spending in Bitcoin?
- How much money are investors putting into uses of Lightning Network? Are those startups focussed on West or Rest?
- Are people in the Rest of the World using Bitcoin or some other cryptocurrency?
I am not interested in a lot of opinions, show me the data!
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