Comment on Cryptocurrency Is a Giant Ponzi SchemeparentComments−thinkmassive4yYou’re on the right track, although in contrast to traditional finance Bitcoin provides the option for anyone to participate directly (in addition to the option of outsourcing that to a custodial service).The Lightning Network has progressed a lot in 5 years, but this article is still an excellent intro to the basics: https://www.coincenter.org/education/key-concepts/lightning-...
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You’re on the right track, although in contrast to traditional finance Bitcoin provides the option for anyone to participate directly (in addition to the option of outsourcing that to a custodial service).
The Lightning Network has progressed a lot in 5 years, but this article is still an excellent intro to the basics: https://www.coincenter.org/education/key-concepts/lightning-...