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    "result": {"data":{"site":{"siteMetadata":{"title":"Luke Michals","social":[{"name":"twitter","url":"https://twitter.com/lukemichals"},{"name":"github","url":"https://github.com/michals2/"},{"name":"linkedin","url":"https://www.linkedin.com/in/luke-michals/"}]}},"blogPost":{"id":"346a6a27-3ce3-5947-b433-f941f00c5dd4","excerpt":"Context I was listening to a  podcast  where @jackmallers referred to lightning network as the internet of bitcoin. The Internet of Bitcoin…","body":"var _excluded = [\"components\"];\n\nfunction _extends() { _extends = Object.assign || function (target) { for (var i = 1; i < arguments.length; i++) { var source = arguments[i]; for (var key in source) { if (Object.prototype.hasOwnProperty.call(source, key)) { target[key] = source[key]; } } } return target; }; return _extends.apply(this, arguments); }\n\nfunction _objectWithoutProperties(source, excluded) { if (source == null) return {}; var target = _objectWithoutPropertiesLoose(source, excluded); var key, i; if (Object.getOwnPropertySymbols) { var sourceSymbolKeys = Object.getOwnPropertySymbols(source); for (i = 0; i < sourceSymbolKeys.length; i++) { key = sourceSymbolKeys[i]; if (excluded.indexOf(key) >= 0) continue; if (!Object.prototype.propertyIsEnumerable.call(source, key)) continue; target[key] = source[key]; } } return target; }\n\nfunction _objectWithoutPropertiesLoose(source, excluded) { if (source == null) return {}; var target = {}; var sourceKeys = Object.keys(source); var key, i; for (i = 0; i < sourceKeys.length; i++) { key = sourceKeys[i]; if (excluded.indexOf(key) >= 0) continue; target[key] = source[key]; } return target; }\n\n/* @jsxRuntime classic */\n\n/* @jsx mdx */\nvar _frontmatter = {\n  \"title\": \"Lightning - The Internet of Bitcoin\",\n  \"date\": \"2021-11-13T00:00:00.000Z\",\n  \"tags\": [\"Bitcoin\", \"Lightning\"],\n  \"seo\": [\"bitcoin\", \"lightning\", \"lightning-network\", \"network\", \"btc\"]\n};\nvar layoutProps = {\n  _frontmatter: _frontmatter\n};\nvar MDXLayout = \"wrapper\";\nreturn function MDXContent(_ref) {\n  var components = _ref.components,\n      props = _objectWithoutProperties(_ref, _excluded);\n\n  return mdx(MDXLayout, _extends({}, layoutProps, props, {\n    components: components,\n    mdxType: \"MDXLayout\"\n  }), mdx(\"h2\", {\n    \"id\": \"context\"\n  }, \"Context\"), mdx(\"p\", null, \"I was listening to a \", mdx(\"a\", {\n    parentName: \"p\",\n    \"href\": \"https://saifedean.com/podcast/89-disrupting-the-global-payments-industry-with-jack-mallers/\"\n  }, \"podcast\"), \" where @jackmallers referred to lightning network as the internet of bitcoin.\"), mdx(\"p\", null, \"The Internet of Bitcoin\"), mdx(\"p\", null, \"I wanted to see if I could explain it to make sure I fully understood it.\"), mdx(\"h2\", {\n    \"id\": \"the-internet-protocol\"\n  }, \"The Internet Protocol\"), mdx(\"p\", null, \"From \", mdx(\"a\", {\n    parentName: \"p\",\n    \"href\": \"https://www.britannica.com/technology/protocol-computer-science\"\n  }, \"britannica\"), \":\"), mdx(\"blockquote\", null, mdx(\"p\", {\n    parentName: \"blockquote\"\n  }, \"protocol, in computer science, a set of rules or procedures for transmitting data between electronic devices, such as computers\")), mdx(\"p\", null, \"The modern internet is built on top the protocol TCP/IP.\"), mdx(\"p\", null, \"from \", mdx(\"a\", {\n    parentName: \"p\",\n    \"href\": \"https://en.wikipedia.org/wiki/Internet_protocol_suite\"\n  }, \"wikipedia\")), mdx(\"blockquote\", null, mdx(\"p\", {\n    parentName: \"blockquote\"\n  }, \"The Internet protocol suite, commonly known as TCP/IP, is the set of communications protocols used in the Internet and similar computer networks.\")), mdx(\"ul\", null, mdx(\"li\", {\n    parentName: \"ul\"\n  }, \"Someone came up with a standard (in this case TCP/IP) by which different computers can communicate\"), mdx(\"li\", {\n    parentName: \"ul\"\n  }, \"There were many other competing protocols but this one won out\"), mdx(\"li\", {\n    parentName: \"ul\"\n  }, \"The modern internet is built on top of these protocols\"), mdx(\"li\", {\n    parentName: \"ul\"\n  }, \"If these protocols were to disappear, the modern internet would disappear\")), mdx(\"h2\", {\n    \"id\": \"bitcoin-is-a-protocol\"\n  }, \"Bitcoin is a Protocol\"), mdx(\"p\", null, \"Bitcoin is really just a set of rules. Here\\u2019s a few of them.\"), mdx(\"ul\", null, mdx(\"li\", {\n    parentName: \"ul\"\n  }, \"There will never be more than 21M bitcoin\"), mdx(\"li\", {\n    parentName: \"ul\"\n  }, \"I own bitcoin if I have a private key (256 bit secret number) to a wallet with bitcoin in it\"), mdx(\"li\", {\n    parentName: \"ul\"\n  }, \"New bitcoins are created using computers that expend large amounts of electricity\")), mdx(\"h2\", {\n    \"id\": \"lightning-is-built-on-top-of-bitcoin\"\n  }, \"Lightning is Built on top of Bitcoin\"), mdx(\"p\", null, \"Lightning is built on top of Bitcoin. \"), mdx(\"p\", null, \"It makes it cheap, fast and simple to send payments across borders.\"), mdx(\"p\", null, \"This will enable a generation of entrepeneurs to build applications that weren\\u2019t possible.\"), mdx(\"p\", null, \"That\\u2019s why it\\u2019s the internet of Bitcoin.\"));\n}\n;\nMDXContent.isMDXComponent = true;","slug":"/lightning-is-the-internet-of-bitcoin/","title":"Lightning - The Internet of Bitcoin","tags":["Bitcoin","Lightning"],"date":"November 13, 2021","image":null,"imageAlt":null,"imageCaptionText":null,"imageCaptionLink":null,"socialImage":null},"previous":{"id":"b7e5a275-c8a7-54b1-82d7-4263bf2fd025","excerpt":"As I come across quotes I write them down in a spreadsheet. 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