Crypto Long & Short: Commerce, Dollarization or Speculation?

It’s been a complicated week for bitcoin‘s adoption story. In particular, Michael Saylor and Elon Musk gave more momentum to the idea that bitcoin can be used in commerce: Musk signaled potential for Tesla’s return to accepting bitcoin payments, and Saylor called the Bitcoin network a rail system for the global dollar. 

The best bellwether for bitcoin’s use in commerce is the Lightning Network. Briefly, Lightning is a commerce-friendly service that sits on top of Bitcoin. It allows…


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