Crypto Update: Bitcoin Violates Support, Plunges Below $7000

As a former Wall Street analyst I always tried to know the most about whatever company I was assigned to work on.  Hours of research went into this effort. But in the end the question became: What’s the bottom line?

Today, there are dozens of crypto analysts but trying to get an answer on what’s the bottom line when it comes to The Lightning Network is another matter.  Bright, well traveled experts are claiming both amazing growth and acceptance while others insist TLN is a complete failure.

Here is my bottom line: The Lightning Network is a huge step forward for Bitcoin that will ultimately contribute to whatever level of mass adoption ends up taking place.  That is because its purpose is to facilitate small peer to peer transactions that represent the vast majority of daily financial transactions.

TLN probably sacrifices a certain amount of security… but, so what? No hacker in their right mind would waste their time swiping $5 and $6 transactions when…