Speaking of LN, the Fortune article says Bakkt will operate on a second layer solution "closely resembling ... the lightning network." I'm very interested in finding out how 'closely' and what that means for wider adoption. A successful implementation of this magnitude could open the doors to LN channels between major institutional trading houses, banks, hedge funds, etc. globally. And poof!* just like that, SWIFT and USD hegemony are no more (*I know, I know it'll be like 10+yrs, I can dream).
With the drama over the delayed ETF this week I feel an important story got buried in the process. I know it's old news now, but I want to redirect everyone's attention back to the announcement of Bakkt and a related article about the vision of the people/company behind it. If you haven't already read this article, you should: http://fortune.com/longform/nyse-owner-bitcoin-exchange-startup/. Think of the possibilities for Bitcoin adoption/use e.g. BTC trading pairs against commodities, bonds and other financial instruments... huge!
For anyone interested, the Crypto Key Stack 3-pack is here: https://cryptokeystack.com/collections/plate-add-ons/products/mnemonic-phrase-stack-plate-three-pack. I'm not associated with them in any way, I just like the solution and thought it worthy of sharing.
I really enjoyed the article about metal bitcoin seed storage by @lopp a few weeks back; https://bit.ly/2M5xfmD. I wanted to share that you can buy the Crypto Key Stack in 3-packs which is great for a 2 of 3 backup solution. Meaning plate one has words 1-6 & 11-12, plate two has words 3-10, and plate 3 has words 1-2 & 7-12. This allows one to rebuild the entire phrase with any two plates. If you store each plate in a separate location you now have added protection against loss or theft!
Always DYODD. Bitcoin, Dune, Gundam, JRR Tolkien, Joseph Campbell, Pythagoras, The Matrix and i ❤️ huckabees.
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