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Samson Mow: Lightning Network "Changes the Whole Dynamic" of Bitcoin

As part of a wide-ranging discussion with SFOX , the founder of the BTCC exchange, current CSO of Blockstream and Magical Crypto Friend, Samson Mow, has given his opinion on the status of Bitcoin and the advantages of its nascent Lightning Network.


While, through projects such as its attention-grabbing Satellite program, Blockstream has looked to support and reinforce the Bitcoin network, when Mow was asked about how he uses the cryptocurrency in real life, his reply his reply was short:


"I don't," he told the interviewer. "I use credit cards!"


Mow was keen that his statements were not misinterpreted, however. “I’ve said this before, and people have twisted it around and said I hate Bitcoin,” he stressed, “but Bitcoin is bad for payments.“. “It’s more of a store of value and a medium of wealth transfer,” he qualified.


He then went on to explain some of his philosophical feelings about Bitcoin, cryptocurrency and how it will develop.


"We generally use things however we want, right? We use a metal, which is gold, for storing wealth and value transfer. We use paper for money, too. Why do we use paper? It’s not really good: you can burn it or shred it. But in general, we just use things how we want to use them. Just because Bitcoin is information, it doesn’t really change that."

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#BTC #LightningNetwork

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