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BTC2019: Advanced Lightning Applications | Olaoluwa Osuntokun

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Evolution of mail and the future of payments

Summarizing a recent conversation I had with friends comparing messages to payments, and what happens when technology drives down costs… In the 1800s people used to send maybe one letter a month. Then in the 1900s telephones became available, and for $1 a minute you could even call long distance to other countries, maybe a few times a month. With SMS, at $0.20 each, people might send a few messages a day. Peak SMS globally was 20B messages a day.  Then WhatsApp, ...