How The Banks Bought Bitcoin | Lightning Network
Why Hacker News recommends it
HN mentions are thin and mostly cite it in Lightning Network discussions, as a reference point for that critical viewpoint rather than a recommendation.
What it is
A 2017 video arguing that banks and Blockstream steered Bitcoin toward the Lightning Network. It is partisan commentary from the Bitcoin Cash side of the scaling dispute.
Recommended by 0 HN commenters across 0 different months, 2018 to 2022.
What Hacker News said
Cites coyote-w-912 · 2018-05 · on “Too Clever by Half”
The author describes how coyotes win the "skirmish game" when they casually walk into suburban yards and demonstrate that they are not afraid of the humans when they do things to scare them away such as make loud noises at them. However, they lose the "meta-game" when animal control shows up and puts them down because they won't go away. The author uses this analogy to compare coyotes to financial innovators. His argument is that every time financial innovation gets out of control and the economy at large is impacted, larger powers step in and squash it. He argues tha this is what happened in the 2008 financial crisis with mortage backed securities, and that this is the same thing happening
Cites hggh · 2021-02 · on “Nano is what Bitcoin hoped to be”
> If you want faster and cheaper transactions, use lightning network, it's functional and growing in adoption. [this video]
Cites cowtools · 2022-05 · on “The problem with Bitcoin miners”
As someone who is more familiar with BCH rhetoric, I can tell you that what the parent comment is referring to is not mining companies but rather LN relay node operators and other "services" [this video]