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Saylor gives away BTC via lightning network


Bitcoin maximalist Michael Saylor used the Lightning network to send 3 million sats (0.03 BTC) to three winners of his Lightning meme contest.

Crypto researcher Eric Wall shared a Twitter pool asking if Michael Saylor has completed more than three Lightning transactions.

Being a vocal Lightning network advocate, Saylor replied to the pool with a “Yes” and offered to send some bitcoin sats to winners of his Lighting meme contest.

The contest which ended on Oct. 5, saw @ShireHODL.@NEEDcreations,& @publordhodl emerge as the winners. Saylor sent each of the winners 1 million sats (approx. $203) via the Lightning network.

@ShireHODL said he was looking to digitize the meme experience and turn his stats into a digital collectible. 

Saylor on Lightning Network

Since leading MicroStrategy to purchase its first Bitcoin on Aug. 11, 2020, Saylor has been bullish on any infrastructure proven to help bitcoin reach mass adoption.

Saylor has maintained that the Bitcoin Lightning Network is the most important technology being developed today as it has the potential to scale bitcoin to billions of customers globally while leveraging the time-tested security of the Bitcoin layer.

Saylor’s MicroStrategy is working to develop a Lightning Network-based platform that will offer a Lightning wallet, enterprise servers, and enterprise authentication.

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