A Look at the Lightning Network [Lyn Alden]

August 30, 2022 02:20:27
A Look at the Lightning Network [Lyn Alden]
Bitcoin Audible
A Look at the Lightning Network [Lyn Alden]

Aug 30 2022 | 02:20:27

/

Hosted By

Guy Swann

Show Notes

"I think too many people in those early years interpreted “e-cash” to mean quick-and-easy payments for everyday goods using the base layer, when a better way to think of cash today is as a private censorship-resistant final settlement transaction method. Physical cash, after all, is not necessarily the easiest payment type, or a medium of exchange that we need to use for everything, but it’s the most private and the hardest to prevent from occurring." - Lyn Alden The full, uninterrupted reading of Lyn Alden's incredible piece detailing the philosophy of engineering that informed the layered approach, how the lightning network works, what the future of the lightning network may hold, and answering some common criticisms of the Lightning protocol. If you haven't heard or read this one, it is not to be missed. Enjoy. Check out the original article plus the incredible library of material authored by Lyn on her blog below: https://www.lynalden.com/lightning-network/#layers Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! Coinkite.com Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

June 01, 2023 01:01:49
Episode Cover

Read_735 - When Bitcoin Meets AI [Svetski]

"The idea of a language user interface as the next step from the thumb tapping we’ve become used to over the past decade is...

Listen

Episode

November 22, 2019 00:56:14
Episode Cover

The Bitcoin Reformation - by Tuur Demeester

INTRODUCTION At the end of the 16th century, a rag tag group of rebel intellectuals and entrepreneurs founded a country on some of the...

Listen

Episode

April 24, 2020 00:44:23
Episode Cover

Read_385 - Bitcoin & the Technological Evolution of the Financial System [BitcoinTINA]

"I think of Bitcoin as a conservative investment because it’s so superior to gold. The value of it should wind up at least equal...

Listen