Read_646 - A Look at the Lightning Network - Part 3 [Lyn Alden]

August 24, 2022 01:35:43
Read_646 - A Look at the Lightning Network - Part 3 [Lyn Alden]
Bitcoin Audible
Read_646 - A Look at the Lightning Network - Part 3 [Lyn Alden]

Aug 24 2022 | 01:35:43

/

Hosted By

Guy Swann

Show Notes

"Back when the iPhone was introduced in 2007, few people thought, “wow this could really disrupt the taxi industry a decade from now.” A few technologies had converged by that the point to where everyday people could have a pocket supercomputer with a big touchscreen and a high-bandwidth mobile internet connection, and this served as a set of building blocks that could exponentially eat into many other industries, including allowing Uber to come along and change how we move across cities. All manner of individual hardware electronic devices became mostly-obsolete as they became applications on a smart phone. I view the Bitcoin/Lightning stack as being similar. The network is still tiny and has a lot of development work still to do, and nothing is for certain. But to me it looks like a powerful monetary network with a ton of upside potential over the next decade." - Lyn Alden We are diving into the third and final part of "A Look at the Lightning Network" by Lyn Alden. This will round out a lot of what the future of lightning may hold, how it is being developed and its process of growth, and answering some of the both valid and the deeply misguided criticisms of the network. Most of which that come from the crypto space, where so many projects' very reason for existence depends on Lightning Network not working. We get into all of it, in Part 3. If you haven't yet go back and listen to Part 1 and 2, or you are going to be lost, I warned you. Otherwise, enjoy! Link to the original article and the Swan Bitcoin blog for tons of other great reading: https://www.swanbitcoin.com/a-look-at-the-lightning-network/ Check out Tony's incredible work on Lightning Network privacy, its trade offs, and future potential: https://open.spotify.com/episode/1zQxG69Ynm6Ic18SPDwg5h?si=5ba220e79e6c4954 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

December 05, 2018 00:46:32
Episode Cover

CryptoQuikRead_196 - Understanding the Technical Side of Bitcoin [Pierre Rochard]

Curious about where to start or what to possibly focus on when learning Bitcoin, Lightning, and the fundamentals of the most important tools in...

Listen

Episode

March 24, 2018 00:07:27
Episode Cover

CryptoQuickRead_031.5 - Lapp 1 - FileBazaar

7 LApps coming for Lightning Charge integration.  LApp #1 is FileBazaar, integrating lightning payments for photos, videos, and documents.From the Blockstream Blog: https://www.blockstream.com/2018/03/22/filebazaar-joins-the-lightning-charge-lapps.html ---...

Listen

Episode

May 02, 2023 01:08:45
Episode Cover

Read_726 - The Nostr Privacy Paradox [L0LA L33TZ]

"If Tor is an anonymous remailer, meaning a protocol facilitating the anonymous forwarding and receiving of messages between peers, Nostr can function as an...

Listen