The Lightning Network is arguably the most anticipated scaling solution for Bitcoin to date. Why isn’t everyone using it? “Speaking of Bitcoin” hosts Adam B. Levine, Andreas M. Antonopoulos and Stephanie Murphy are joined by Rene Pickhardt, Bitcoin and Lightning Network Developer. The four lead a conversation on the still in development yet rapidly growing Lightning Network. It’s a second-layer network that enables fast, secure, private and inexpensive payments that don’t make sense to store on bitcoin’s base layer. But while that might sound ideal, it’s not simple in practice. A scrappy community of companies and developers have been pushing the tech consistently forward as the number of hard problems still to solve ticks down. Even as early as we are, Lightning has proven to be a radical improvement on the user experience of bitcoin. On the bitcoin network, fees vary but typically range from $1–5 and complete with confirmation in an average of ten minutes. With Lightning, fees and transaction times drop dramatically: the transaction fees are generally 1/100th or 1/10th of a penny and take just seconds. If the improvements of Lightning are clear, why isn’t everyone using it today? Listen to hear more about the challenges and solutions coming to this rapidly-evolving aspect of bitcoin. Additional reading: Mastering the Lightning Network Security and Privacy of Lightning Network Payments with Uncertain Channel Balances Optimally Reliable & Cheap Payment Flows on the Lightning Network Include the Uncertainty Network into the Payment Session and potentially acrosse payment sessions Rene’s lightning test tweets Zero Base Fee graph Support Rene in his work Album art created using AI by Adam Levine/Pixelmind.ai --- Send in a voice message: https://podcasters.spotify.com/pod/show/originalltb/message

On this episode of Swan Signal, Sam sat down with Alex Gladstein and Jeff Booth for a wide-ranging discussion about the IMF/World Bank and their exploitation of the developing world, why Bitcoin represents a paradigm shift, and what tools Bitcoiners are building to help free these countries from a system that’s been weaponized against them. Timestamps: 00:00:00 “Swan Signal” Intro 00:02:02 Introducing Jeff and Alex 00:02:28 “Hidden Repression: How the IMF and World Bank Sell Exploitation as Development” 00:09:11 Explaining The “Cantillionaire Effect” 00:12:54 The History of the IMF and World Bank 00:19:30 How the IMF and World Bank Weaponize Debt 00:27:35 Bitcoin Will Help Unwind Global Debt 00:33:17 Building An Alternative System With Bitcoin 00:37:10 Global Wage Deflation 00:41:05 Bitcoin On-Chain Transactions 00:44:40 Operating Outside the System with Bitcoin 00:48:07 BRC-20 Tokens, Block Space and the Bitcoin Lightning Network 00:57:50 Fedimint 01:06:57 How to Connect with Jeff and Alex 01:08:52 “Swan Signal” Outro Connect with Guests: Sam Callahan: https://twitter.com/samcallah Jeff Booth: https://twitter.com/JeffBooth Alex Gladstein: https://twitter.com/gladstein Connect with Swan on social media: Twitter: https://twitter.com/SwanBitcoin​​​ Instagram: https://instagram.com/SwanBitcoin Telegram: https://t.me/swansignal​​​ LinkedIn: https://www.linkedin.com/company/swanbitcoin Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Get started in just 5 minutes. Your first $10 purchase is on us: https://swanbitcoin.com/yt Download the all new Swan app! iOS: https://apps.apple.com/us/app/swan-bitcoin/id1576287352 Android: https://play.google.com/store/apps/details?id=com.swanbitcoin.android&pli=1 Join us for Pacific Bitcoin Festival 2023! Purchase your tickets now before prices go up: https://www.pacificbitcoin.com/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description  Are you a high net worth individual or do you represent corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin.Find out more at: https://www.swanbitcoin.com/private/?utm_medium=social&utm_source=youtube&utm_campaign=youtube_post  Check out the best place for Bitcoin education, Swan Bitcoin’s “Bitcoin Canon”. Compiling all of the greatest articles, news sources, videos and more from your favorite bitcoiners! https://swanbitcoin.com/cannon?utm_medium=social&utm_source=youtube&utm_campaign=youtube_description Get paid to recruit new Bitcoiners: https://swanbitcoin.com/enlist?utm_medium=social&utm_source=twitter&utm_campaign=social_selling #Bitcoin #SwanBitcoin

Beer & Orange Juice

by @user611667864309866

I'm joined by guests Calle, Eric Sirion, Odell and Rijndael to discuss ecash. Discussion Topics: 00:01:30 Guest introductions 00:02:59 Chaumian ecash origins 00:08:04 ecash integration with monetary networks 00:13:49 Technicals of ecash 00:23:17 Supply and auditability 00:27:07 Is ecash the third layer of Bitcoin? 00:33:48 Cashu 00:38:12 Fedimint 00:45:09 Federated signing and sovling the double spend problem 00:51:26 Fedimint tradeoffs 00:55:24 How does the federation work? 00:57:34 Fedimint denomications problem 00:58:44 How is a federation formed? 01:03:49 Comparing Fedimint to liquid 01:07:55 Ease of use setting up a mint 01:10:14 Running a federation/setting up a mint 01:18:26 The open source movement 01:24:03 Proof of reserves in ecash 01:39:35 Onchain vs lightning mints 01:42:21 Auditability and proof of liabilities 01:45:04 Fedipools 01:51:08 Scriptable ecash 01:59:36 Nostr + ecash 02:03:52 Naming ecash units of account 02:06:26 ecash integration and intercompatability 02:11:49 Final thoughts Notes & Resources: Fallacies of distributed computing [Wikipedia] Fedipool: Fedimint Could Mitigate Bitcoin Mining Pool Concerns [Odell] Fedimint [Website]/ [Github] Fedimint Primer [Bitcoin Design] Cashu [Website]/[Github] Nutstash eCash for Better Bitcoin Privacy [MAX MONEY 21M] Cashu Tutorial - Chaumian Ecash On Bitcoin [BTC Sessions] Links & Contacts: Website: https://bitcoin.review/Podcast Twitter: https://twitter.com/bitcoinreviewhq NVK Twitter: https://twitter.com/nvk Telegram: https://t.me/BitcoinReviewPod Email: producer@coinkite.com Nostr & LN:⚡nvk@nvk.org (not an email!) Full show notes: https://bitcoin.review/podcast/episode-31