The State of Bitcoin and the Lightning Network – Epi-19

Podcast: Play in new window | Download (Duration: 1:43:02 — 23.6MB)

Today I wanted to go solo on a variety of bitcoin and lightning network topics I see popping up a lot in listener emails, youtube live chat and especially on Bitcoin Twitter. There is a lot going on, good news, FUD and some actual misinformation. You know real “misinformation” not the MSM version of the word.

Join Me Today to Discuss…

Why do I prefer the Fold Card over something like “BlockFi” – Get Fold
How do I use bitcoin to pay for gas or buy groceries
Why do so many shitcoin projects fail so miserably
What would be a good product to build on lightning right now
Is the lightning network actually decentralized or is it controlled by the banks
Is anyone using the lightning network
- 17K active nodes
- 81K active channels
- 92 million dollars in capacity (reusable)
- My Twitter Thread on Lightning – link
Why the “but it uses a third party argument” is stupid and usually made by people using a 3rd party anyway
Why I say, the market will make lightning scale, don’t even worry about it
If you are holding shitcoins right now and want to move to BTC should you do it now or later (it depends)
Why products like “Wallet of Satoshi” are fine for day to day lightning use and actually pretty private
The most impressive thing about the current BTC hash rate and how it destroys the energy argument – hash rate chart
MicroStrategy is quadrupling down on bitcoin, time preference = courage – link to article

Video Version of this Podcast Episode

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* The Bitcoin Breakout is a production of The Survival Podcast