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The State of Bitcoin and the Lightning Network – Epi-3165

The Survival Podcast Posted on by

Podcast: Play in new window | Download (Duration: 1:43:43 — 23.7MB)

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 buy groceries or gas with Bitcoin
  • 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

 

Resources for today’s show

 

Sponsors of the Day…

  • Start9.com – Take Back Your Digital Sovereignty
  • Ridge Wallet – Minimize your EDC and Protect your Identity

 

Video Version of this Podcast Episode

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