Decentralized Finance: The Bitcoin Advantage

This chapter contrasts Bitcoin with traditional financial systems, emphasizing the empowerment of personal infrastructure without centralized trust. Through a cautionary payroll incident, it underscores the vulnerabilities of fiat currencies and advocates for a trustless financial system. The discussion further explores the innovative Magma marketplace and the transformative potential of the Lightning Network in revolutionizing payment processes.

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Episode notes

Preston Pysh talks to Bitcoin layer two Lightning expert Jesse Shrader on the show about all the fascinating stuff they have going on with their Amboss website. Amboss is a website that analyzes all the Bitcoin full nodes and immediately settling channels that are open between the nodes on the network.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

01:43 - How did Jesse get into Layer 2 Lightning Bitcoin?

03:07 - How Jesse's background in class action lawsuits against big banks impacted the way he views Bitcoin.

05:10 - How Jesse and his founder initially designed Amboss.

05:10 - What were they trying to optimize for when they built Amboss?

05:10 - What was Lightning like in the early days when opening channels?

11:59 - How has the business plan changed for Amboss?

14:43 - Is inbound liquidity an issue for Lighting adoption?

24:37 - Comparison between the legacy financial system and Lightning.

30:44 - What is Magma's liquidity market?

32:55 - How could Bitcoin even have a "risk free" rate?

34:19 - What is the LINER (Lightning Network Rate)?

34:19 - How could the LINER impact risk free rates?

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Jesse Shrader's Twitter.
The Amboss Website.

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