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The Future of Lightning Networks
I'm really excited about enterprise adoption of the lightning network. The fact that folks with Bitcoin holdings can start earning yield at very low risk is exciting. Noster is incredible as a new social network and a social network protocol. It just really lowers the friction involved in payments. This whole system doesn't need to blow up and we can have cheaper payments.
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?
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