Simplifying Bitcoin for Everyday Users

This chapter explores the user experience of Bitcoin, highlighting how services like Wallet of Satoshi and Cash App make it easier for non-technical users. It also emphasizes the benefits of using River.com for Bitcoin investments, including zero fees, secure storage, and a commitment to self-custody principles.

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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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