BTC046: Bitcoin Full Nodes & Instant Settlement on the Lightning Network w/ BTC Sessions (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Intro
This chapter explores the complexities of Bitcoin mining and the critical role of running a full node, encouraging listeners to consider setting up their own. It also highlights the benefits of the Lightning Network for facilitating instant transactions and the need to make technical knowledge accessible for beginners.
IN THIS EPISODE, YOU’LL LEARN:
- 03:46 - How BTC Sessions first got introduced to Bitcoin.
- 07:09 - Why a person should run a full node.
- 07:09 - What does a full node enable?
- 14:03 - Twitter's Bitcoin tipping integration.
- 17:40 - What tools and applications exist on layer 2.
- 32:49 - What's the best way to think about opening channels on layer 2?
- 41:38 - What are the incentives for the regular person to use layer 2 Bitcoin?
- 49:25 - What is the purpose of lightning pool?
- 59:05 - What apps and hardware is BTC Sessions excited about?
- 01:01:02 - What it means to be streaming sats.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- BTC Sessions' Twitter Account (let him know if you set-up your own node).
- BTC Sessions' Youtube Channel.
- BTC Sessions' tutorial on setting up your own node.
- Read the 9 Key Steps to Effective Personal Financial Management.
- Browse through all our episodes (complete with transcripts) here.
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