Bitcoiners - Live From Bitcoin Beach Why Bitcoiners Should Pay Attention to Stablecoins on Lightning | Jesse Shrader
Live from Bitcoin Beach in El Zonte, El Salvador in this episode, I sit down with Jesse Shrader from Amboss to dive deep into the Lightning Network, stablecoins on Bitcoin, and how we scale Bitcoin for real-world use.
We kick things off by discussing why stablecoins on Lightning could be a game changer and why most Bitcoiners aren’t paying enough attention to it. Jesse shares some eye-opening stats, like how Tether did $7 trillion in transactions last year, more than Visa, and explains why stablecoins need Bitcoin’s security to thrive.
We also get into Jesse’s personal Bitcoin journey, from his early days watching ads for tiny Bitcoin rewards to dealing with banking scams and shady overdraft fees in a call center job. Those experiences led him to Bitcoin, but it wasn’t until he hit insane on-chain fees in 2017 that he really saw the need for Lightning.
From there, we break down the challenges of Lightning payments, why large transactions still fail, and how Amboss is helping make the network more efficient. Jesse explains how merchants can lease liquidity instead of paying Visa’s 3% fees, and how Lightning node operators can earn yield on their Bitcoin, without counterparty risk.
We also touch on the future of Bitcoin payments, regulatory challenges, and what’s happening in El Salvador. If you’ve ever wondered how Lightning works behind the scenes and where it’s headed, this episode is for you.
Tune in and let’s talk Bitcoin!
- Mike
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Live From Bitcoin Beach