We Study Billionaires - The Investor’s Podcast Network BTC209: Bitcoin Lightning Balancing MoE and SoV w/ Roy Sheinfeld (Bitcoin Podcast)
Nov 20, 2024
Roy Sheinfeld, CEO and founder of Breez, is a key figure in Bitcoin's Lightning Network. He explores how Breez enhances Bitcoin transactions, tackling challenges for mainstream adoption. Sheinfeld argues that Bitcoin must serve as both a store of value and a medium of exchange, envisioning a future of global financial freedom. He shares insights on the evolutionary journey of Bitcoin, competition with fiat, and practical advice for developers. The discussion also highlights successes like Breez’s partnership with Yopaki, showcasing Bitcoin's potential in underserved regions.
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Bitcoin's Future as a Global Currency
- Breeze aims to make Bitcoin a global, decentralized currency, countering CBDCs.
- They believe Bitcoin must function as both a store of value and a medium of exchange.
Scaling Bitcoin with Lightning Network
- Bitcoin's medium-of-exchange adoption requires scaling, and the Lightning Network is key.
- Despite challenges, Lightning Network is improving and major exchanges are integrating it.
Store of Value and Medium of Exchange
- Store of value inherently implies future exchange for price discovery.
- A good medium of exchange must also retain some value, making both properties essential for money.