We Study Billionaires - The Investor’s Podcast Network BTC141: Can Bitcoin Lightning Scale Globally w/ Alexander Leishman (Bitcoin Podcast)
Aug 2, 2023
Alexander Leishman, founder of River Financial and a software engineer, dives deep into the potential of Bitcoin's Lightning Network. He discusses the real scalability issues of Bitcoin and whether it's ready for global transactions. The conversation highlights the implications of Bitcoin ETFs, the challenges of yield generation in the Lightning Network, and intriguing proposals like the ARK Layer 2 solution. Leishman touches on the importance of decentralization and the future of Bitcoin amidst regulatory developments, making for an insightful exploration.
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Bitcoin ETF: Accessibility vs. Sovereignty
- A Bitcoin ETF simplifies Bitcoin allocation for large investors, integrating it into existing financial infrastructure.
- This accessibility has a potential downside: users might not fully grasp Bitcoin's self-sovereignty aspect.
Bitcoin ETFs and the Lightning Network
- Bitcoin's immediate settlement contrasts with the ETF structure, potentially creating demand for Lightning Network channels.
- This could further complicate custodial issues for ETF investors seeking simple solutions.
Lightning Network Efficiency
- High Bitcoin volume doesn't necessitate large amounts of Bitcoin on the Lightning Network.
- Returns from facilitating Lightning payments diminish rapidly with increasing Bitcoin allocation.
