Lightning Network

And interestingly, you can hook up, for example, like Lightning on top of Liquid as well.

So you can have potentially swaps between Bitcoin and Lightning via the Lightning Network too.

I don't know if that's popular, but...

Yeah, I mean, this has been a product Blockstream's worked on for literally like 10 years.

yeah and I actually I mean I was going to kind of make that point again I mean to me I think there's a lot of interesting you know points in this but you know I actually think sailor actually put that and he had that that nice like tweet storm I guess I don't know if it was like the Bitcoin maximum is more number ever I'm sorry, where he made the points like, I think we from the early days of Bitcoin, you know, maybe took a lesson that was important, but made it the only lesson, which is not your keys, not your coins, or like, you know, the right to hold keys is an obligation to hold keys.

And I think, you know, the way I'm seeing this move increasingly is like, it's not that like, you should never trust a custodian, or, you know, take everything yourself.

or never trust a side chain ever, like all side chains are bad or all lightning network nodes are bad or whatever.

I think the point this all raises to me is like in an open system with free competition and transparency, you should evaluate and really see which custodians and counterparties you trust.

Four sats per vbyte.

And total public Lightning capacity, 3,753.

What are you getting there, 78 iPhones? Not the new Duo.

You're definitely not getting 78 Duos per Bitcoin.

Dude, that's impressive for a fast food restaurant.

The firm last year stated or started accepting Bitcoin payments using the Lightning Network.

It added that it would add the cryptocurrency to its balance sheet and announced in January it had added $10 million of Bitcoin to its strategic reserve.

Back in April, Steak and Shake chief Maha officer Michael Boas told attendees at the Bitcoin 2026 conference that Bitcoin has become a core driver of the chain's business performance.

There's blockchain memory game called Shaw Memory, and I have a graphic novel, and I have seen a graphic novel teaching aid a while, a while back.

I'm in the process of trying to figure out Lightning Walts for my 8 and 10-year-old, a way to pay allowances via Lightning Network so they can, uh, watch their stack grow.

See, I would have said a while ago, that's a great use for Liquid too, for small things like that, because that's what I did.

I put my kids' allowances in Liquid.

Are we being maneuvered to where it's harder and harder and harder to actually use Bitcoin as one of the reasons Bitcoin was invented in the first place, peer-to-peer, uncensorable cash across the internet? Is it, uh, it seems to me that the events, especially surrounding ColdCard, but other events as well, keep getting us to lock our Bitcoin further and further away from everyday use.

Now, Lightning Network very much helps with this, but the further away we get from the p- owner of the Bitcoin being actually able to do something with that Bitcoin without l- going through a bunch of hoops, we seem to be locking our Bitcoin further and further away from our ability to actually use the thing.

Now, again, I'm not making any suggestions.

I'm just saying let's look at this.

Almost like this...

The, the, the l- the larger question that I wanna kind of like dive into is because this is liquid Bitcoin, like not on chain per se, but like this is a cousin, stepbrother to the Lightning Network.

And like we've talked a lot about how like- I- I am of the camp that, like, we need to see some form of a layer two of Bitcoin to grow the network.

Block space will become very scarce in a world where eight billion people use Bitcoin very naturally.

But, uh, yeah, all these, a lot of things, a lot of assumptions that we had need to be, uh, looked at once again.

And I mean, we just had Alby, uh, Alby Hub sh- put out a notice last night saying that they were compromised in some ways with, uh, releases prior to August 2025.

So you have to update your, your Alby Hub if you're using that, uh, for the Lightning network.

So yeah, man, everything is under attack.