Lightning Network

they're going to be able to move their BTC in the future.

Yeah, I'm very excited about Bitcoin on Lightning, also for miners, because I think, and I'm the best example for this, I do a lot of transactions on stablecoins and I need those.

But I would much prefer to be able to use Lightning infrastructure to send it to a Lightning wallet rather than Ether, Polygon, whatever you want to use wallet.

And I think the lightning volume going up through those stablecoin applications is going to make a big dent.

And there's going to be that influx again, where block space is all of a sudden coming at a high premium.

I'll tell you what I think it is, and then you can tell me yes or no.

What I'm working on also, Francisco, right now is the ability for pools to basically offer their miners, like let's say you have an S19 or an S9 or whatever, or you're doing small solar stuff, or you have that bit of X or something.

for pools to be able to say, hey, like just instead of putting in your account on the firmware of the machine, you can put in your Lightning Wallet.

There has been no solutions proposed.

The Lightning Network has failed.

the vip bm projects are getting lapped right now arc network all of that so paul storks recently made a video his sixth episode of a series that he's making before the launch of ecash and he made a video where he talked about Bitcoin lost its vibe and it completely did.

It's pretty sad to admit it, but that's the honest truth.

I understand that conceptually, but realistically, I'm a user of Bitcoin.

I have paid people in Bitcoin, just using Lightning Network and just QR code.

So you're

using Lightning?

I looked at the remittance market, Bitcoin's potential for the remittance market.

The Lightning Network just at the time started to go, the idea was formed already, but the Lightning Network wasn't live.

Tell me again what year this was you were writing

this.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology.

How Bitcoin's Lightning Network Works Under the Hood, by Tobechi.

Satoshi Nakamoto put that headline in Bitcoin's Genesis block on January 3, 2009, not as metadata.

Not as a timestamp, but as a statement, the idea behind Bitcoin was simple.

That is part of what gives Bitcoin's security model its teeth, but it also makes Bitcoin feel unusable for everyday payments majorly because we live in a world where transaction speed is expected.

Nobody wants to wait 10 minutes for payment confirmation for a cup of coffee.

So the question became, how do you keep everything that makes Bitcoin what-itis, while making it actually usable at scale? The answer, at least the most adopted one so far, is the Lightning Network.

The Lightning Network is a second-layer protocol built on top of Bitcoin that enables near-instant payments between participants without touching the blockchain for every transaction.

It was, well, Segway, we're going to do Segway.

So they put in Segway, but then Lightning's coming out.

And then Lightning, 18 months, we remember the 18 months.

And then Lightning did come out.

And then it's just like, oh, but then we're going to do Taproot.

Oh, and by the way, El Salvador and mass adoption here and institutions are coming.

That was like, okay, guys, the companies are coming in.

They're going to roll out the payments aspect.