
Basics_06 – The Lightning Network
The Lightning Network finally strikes in this Bitcoin Basics episode! Now that we understand the fundamentals of keys, wallets, transactions, and the node, we can

The Lightning Network finally strikes in this Bitcoin Basics episode! Now that we understand the fundamentals of keys, wallets, transactions, and the node, we can

“This was how more mainstream Bitcoin culture degraded from intellectual expressions of ideas (2017-era debates) to tribal recreations of the past. The old enemies were

““In the old days they didn’t even use tables and chairs. They sat on beer crates and ate off the tops of beer barrels. You’d

“Of all the objections to Bitcoin, the objection that it “wastes” electricity is the most absurd. This thinking betrays a fundamental misunderstanding of how electricity

“Generally, what we’re talking about here is unregulated (or lightly regulated), uninsured investors, LLCs, Funds and privately controlled “Shadow Banking” assets. In 2021, these OFI

Prices are relative, Bitcoin is infinitely scalable, stability for the sake of stability is undesirable, maximal instability in prices maximizes resilience in the markets, and

“and the uniparty is in strong agreement here. both know that losing control of the money and the banks is an existential threat to their

“Thus was the dubious “clear and present danger” standard born. Holmes himself sought to redefine the standard later that same year when he dissented in

Bitcoin is ultimately just a piece of software, the network – the global, censorship resistant, immutable system – is ultimately just a collection of millions

“The question that the fiat system answers is the following: who is allowed to counterfeit currency, and how much? Further, who is allowed to have

“The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of as

I joined John today for an over 2 hour rip on the nature of Bitcoin, numerous technical developments, the trade offs of those in the
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