S16 E17: Ben Arc on LNBits v1 & The State of Lightning Network

134 topics
7h 23m 49s

Topics

  • 00:00:00 - Bitcoin and Personal Growth

  • 00:00:25 - Longest Podcast Guest

  • 00:00:53 - Podcast introduction and sponsors

  • 00:01:08 - Ben Arc's role and LMBits V1

  • 00:01:26 - Amir's Rojava Involvement

  • 00:02:23 - LMBits beta version and V1 release

  • 00:02:36 - Amir's Post-Syria Experience

  • 00:03:08 - Rojava and Anarcho-Syndicalism

  • 00:04:08 - LMBits development timeline

  • 00:04:37 - Girlfriend's Return and Dinner

  • 00:05:16 - Early stages of LMBits and Lightning

  • 00:05:33 - Disillusionment in Bitcoin Space

  • 00:07:20 - Stefan Sneirav and Spectre DIY

  • 00:08:11 - Modularity and extensions in LMBits

  • 00:08:38 - Nostr and Bitcoin's Future

  • 00:09:04 - Bear Market and Bitcoin's Value

  • 00:10:00 - LMBits API and extensions

  • 00:11:10 - LMBits as a sandbox for innovation

  • 00:11:24 - Trump, Memecoins, and Market Downturn

  • 00:12:31 - LMBits V1 new features and improvements

  • 00:13:18 - Desired Bitcoin Adoption

  • 00:14:12 - Dogecoin and Market Desensitization

  • 00:15:09 - Bitcoin's Correlation with Stocks

  • 00:15:34 - Demo of LMBits V1 features

  • 00:16:26 - Bitcoin's Utility and Bear Market

  • 00:17:41 - AlenBits Investment and Thunderfunder

  • 00:19:12 - Bear Market Camaraderie and Future

  • 00:20:29 - Bitcoin's Humble Beginnings

  • 00:22:20 - Dan Kaminski and Len Sassaman

  • 00:23:38 - LMBits security and real-world testing

  • 00:23:51 - Satoshi's Anonymity Strategy

  • 00:25:35 - John Nash and Satoshi Theories

  • 00:27:26 - Excitement for LMBits V1 release

  • 00:27:40 - Favorite Satoshi Candidates

  • 00:28:00 - Building extensions and ease of use

  • 00:29:32 - Nick Szabo's Coding Abilities

  • 00:30:34 - 600 Billion Meme Origin

  • 00:31:16 - Community feedback and questions

  • 00:34:34 - Hardware Wallets and AliExpress

  • 00:37:05 - Lightning Network discussion and sponsors

  • 00:39:09 - State of Lightning and future outlook

  • 00:39:33 - Ledger Leaks and Supply Chain Attacks

  • 00:41:42 - Trezor Security and Multi-sig

  • 00:44:35 - Discussion about Fia Jeff and Nostr

  • 00:46:46 - Liquid Network Utility

  • 00:51:51 - Nostr and IoT applications

  • 00:52:48 - Lightning Network and Cross-Chain Swaps

  • 00:55:48 - Bitcoin as digital gold and speculation

  • 00:57:05 - Blockstream, Sidechains, and Federations

  • 00:58:22 - Ideal money and Bitcoin's role

  • 01:00:03 - Luke Dash Jr and Bitcoin Knots

  • 1:00:47 - Sponsors and Layer 2 solutions

  • 1:03:15 - ZK-rollups and other Layer 2

  • 1:07:40 - Competition and collaboration in Bitcoin

  • 01:07:58 - SegWit2x and BIP Bureaucracy

  • 1:10:57 - E-cash and Cashew's development

  • 01:11:11 - OpenTimestamps and Simple Proof

  • 01:16:13 - Future Bullish Narratives for Bitcoin

  • 1:17:29 - Improving Lightning Network design

  • 1:22:43 - LMBits journey and future vision

  • 1:25:08 - Businesses giving up on Lightning

  • 1:30:01 - Node solutions and Raspberry Pi

  • 1:34:54 - Zapstream and value-for-value content

  • 1:37:05 - LMBits in five years

  • 1:42:17 - Getting started with LMBits V1

  • 1:46:33 - LMBits shop and hardware projects

  • 02:00:00 - Nostra signing device

  • 02:00:40 - Nostra and public key crypto

  • 02:01:00 - NSC remote signer

  • 02:02:03 - Public key cryptography's importance

  • 02:03:40 - Supporting LMBits and Nostr

  • 02:05:05 - Nostr identity provider services

  • 02:07:15 - Decentralized communications protocol

  • 02:08:53 - Nostr's independence from blockchains

  • 02:11:53 - Melvin Carvalo and Bitcoin community

  • 02:14:02 - Nostr's Bitcoin echo chamber

  • 02:17:03 - Nostr client discussion

  • 02:18:26 - Elon Musk and politics

  • 02:21:33 - Anarchism and private capital

  • 02:30:31 - Roger Ver and taxation

  • 02:37:05 - Bitcoin block size debate

  • 02:40:03 - Alternative cryptocurrencies and scaling

  • 02:41:13 - Bitcoin as medium of exchange

  • 02:54:30 - Turkish Lira and Bitcoin payments

  • 02:57:03 - Lightning Network's early days

  • 03:05:05 - Strike and other Lightning companies

  • 03:12:23 - Digicash and online payments

  • 03:13:47 - Online identity and privacy

  • 03:18:34 - Coinjoining and fungibility

  • 03:22:13 - Privacy coins and Zcash

  • 03:29:12 - Nostr, disinformation, and Phil Zimmerman

  • 03:44:04 - Nostr growth and adoption

  • 03:47:22 - Nostr applications and user growth

  • 04:00:00 - Twitter Clone Development

  • 04:00:41 - Nostr Identity Purchases

  • 04:01:44 - Nostr Vanity Address Pricing

  • 04:02:02 - Telegram Handle Market

  • 04:02:24 - Nostr Affiliate System

  • 04:05:27 - Private Key Backup Methods

  • 04:06:41 - Nostr Development and Features

  • 04:09:13 - Mayorca Blockchain Days

  • 04:10:02 - Early Bitcoin Development

  • 04:11:54 - Bitcoin Adoption in Japan

  • 04:12:28 - Nostr Conference in Japan

  • 04:13:04 - Tokyo Hotel Experience

  • 04:15:28 - Nostr Conference Experiences

  • 04:16:08 - Upcoming Conference Attendance

  • 04:18:44 - Parallel Polis Closure

  • 04:20:25 - Room 77 Closure

  • 04:21:14 - Early Bitcoin Wallets

  • 04:23:41 - QR Codes for Bitcoin Addresses

  • 04:24:20 - Early Bitcoin Figures

  • 04:26:03 - Nokia N900 Specs

  • 04:27:03 - LG Prada vs. iPhone

  • 04:28:36 - Ethereum and LocalBitcoins Origins

  • 04:29:05 - Decline of Bitcoin Meetups

  • 04:30:41 - Hope.com and Bitcoin Narrative

  • 04:33:39 - Michael Saylor's Influence

  • 04:38:05 - Dominic Frisby and Plagiarism

  • 04:41:14 - Saylor's Economic Views

  • 04:45:35 - Consumerism and Planned Obsolescence

  • 04:51:36 - Global Power Shifts and China

  • 04:57:11 - European Union CBDC

  • 05:03:04 - Cypherpunk Dream and Cryptography

  • 05:06:03 - Politicians Using AI

  • 05:11:30 - AI and Governance

  • 05:13:32 - Ripple Acquires Hidden Road

  • 05:15:24 - Bitcoin's Future and Replacements

  • 05:20:44 - Bitcoin and Altcoin Development

  • 05:24:41 - Lightning Network Importance

  • 05:28:03 - Quantum Computing and Hard Forks

  • 05:31:00 - Cheat Code Conference

  • 05:34:46 - Bitcoin and Suriname

  • 05:42:09 - Secret Word and Closing Remarks