Bitcoin Tech #2 - Nodes (Part 2) with Shinobi - WBD318
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 7 March 2021
⏱️ 73 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Saturday 6th March Company: Block Digest Role: Host
The core fundamental aspect of Bitcoin is its censorship-resistant nature; this is only possible because the network is meaningfully decentralised.
Bitcoiners achieve decentralisation across the world, running nodes. These nodes maintain the network rules, known as consensus, and ensure all transactions and blocks are valid by keeping a copy of the entire history of the blockchain.
Following my previous interview with Shinobi, I went away and attempted to set up three things:
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Tor - a distributed network that preserves my privacy by hiding the location of my node and preventing eavesdropping
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Bitcoin Core - the most popular bitcoin node software
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Specter - software that connects to your Bitcoin node and allows you to create a local wallet or connect to a hardware wallet
In this interview, Shinobi helps me set up Tor, Bitcoin Core and Specter, and we discuss the difficulties for non-technical people, UX and why running a node is essential.
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Transcript
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| 0:00.0 | Hello there from Bedford, the Bitcoin capital of the world in the United Kingdom. |
| 0:07.0 | How are you all doing? Happy Sunday. I hope they keep him well. Nice to see Bitcoin back over 50,000 this morning. |
| 0:15.0 | I think things are starting to heat up again, |
| 0:17.0 | which is very, very cool. |
| 0:19.3 | Anyway, welcome to the What Bitcoin did podcast, |
| 0:21.3 | which is brought to you by The Mighty Cracken, |
| 0:23.6 | the best place to buy itself and trade Bitcoin. |
| 0:25.9 | I'm your host Peter McCormack, and today I've got Shunobe back on the show. |
| 0:30.1 | He's going to be helping me set up my node and this is a slightly different episode. |
| 0:34.1 | Nothing like I've done before. I'm not really sure how this is going to work out so I'm going to be |
| 0:37.7 | interested in your feedback on this. Anyway, before that I do have a message from my amazing show sponsors. |
| 0:45.0 | Firstly, we're kicking off with my good friends over at BlockFi. |
| 0:48.0 | And as you know, because I've been telling you, for a couple of months now, |
| 0:52.0 | that a massive announcement before Christmas |
| 0:54.8 | Blockfire is launching a Visa rewards credit card and it's coming very very soon I've |
| 1:00.4 | been very excited about this is always good to find new ways to stack |
| 1:04.1 | SAT and with Block Fight Visa rewards credit card you're going to be able to earn a |
| 1:08.2 | market-leading 1.5% rewards rate in Bitcoin on all card purchases. Yes, you can stack that with all your card |
| 1:16.4 | purchases and BlockFi have now opened up the wait list to the public. Now anyone |
| 1:21.3 | regardless of whether they have a BlockFi account or not is eligible to join that wait list. If you do want to find out more, then I recommend you do your own research into BlockFi and then head over to BlockFi.com, which is B-L-O-C-K-F-I. And next up we have Ledger, my newest sponsor. |
| 1:39.6 | Now Ledger is the first hardware wallet I ever used and I bought a nanose I bought that something like |
| 1:45.9 | four years ago I think it's over four years ago now and I'm still using that device today |
... |
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