Brian Lockhart on Running a Bitcoin Full Node - WBD142

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 27 August 2019

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Skype
Date: Monday, 26th August
Project: Casa
Role: Product Manager

Full nodes are fundamental to the security of the Bitcoin network by maintaining decentralisation and validating transactions and blocks by enforcing consensus rules.

While running a full node is an act of supporting the Bitcoin network, it also ensures that you are not trusting any third party. If a transaction breaks consensus rules, then your node will reject it, irrespective of what others nodes do. Further, running a full node offers increased privacy and safety.

So why do so few Bitcoiners run a full node?

Many either do not understand the benefits of running a full node and/or find it intimidating. While there are many useful online guides, most rely on at least some technical ability and not everyone has the inclination, hardware requirements or technical knowledge.

The difficulties mean many, understandably, opt to use a hardware wallet, lite wallet and even trust exchanges or custodial wallets to secure their Bitcoin.

It is hard to put a number on the number of nodes in operation, but certainly, the total amount is a long way off Luke Dashjr's target of 85% adoption.

How can more users be encouraged to run a full node?

Casa is one company trying to help by solving some of the friction points around education, design and user experience. Casa offers an out of the box, plug-and-play Bitcoin and Lightning node.

In this interview, I sit down with Brian Lockhart from Casa to talk about Bitcoin full nodes. We discuss why it is vital to the individual and for the Bitcoin community, and how Casa is working to make it easier for people to run a full node.

Transcript

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0:00.0	Welcome to the What Bit
0:02.0	the What Bit did podcast.
0:05.0	Hello there from Bedford.
0:08.0	How are you all?
0:09.0	Are you all having a great week?
0:10.0	I am.
0:12.0	I'm having a really good week. Did you see the news yesterday? Did you see the big
0:15.6	developments in the Craig Wright-Ira-Klimin case? I think we can all welcome the rule of law
0:20.9	being executed in the correct way here. I think we can all approve of that
0:24.4	anyway welcome to the what bit coined in podcast which is brought to you by Krakhan the
0:28.7	number one exchange for Bitcoin traders I'm your host Peter McCormack and today I've got an interview with
0:33.5	Carter's new product lead, Brian Lockhart to discuss running a Bitcoin 4 node.
0:37.8	But before that let's hear from my amazing sponsors and don't skip this this
0:42.4	couple of minutes where I talk about my
0:43.7	sponsors pays for this to happen so today's show is brought to you by the mighty
0:47.8	Blockfai the amazing Blockfai my longest ever sponsor they've been supporting me now for a year so a big
0:53.9	thanks to them. Might need to send them a little present to say thank you. And also as
0:58.7	we approach the end of the month I am due my next payout from my interest
1:02.3	account I think I've had five now so this is going to be my sixth.
1:05.8	It's always quite exciting to log in to see how much interest I've made, which is very cool.
1:10.3	I know a few of you have also taken out interest accounts.
1:13.0	Some of you were a little bit reserved to begin with, but I've spoken to some of you and you
	...

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