BTC046: Bitcoin Full Nodes & Instant Settlement on the Lightning Network w/ BTC Sessions (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 6 October 2021

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

03:46 - How BTC Sessions first got introduced to Bitcoin.
07:09 - Why a person should run a full node.
07:09 - What does a full node enable?
14:03 - Twitter's Bitcoin tipping integration.
17:40 - What tools and applications exist on layer 2.
32:49 - What's the best way to think about opening channels on layer 2?
41:38 - What are the incentives for the regular person to use layer 2 Bitcoin?
49:25 - What is the purpose of lightning pool?
59:05 - What apps and hardware is BTC Sessions excited about?
01:01:02 - What it means to be streaming sats.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

BTC Sessions' Twitter Account (let him know if you set-up your own node).
BTC Sessions' Youtube Channel.
BTC Sessions' tutorial on setting up your own node.
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Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TI-P.
0:02.4	Hey everyone, welcome to this Wednesday's release of the podcast where I'm talking about Bitcoin.
0:06.8	If you've noticed that my voice sounds a little bit different,
0:09.5	that's because this is what I sound like when I'm on vacation and forgot to record the intro
0:14.2	to the show with my professional sound equipment. But hey, the show is recorded with the proper gear
0:19.6	and the guest is an absolute beast of technical knowledge and competence when it comes to Bitcoin.
0:24.8	My guest goes by the handle BTC sessions and he's going to break down the differences between
0:30.1	Bitcoin mining and running a full node. He'll also describe why many people listening
0:34.4	this show might want to run their own full node of their own. We get into what it means to be
0:38.4	opening channels on the second layer of Bitcoin and how it enables immediate permissionless
0:43.6	transactions to anyone in the world. We cover these ideas and much, much more and as a final note,
0:49.2	if this episode inspires you to run your own full node, please be sure to tag BTC sessions
0:54.0	of myself in a Twitter post so we know you heard this discussion. So without further delay,
0:58.8	enjoy this awesome chat with the talented BTC sessions.
1:24.6	All right, so like I said in the introduction, I'm here with BTC sessions great to have you on,
1:30.4	which you don't realize is I'm pretty much a stalker on your YouTube profile. I mean,
1:35.5	I have a little bit of a tech understanding of like what's happening, but I mean, it's just
1:39.8	it's the basics, man. And your videos online are just incredibly professional. You go step by step
1:48.5	and you frame them up for people like me that just don't have any clue what we're doing when we're
1:54.0	building a full node like literally like buying the different hardware components, putting them
1:58.4	together then running the software and like all this kind of stuff like you're going step by step
2:02.5	and you're doing it in a way that's just so accessible. I mean, I'm a fan. I'm a huge fan.
	...

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