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The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network

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

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 6 October 2021

⏱️ 74 minutes

🧾️ 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 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. 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. Read the 9 Key Steps to Effective Personal Financial Management. Browse through all our episodes (complete with transcripts) here. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. 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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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