BTC168: Bitcoin Discreet Log Contracts DLC on LN Markets w/ Romain Rouphael (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 7 February 2024

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dive into Bitcoin's future with Romain Rouphael: Unpacking his journey from finance to pioneering in Bitcoin research, LN Markets, and DLC Markets. Discover how leveraging Bitcoin for payments and building on its secure infrastructure is changing trading with instant settlements, trustless derivatives, and over $2 billion traded. Learn about the innovation behind LN Markets' fast retail trading and DLC Markets' approach to revolutionizing trustless OTC derivatives. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:35 - The reasons behind Romain Rouphael's full-time commitment to Bitcoin and its potential for revolutionizing finance. 07:43 - Insights into the foundational stages of Bitcoin research and the establishment of a Bitcoin lab. 07:43 - The advantages of Bitcoin over other cryptocurrencies as both an asset and a financial infrastructure. 26:21 - Future developments in Bitcoin financial services, including enhancements to LN Markets and DLC Markets, and the introduction of new products like hashrate/blockspace trading. 33:20 - Introduction to LN Markets, a platform enabling instant settlement trading built on the Lightning Network. 33:20 - The significance of Discreet Log Contracts (DLCs) in enabling trustless OTC derivatives trading on Bitcoin. 40:13 - The innovative approach of DLC Markets to facilitate complex smart contracts for large-scale, trustless trading. 50:21 - Challenges and complexities faced in managing a Bitcoin fund and interacting with centralized exchanges. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Article: LN Markets Upgrades Bitcoin Trading w/ DLCs. Romain Rouphael's Twitter. LN Market's Website. DLC Market's Website. The LN Market’s White Paper on DLCs. Check out all the books mentioned and discussed in our podcast episodes here. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:15.0	On today's show I have a fascinating topic.
0:17.4	We're talking about derivatives on layer 2 Bitcoin lightning
0:21.0	and not only that, but we're talking about how discrete log contracts or
0:24.8	DLCs are now enabling two counterparties to need no intermediary to develop
0:30.0	their contract terms. This was a topic that we covered way back in 2020 and back then
0:35.0	it was more of a theoretical concept with nothing being fully built or put into
0:39.2	practice. Fast forward to today Ellen Markets has just recently rolled out this capability and they've done it on the lightning-only derivatives exchange that's doing 400 million in volume per month.
0:51.0	An important disclosure to the listener, I was an advisor to Ego Death Capital
0:55.4	when they made an investment into LM markets, so I'm obviously an interested party in their
0:59.7	success and I think that that's an important highlight as you're listening through this.
1:03.0	But with that said, and as you'll see in this interview, the software engineering and new
1:07.4	applications being built on top of the Bitcoin Lightning Network are somewhat
1:11.1	mind-blowing and definitely noteworthy for anybody
1:13.8	building in this space. So with that here's my interview with Romaine
1:17.7	Raphael from Ellen Markets.
1:21.0	Celebrating 10 years,
1:25.0	you are listening to Bitcoin Fundamentals by the Investors Podcast Network.
1:30.0	Now for your host, Preston Pish.
1:33.0	Hey everyone welcome to the show I'm here with remain and man I'm excited this this
	...

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