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Mr Obnoxious

Dan Robinson on Why HTLCs are Harmful - WBD099

Mr Obnoxious

Peter McCormack

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

4.82.7K Ratings

🗓️ 23 April 2019

⏱️ 53 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Welcome to the What Bitcoin did podcast.

0:05.0

Hi there, how are you all?

0:08.0

Welcome to the What Bitcoin did podcast brought to you by Cracken,

0:11.0

the best place to buy, sell and trade digital currencies.

0:14.0

I'm your host Peter McCormack and today I've got the next installment of my lightning month.

0:18.0

I have a second critique of the lightning network this time with Dan Roberson, but before that I've got a message from my show sponsors.

0:24.5

So first up we're going to talk about BlockFi and I have finally signed up to one of their

0:27.7

interest accounts. I have put my Bitcoin where my mouth is. I've put 20% of my portfolio into one. Okay so got to say a couple

0:35.6

of things about this first. If you're thinking of doing this definitely do your

0:38.9

research. There have been a lot of people talking about this with a lot of

0:41.8

different points of view. I did an interview with Zach Prince, their CEO, which is

0:45.2

available on my SoundCloud if you want to check that out. But I believe in the product now, I've heard

0:49.3

enough and want to give it a go. So yes, today. I stuck 20% of my Bitcoin portfolio in there I'm going to see how it goes I don't know if I'm going to

0:56.4

leave it in there forever whether it will be a month or a year but anyway I've signed up

0:59.9

I'm looking forward to seeing how it works looking forward to getting some interest on my Bitcoin.

1:04.0

And look it was super easy actually it was so easy.

1:07.0

All you do is you sign up with your email and your password, you set up your security, you complete your KYC,

1:12.0

and then you're given a deposit address, submit your

1:14.5

Bitcoin and you're there.

1:15.5

So mine's done.

1:16.7

As soon as the month is up and I get my interest, I'll let you know how that works, I'll

1:20.0

let you know the experience.

...

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