Guy Swann, Brian Harrington & Jack Spirko on the Layer 3 Revolution – Epi-3136
The Survival Podcast
The Survival Podcast
4.6 • 1.8K Ratings
🗓️ 2 August 2022
⏱️ 152 minutes
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| 0:00.0 | Well, I folks, this is Jack Spirko with another edition of the Survival podcast. |
| 0:23.0 | It's always one man's view of the changing world, the changing times, and things we can |
| 0:26.9 | all do to live a better life. If times get tough or even if they don't, today is Tuesday, August |
| 0:31.6 | the 2nd, 2022, and this is episode 3136 of the Survival podcast, episode 13 of The Bitcoin Breakout, |
| 0:41.3 | and I've got a really special one for you today. I have Guy Swan and Brian Harrington returning. |
| 0:50.1 | They've both been on the show fairly recently, individually, and now they're coming back together. |
| 0:55.2 | I asked them to do this, and it's because I wanted to discuss what are called layer 3 solutions |
| 1:02.0 | for Bitcoin. So, layer 1's Bitcoin. It's the Bitcoin that you know and love. It's been around forever |
| 1:06.6 | in a day. There is only one layer 1. Layer 2, in this case, we're building on top of a layer 2 |
| 1:13.6 | that we call the Lightning Network, but there is more than one layer 2 solution. A layer 2 solution |
| 1:19.3 | would also be something like Liquid that we won't get into today. But you've got layer 1 and layer |
| 1:23.6 | 2 sits on top of that. A layer 3 app is an app that sits on, guess what, a layer 2 app. So, |
| 1:30.1 | what that would mean now is when you look at something like the Fountain app for podcasting, |
| 1:34.6 | and you guys are able to send me boostagrams and stuff like that, and I'm able to like see |
| 1:40.5 | somebody make a clip of mine and say, really like what they did there, and I can give them a few |
| 1:44.4 | likes and give them 100 sats and stuff like that. That's a layer 3 app. Strike. The Strike app is a |
| 1:50.3 | layer 3 app where you can deposit dollars, send dollars, but the other side receives Bitcoin |
| 1:55.9 | or Bitcoin and Lightning form. It's on top of that layer 2 solution. And we have just begun. |
| 2:04.6 | We have just begun. And I started kind of brain surfing, right? Like what could you do? |
| 2:11.4 | And so I took out my cell phone and I just opened it up and I started looking at all the apps on |
| 2:19.6 | my phone. Now, I don't know how much we would do with like the pictures, like the pictures app, |
| 2:24.5 | where you access your pictures that you keep for yourself and your family. But when I started |
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