meta_pixel
Tapesearch Logo
Log in
Mr Obnoxious

Lightning Series: Privacy and Security with Christian Decker & Carla Kirk-Cohen - WBD375

Mr Obnoxious

Peter McCormack

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

4.82.7K Ratings

🗓️ 21 July 2021

⏱️ 78 minutes

🧾️ Download transcript

Summary

Location: Remotely
Date: Monday 19th July
Company: Blockstream, Lightning Labs
Role: Researcher, Infrastructure Engineer

The Bitcoin blockchain is an open public ledger, thus building privacy solutions on-chain is challenging. However, the Lightning network’s design is a massive improvement in privacy as the tradeoffs are different.

Lightning removes transactional friction with significant security and privacy assurances today. But what are the potential attack vectors, and how might they be mitigated?

In this interview, I talk to researcher Christian Decker and infrastructure engineer Carla Kirk-Cohen. We discuss the current state of privacy on Lightning, potential vulnerabilities and most likely solutions.

Transcript

Click on a timestamp to play from that location

0:00.0

Lightning is built on top of the main chain, so you are bringing your unchain privacy with you.

0:07.0

Although there's a transactional increase in privacy,

0:10.0

if you send a UTSO from coinbase to fund your channel, coinbase knows that you from Coinbase to fund your channel,

0:12.8

Coinbase knows that you sent that to fund your channel.

0:15.7

Hello there from Sunny Bedford in the United Kingdom,

0:18.2

how are you all doing?

0:20.0

Okay.

0:20.7

Bitcoin, it dipped under $30,000. And I know some of you are a bit spooked out there, some of you

0:25.9

are a bit bearish. Look, if you're a trader, I can't really help you, but if you are a toddler,

0:30.6

all I can say is that, what is your thesis? It's a question, really. What is your thesis? I can't

0:35.2

promise future prices, but my own thesis is built of multiple cycles, decades even. So yes, when price jumps,

0:42.4

they are exciting, but you have to also accept there's going to be some drops.

0:46.0

I personally don't trade, well, very, very tiny amount, like a miniscule, under 1% just to play around with,

0:52.0

but I generally don't trade I don't use

0:54.2

leverage I just stack stats I buy sport and I secure those bad boys now I have got a

0:59.6

DM today that's what it's triggered me to talk about there. Somebody who sold a house and then ended up using that money for trading

1:06.0

and lost a bunch of it and they are scared.

1:08.0

Please do not take crazy risks out there.

1:11.0

Please do not do this.

1:12.0

Don't sell a house or sell a child and then use

1:14.8

that money and leverage and get wiped out. It is ridiculous. You don't want to lose a home and

1:19.3

you don't want to lose a child. So please be careful out there. Anyway, welcome to the What Bitcoin did podcast, which is brought to you by Gemini, the only place I am using for buying Bitcoin.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Peter McCormack, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Peter McCormack and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.