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The Peter McCormack Show

The Bitcoin Mutiny with Tony Giorgio - WBD695

The Peter McCormack Show

Peter McCormack

Power, Politics, Government, Markets, News, Society & Culture, Technology, Society, Inflation, Finance, Bitcoin, Economics, Money

4.72.8K Ratings

🗓️ 11 August 2023

⏱️ 80 minutes

🧾️ Download transcript

Summary

Tony Giorgio is the co-founder and CEO of Mutiny Wallet, a self-custodial lightning wallet. In this interview, we discuss the privacy implications of using Lightning Network, challenges faced by Mutiny, the concept of coin swaps, the web-based nature of Mutiny, the Lightning Service Provider (LSP) model, and the potential future developments of Mutiny.

- - - -

Just over three weeks ago Mutiny launched what it refers to as the "first self-custodial lightning wallet that runs on the web." Being web-based means that Mutiny can innovate without the restrictions that can and are placed on wallets distributed via app stores. In this fascinating podcast, Mutiny's co-founder and CEO Tony Giorgio sets out the background, challenges and future for Mutiny.

Mutiny started as a hackathon project that the founders developed whilst working at Voltage, the Bitcoin-focused infrastructure provider. Voltage supported the founders by allowing them to develop Mutiny whilst also building the lightning service provider for Voltage, which now also powers Mutiny!

Tony discusses the challenges faced with interoperability on lightning nodes, having intuitive payment functionality for non-technical users, and the difficulties of enabling automatic software updates. Tony also explains the concept of coin swaps, how Mutiny utilizes lightning as a contract layer for these transactions, and how this approach eliminates the need for a middleman and allows users to control their funds in new ways.

Tony finally covers the advanced features of Mutiny wallet: integrating cold storage, social tipping, facilitating wallet connections, and other innovative features such as enabling people to manage subscriptions on top of Lightning. Then there are Mutiny's future plans like integrating e-cash and allowing users to easily transition from a custodial to a non-custodial lightning transaction. It's an exciting project, to say the least.

Show notes: https://www.whatbitcoindid.com/podcast/the-bitcoin-mutiny

This episode's sponsors: Iris Energy - Bitcoin Mining. Done Sustainably Ledn - Financial services for Bitcoin hodlers Bitcasino - The Future of Gaming is here Ledger - State of the art Bitcoin hardware wallet Wasabi Wallet - Privacy by default Unchained - Secure your bitcoin with confidence


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

We want to get to get to the point where any lightning node on the network could be an LSP for anyone else.

0:14.1

That's the dream.

0:15.6

Hello there, how are you?

0:17.2

I am in the toilet of a restaurant in London.

0:19.9

Recording this podcast intro because I forgot to do it.

0:22.4

Sorry Danny, sorry Ben.

0:24.8

I'm away for a few days with the kids.

0:26.6

We've gone out for dinner and Ben's message me.

0:29.2

It's like, where's the intro?

0:30.0

I'm like, shit.

0:31.0

I've not done it. So apologies for that but hello welcome to the

0:34.0

what Bitcoin did podcast which is brought you by the legends IRS Energy the largest

0:38.5

NASDAQ listed Bitcoin miner using 100% renewable energy I'm your host Peter

0:42.2

McCormack and today we've got an amazing show with Tony from Mutiny wallet. Now listen if you haven't checked up mutiny wallet please do go check it out. Tony's doing some amazing work building a web-based Bitcoin wallet.

0:55.2

So he came in, he came over to see us when we're in Austin, demo the product.

0:59.6

It's bad-ass.

1:00.6

Everyone who is in Bitcoin has been used it knows it's bad-ass and the work is incredible so please do go and check it out

1:06.3

Apart from that I haven't got much else to say I'm ad lib in this because I don't have my notes

1:11.1

and I need to go enough dinner my kids

1:12.6

kids like dad what are you doing?

1:13.6

Anyway if you got any questions about this or anything else please do reach out to me

1:16.7

is hello what Bitcoin did.com.

...

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