Basics_08: Lightning Network, Layered Money & Bitcoin Scaling

Bitcoin Basics Series Episode 8. Daz Bea, Seb Bunney, Dan & Josh cover the Bitcoin Lightning Network and the importance of a layered approach to Bitcoin scaling. Full Bitcoin Basics Series here BCB Pod disclaimer here Watch video of this chat on YouTube here WE COVER: Why are protocols & monetary systems layered? Why is Bitcoin an upgrade to payment systems? What is the Lightning Network & how does it work? What other layers exist on and around Bitcoin? Flicking beads RESOURCE PICKS: Daz & Seb’s new book B is for Bitcoin: The Essential Guide to All Things Bitcoin does and EXCELLENT job covering the Lightning Network (https://www.amazon.com/Bitcoin....-Essential-Guide-All Josh’s Pick: A Look at the Lightning Network by Lyn Alden Daz’s Pick: Mastering the Lightning Network by Andreas Antonopoulos  Dan’s Pick - Layered Money by Nik Bhatia SHOW SPONSORS: HEATBIT— Earn Passive Income while heating and purifying the air in your home!  The Heatbit is a Bitcoin miner that can produce up to $25 of Bitcoin per month while using the same amount of energy as  any regular heater. HEAT. PURIFY. EARN. REPEAT. COINKITE — PROMO CODE “BCB” for discount on ColdCard. Industry leaders in Bitcoin security hardware and fun devices, makers of the COLDCARD and other prominent items including opendime, satscard, tapsigner, the seedplate, coldpower, blockclock mini & blockclock micro. All available at coinkite.com START9 — Sovereign computing. Take back control of your data. Run a Bitcoin & Lightning node. Server Lite: A small uncompromising personal server, capable of running BTC Core. Server One: Perfect for someone who wants to run 25-35 services Server Pro: The most powerful, secure, and reliable private server in the world. Visit Start9.com SWAN — The place we choose to buy Bitcoin. Dollar cost average daily, weekly or monthly with a company that’s Bitcoin only and encourages you to hold your own private keys. Visit Swan.com. For Swan PREMIUM FREE go to https://www.swanbitcoin.com/pr....emium/blue-collar-bi