Welcome to The Bitcoin Layer, where we bring you research, analysis, and education for all things bitcoin and macro. In this episode, Nik explains how Lightning Network works using easy-to-understand analogies to the dollar and VISA. Learn why bitcoin’s speed and capacity limits are essential to preserve its neutrality. Explore the concept of layered money.

0:18 Cargoship analogy to describe bitcoin

1:17 Why we pay transaction fees to use bitcoin

2:04 Is bitcoin slow and limited?

2:40 Comparing bitcoin to the dollar and VISA

3:23 Bitcoin's most valuable characteristic is its decentralization

4:18 Bitcoin is neutral money

4:35 Lightning Network is the second layer of bitcoin

5:21 Lightning Network uses smart contracts, not credit

6:11 Understanding how Lightning Network works

7:10 Why Lightning Network is so important for bitcoin

8:53 Thank you to sponsors Zebedee and Voltage

New YouTube episodes every Tuesday and Thursday. New Substack posts every Wednesday and Friday.

Thanks to our Sponsors!

ZEBEDEE: https://zebedee.io/

VOLTAGE: https://voltage.cloud/?utm_source=bhatia&utm_medium=layer&utm_campaign=substack

Subscribe and turn on notifications for TBL on YouTube.

Subscribe to TBL on Substack: https://thebitcoinlayer.substack.com

Follow TBL on Twitter: https://twitter.com/TheBitcoinLayer

Follow TBL on LinkedIn: https://www.linkedin.com/company/TheB...

Contribute to The Bitcoin Layer via Lightning Network: [email protected]

Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc

Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti

Strategist Matthew Ball's Twitter: https://twitter.com/matthewrball

Block Height 741726

#TheBitcoinLayer #NikBhatia #Bitcoin #BTC #Lightning #LightningNetwork #Finance #Economics #Education

Subscribe to The Bitcoin Layer on Soundwise