In this episode, Brad is joined by Alex Bosworth as they discuss the future of Bitcoin on the Lightning Network. Alex is a software lead at Lightning Network. He has experience working on open-source software and has experience creating backend exchange APIs. He also helped create a blockchain project to protect the integrity of the Royal Mint in the UK. As an accomplished developer and insider at the Lightning Network project, Alex has plenty of useful insights to share. The two get into several of the most relevant topics surrounding the Lightning Network, including Jack Dorsey-backed Square Crypto's unprecedented support for the Lightning Network. Tune for this and other interesting topics. 

Timestamps

00:00:00 - Intro by Brad

00:01:59 - Alex on his journey on Bitcoin

00:06:26 - Parallels between private app development and a user-focused side of Bitcoin 

00:12:07 - When can the average user use the Lightning Network?

00:17:58 - Where are we with the Lightning Network?

00:20:03 - How does the Lightning Network make money?  

00:31:25 - Why does batching save you money?

00:43:46 - Exchanges on adopting the Lightning Network

00:53:03 - The Lightning Loop and how can it help you

00:59:03 - Would the Lightning Network be able to support 1,2 billion users?

1:06:21 - How many people are working on the Lightning Network? 

1:14:25 - Delving into the Lightning Developer Kit by Square Crypto

1:27:22 - Folks at Edge Wallet and their beef with the Lightning Network

1:21:48 - Alex on providing liquidity on the Lightning Network, and can you too?

1:27:50 - What're a Lightning Network dev's hobbies? 

1:36:18 - Where to find Alex on social

Podcast Mentions

Portugal's no capital gains tax on crypto 

Germany's crypto-friendly law

SegWit

UTXO

Batching

Schnorr and Taproot 

UASF

Square Cash app's Lightning Development Kit (LDK)

Blockstream 

Find Alex Bosworth on:

Alex Bosworth Twitter 

Find Brad Mills on:

Brad Mills Twitter

Magic Internet Money Twitter

Magic Internet Money Facebook

Magic Internet Money Instagram