Lightning Junkies

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Richard Myers Discusses Lot49: Lightning Network on Meshnets - LNJ048 Aug 18, 2021

Show notes

Transcript: https://sicksub.network/LNJ048Transcript In this episode we have Richard Myers talking about his work on the Lot49 protocol. This protocol is basically a stripped down version of the Lightning Network made for low bandwidth mesh networks. Previously Richard was working at GoTenna, where he launched Global Mesh Labs to do this open source work on Lot49. Richard no longer works at GoTenna. We talk about: 1:12 - Background of the Episode 3:08 - Getting into Bitcoin/GoTenna 7:46 - What is the GoTenna? 10:50 - Lightning Network as an Analogy for Meshnets 12:08 - Global Mesh Labs 14:30 - Incentive System for Meshnets 20:15 - What is Lot49? 22:21 - Is Lot49 ready? 26:00 - Does Lot49 scale? 29:35 - Mesh Network Routing Nodes? 31:52 - Future of Lot49/Meshnets 34:11 - Would Eltoo make Lot49 better or more usable? 37:10 - Multiparty channels aka Channel Factories 42:22 - Mesh networks/Lot49 as a Hard Sell 45:21 - Meshnets for Adversarial Environments 48:48 - How can people contribute to Lot49? 54:54 - Transaction Types for Eltoo 1:00:10 - Future of Meshnets 1:01:50 - Disintermediate the State? Decentralize all the things? 1:02:34 - Future of Bitcoin Lightning Network Richard Myers’ Twitter: https://twitter.com/remyers_ Richard Myers’ Website: http://yakshaver.org/ Global Mesh Labs’ Website: https://globalmeshlabs.org/ Post about Eltoo: http://yakshaver.org/2021/07/26/first.html GoTenna’s Twitter: https://twitter.com/goTenna GoTenna’s Website: https://gotenna.com/ Support us here: https://lightningjunkies.net/support Lightning Junkies Merch: https://store.lightningjunkies.net Follow the Lightning Junkies blog: https://lightningjunkies.net Follow Lightning Junkies on Twitter: https://sicksub.network/LNJunkies Follow Chaz on Twitter: https://sicksub.network/TheChaz Follow Lightning Cat on Twitter: https://sicksub.network/LNJCat For a Full list of Rabbit Holes, please visit our blog at https://sicksub.network/LNJ048

Christian Decker Explores Channel Factories - LNJ047 Jul 28, 2021

Show notes

Transcript: https://sicksub.network/LNJ047Transcript

This is the 47th episode of the Lightning Junkies podcast. In this episode we have Christian Decker, the final boss of the Lightning Network or otherwise known as Dr. Bitcoin. He’s known to have been very early in the development of Bitcoin and has authored some important papers related to Eltoo and Channel Factories among others. He’s currently working for Blockstream as a core protocol researcher.
Thanks to Anthony Ronning for contributing questions for this episode.

We talk about:

0:00 - Intro
5:28 - Christian Transitioning from BTC to Lightning Network
7:39 - The Evolution of the Lightning Network
23:04 - Multiparty Channels/Channel Factories
29:43 - Schnorr/Signature Aggregations Oh my!
33:20 - Are Channel Factories where we are headed?
35:22 - Would Channel Factories help with privacy?
41:02 - Multiparty Channel Trust and Complications
44:49 - Will Bitcoin’s Block Size be increased?
45:43 - Reasons why a layered approach is taken vs Block Size Increase
49:24 - Low Bandwidth Mesh Networks
51:32 - Use Case for Meshnets
58:22 - Lightning Network Privacy
1:04:55 - Other Privacy Enchanments
1:15:53 - The Pessimistic Outlook
1:16:57 - The Optimistic
1:19:10 - Call to Action

Christian Decker Website: http://snyke.net/publications/
His Twitter: https://twitter.com/Snyke

Eltoo Paper: https://blockstream.com/eltoo.pdf
Channel Factories Paper: https://nakamotoinstitute.org/static/docs/scalable-funding-of-bitcoin-micropayment-channel-networks.pdf

Support us here: https://lightningjunkies.net/support
Lightning Junkies Merch: https://store.lightningjunkies.net

Follow the Lightning Junkies blog: https://lightningjunkies.net
Follow Lightning Junkies on Twitter: https://sicksub.network/LNJunkies
Follow Chaz on Twitter: https://sicksub.network/TheChaz
Follow Lightning Cat on Twitter: https://sicksub.network/LNJCat

Rusty Russell & Fiatjaf - Exploring Worlds of Lightning Development - OTC - LNJ046 Jul 14, 2021

Show notes

Transcript: https://sicksub.network/LNJ046Transcript

In this 46th episode of the podcast we have Rusty Russell and Fiatjaf. Rusty is a protocol dev and Fiatjaf is a full stack dev that have both contributed quite a lot to the Lightning Network ecosystem. In this episode we have an “Off the Cuff” episode where we allow these two juggernauts of the Lightning Network riff and interact with as little introduction as possible. Hope you enjoy this best of both worlds!

We talk about:

2:53 - LNURL
7:41 - Lightning Network as a Messaging Layer
11:49 - How do you determine the speed of development?
15:36 - BIP Style System for LN App Layer Development
28:18 - Rusty and Liquid Network Sidechain
37:08 - ANYPREVOUT and Eltoo
50:34 - Call(s) to Action
57:00 - Negative Outlook for Lightning Network
1:00:20 - Positive Outlook for Lightning Network

Rusty’s Twitter: https://twitter.com/rusty_twit
Fiatjaf’s Twitter: https://twitter.com/fiatjaf
Fiatjaf’s Website: https://fiatjaf.com/

BIP118 - SIGHASH_ANYPREVOUT Explanation Page: anyprevout.xyz

Support us here: https://lightningjunkies.net/support
Lightning Junkies Merch: https://store.lightningjunkies.net

Further Reading:
LNPay: https://lnpay.co/
Lightning Gifts: https://lightning.gifts/
Ross from Lightning Gifts on previous episode: https://lightningjunkies.net/lightning-junkies-jolt-episode-01-ross-from-lightning-gifts/
Zeus Wallet: https://zeusln.app/
Previous Episode with Similar Topics: https://sicksub.network/LNJ045

Ruben Somsen Discusses ANYPREVOUT & Eltoo - LNJ045 Jun 30, 2021

Show notes

Transcript: https://sicksub.network/LNJ045Transcript

Ruben Somsen joins us for the 45th episode of the Lightning Junkies podcast. In this episode we cover BIP118 (SIGHASH_ANYPREVOUT) and Eltoo along with related topics. Ruben is known for the statechain, spacechain, and softchain proposals. We briefly touch blind-statechains and spacechains. We do get into drivechains a little bit, not that much.

We talk about:

1:31 - BIP118
6:12 - Downsides of ANYPREVOUT
10:43 - Eltoo
12:25 - Penalty Transactions
16:09 - Channel Factories
23:16 - Lot 49
24:19 - Fees on APO
25:43 - Layered Commitments
27:36 - Mercury Wallet
30:25 - LN on Statechains
33:43 - Federations
36:37 - How would governance work in federations?
42:28 - Spacechains
47:37 - Spacechains Use Case
49:19 - Spacechains on LN?!?!

Ruben’s Twitter: twitter.com/SomsenRuben
Ruben’s Website: tiny.cc/somsen

Unhashed Podcast’s Website: www.unhashedpodcast.com/
Unhashed Podcast’s Twitter: twitter.com/UnhashedPodcast

Support us here: lightningjunkies.net/support
Lightning Junkies Merch: store.lightningjunkies.net

Follow the Lightning Junkies blog: lightningjunkies.net
Follow Lightning Junkies on Twitter: sicksub.network/LNJunkies
Follow Chaz on Twitter: sicksub.network/TheChaz
Follow Lightning Cat on Twitter: sicksub.network/LNJCat

Further reading:

More info on BIP118 - anyprevout.xyz
Testnet implementation of Statechains - mercurywallet.com/
Layered Commitments by Anthony Towns - lists.linuxfoundation.org/pipermail/lightning-dev/2020-January/002448.html
LNJ010 - sicksub.network/LNJ010
Lot49 - global-mesh-labs.gitbook.io/lot49/

Exploring RGB with Giacomo Zucco - LNJ044 May 14, 2021

Show notes

Transcript: https://sicksub.network/LNJ044Transcript

In this episode we have Giacomo Zucco! Giacomo is a Bitcoin protocol and Lightning Network protocol consultant/teacher. He spends his time supporting projects that he feels might be relevant for the future of Bitcoin. In this episode, we explore one of those projects that he is currently supporting.

RGB is a way to put assets and other data on top of Lightning. We also explore some alternative layer three approaches.

We talk about:

0:00 - Intro
3:27 - What is RGB?
8:40 - Why RGB?
15:23 - Would RGB work better with Eltoo/SIGHASH_ANYPREVOUT?
17:19 - Transaction Fees on Bitcoin/ Could RGB become the new transacting layer because of on-chain fees?
26:31 - Counterparty/Omni
33:34 - OmniBolt: What is it? How does it work?
44:18 - RGB Elevator Pitch
45:14 - RBG Weaknesses
48:41 - Why should we care about USDT/Tether?
57:15 - Giacomo’s Disclaimer
1:12:13 - What Giacomo’s working
1:03:02 - What can YOU do to explore RGB?
1:05:38 - Final Call to Action
1:09:20 - RGB vs LN

Giacomo’s Twitter: https://twitter.com/giacomozucco
Giacomo’s Website: https://giacomozucco.com/

Support us here: https://lightningjunkies.net/supportLightning Junkies Merch: https://store.lightningjunkies.net

Follow the Lightning Junkies blog: https://lightningjunkies.net
Follow Lightning Junkies on Twitter: https://sicksub.network/LNJunkies
Follow Chaz on Twitter: https://sicksub.network/TheChaz
Follow Lightning Cat on Twitter: https://sicksub.network/LNJCat

Learn more:

One of the main devs on RGB: https://github.com/dr-orlovsky
SIGHASH_ANYPREVOUT/Eltoo: http://anyprevout.xyz/

The Effects of Bitcoin Fees on Lightning - OTC - LNJ043 May 03, 2021

Show notes

Transcript: Coming Soon!

This is the 43rd episode of the Lightning Junkies podcast. In this episode we address the higher fees on base chain Bitcoin and how they could possibly affect Lightning Network and Lightning Network wallets going forward. With special co-hosts Matt Odell and Jack Everitt.

This episode was recorded live and presented with minimal editing.

We talk about:

0:00 - Intro
0:48 - Thundr Games’ Experience with Lightning
5:10 - Phoenix Wallet Issues
8:05 - Concerns of Recommending a Custodial Wallet
12:45 - Unsustainable Wallet Models
15:42 - User Acquisition Cost
18:20 - Proactive vs Reactive in relation to Transaction Fees
22:35 - Lightning Wallet Idea that has a $250-$500 minimum deposit.
25:33 - UX of Lightning Network vs Bitcoin Cash
27:45 - KYC as Friction
32:12 - Bitcoin Transaction Fees as a Problem
34:06 - Planning ahead for higher Bitcoin Fees
36:19 - Future of Bitcoin and Lightning Network

Jack’s Twitter: https://twitter.com/jackeveritt
Thndr Games’ Twitter: https://twitter.com/THNDRGAMES
Thndr Games’ Website: https://thndr.games/games

Matt’s Twitter: https://twitter.com/matt_odell
Matt’s Website: https://mattodell.com
Tales from the Crypt Twitter: https://twitter.com/TFTC21

Support us here: https://lightningjunkies.net/support

Lightning Junkies Merch: https://store.lightningjunkies.net

Lightning Network for BlockHeads - Jolt02 Apr 14, 2021

Show notes

In this episode, we broadly go into why Lightning is important, as well as starting points for our new Lightning Junkies including wallets, how to onboard, and more!

Please find links to all the apps and services we mention in this episode down below.

We talked about:

0:00 - Intro
0:58 - Why Lightning Network?
3:42 - “Lightning Network is just a very smart way of using Bitcoin.”
5:02 - What are Satoshis/Sats?
5:56 - Custodial Wallet Section - Blue Wallet
7:52 - Middle Shelf Wallet - Phoenix Wallet
9:55 - Non-custodial Wallet - Zeus
12:15 - Where can I get my first Bitcoin? - Cash App
13:11 - Onboarding to Lightning (US) - Strike/Bitrefill
13:59 - Onboarding to Lightning (US) - River Financial
14:43 - Onboarding to Lightning (UK) - BottlePay
15:14 - Onboarding to Lightning (UK) - CoinCorner
15:34 - Onboarding to Lightning (EU) - LastBit
15:53 - Exchanges supporting Bitcoin Lightning Network
16:29 - Spending over Bitcoin Lightning - Fold
18:20 - Spending over Bitcoin Lightning - Bitrefill
19:20 - Lightning Gaming - ZEBEDEE (Infuse)
20:52 - Earning Bitcoin over Lightning
22:12 - Wrapping Up

For the full list please see our blog post https://sicksub.network/Jolt002

Lightning Network Wallet:

Phoenix Wallet
https://phoenix.acinq.co/

A wallet that abstracts away the backup process and channels for a straightforward experience.

Where to trade for Bitcoin over Lightning Network:

Strike (US)
https://invite.strike.me/96J341 Sign up for Strike and we both get $5.

Connect back acct to send Bitcoin, both on-chain and over Lightning.
Accept Bitcoin both on-chain and over Lightning.
Can accept tips from online using a Lightning invoice.
Offers 5% cashback with Bitrefill.

Where to Spend Bitcoin over Lightning:

Fold
https://foldapp.com/

Gives discount on Gift Cards when spending over Bitcoin Lightning.
Has a debit card that allows you to earn sats via gamified features.

Evan’s Twitter: https://twitter.com/evankaloudis

Support us here: https://lightningjunkies.net/support
Lightning Junkies Merch: https://store.lightningjunkies.net
Follow Lightning Junkies on Twitter: https://sicksub.network/LNJunkies

Follow Chaz on Twitter: https://sicksub.network/TheChaz
Follow Lightning Cat on Twitter: https://sicksub.network/LNJCat

Jamal James Discusses Onboarding Devs to Lightning Network - LNJ042 Mar 18, 2021

Show notes

Transcript: https://sicksub.network/LNJ042Transcript

This is the 42nd episode of the Lightning Junkies podcast. In this episode we have Jamal James! People might know him from creating Polar, a dev focused open source software project. Currently Jamal is Lead Frontend Engineer for Lightning Labs. We explore Jamal's thoughts on onboarding devs to Lightning Network development. We want to try to find as many good reasons for devs to get into Lightning as possible.

We talk about:

0:00 - Intro
2:32 - Jamal’s Background
6:23 - Jamal’s intro to BTC
13:00 - Ethereum vs Bitcoin: A Developer's Perspective
15:47 - Jamal’s Intro to Lightning
18:40 - Polar
24:25 - The First Release
25:06 - The Response
26:04 - Who is Polar for?
28:03 - The Future of Polar
28:49 - Call to Action
31:06 - The Transition to Lightning Labs
33:57 - Jamal’s Role at Lightning Labs
36:41 - The Future at Lightning Labs
41:23 - The Marketing of Lightning
43:04 - Lightning Network Elevator Pitch
44:43 - Day one of Lightning
45:50 - The Future of Lightning

Jamal’s Twitter:https://twitter.com/jamaljsr
Lightning Labs’ Twitter: https://twitter.com/lightning
Polar’s Twitter: https://twitter.com/lightningpolar

Polar’s Website: https://lightningpolar.com/
Lightning Lab’s Builder’s Guide: https://docs.lightning.engineering/

Support us here: https://lightningjunkies.net/support
Lightning Junkies Merch: https://store.lightningjunkies.net

Want to dive even deeper into the rabbithole?

Jameson Lopp’s Starting point: https://www.lopp.net/lightning-information.html

Jestopher Warns of Griefing Vulnerability on Lightning Network - LNJ041 Feb 10, 2021

Show notes

Transcript: https://sicksub.network/LNJ041Transcript

This is the 41st episode of the Lightning Junkies podcast. In this episode we have Jestopher! Jestopher is best known for Satbase and his musings on being a routing node operator. He most recently wrote an article for Bitcoin Magazine, writing about a griefing vulnerability in conjunction with Joost Jager. Throughout the episode he gives some tips and tricks on how to run a Bitcoin Lightning routing node!

We talk about:

2:01 - Jestopher’s intro to BTC
5:51 - What is Satbase? Who is it for?
8:28 - The Profits of running a routing node
14:50 - Insights into Lightning
16:39 - Griefing Attack, the Who and the Why
22:12 - Possible Mitigations of Said Griefing Attack
28:09 - Jestopher’s Favorite Toys on Lightning
31:26 - Where is Lightning going?
36:13 - Layer Three Potential
38:53 - Jestopher’s Future
42:11 - Routing Noob Tips

Jestopher’s Twitter: https://twitter.com/Jestopher_BTC
Jestopher’s Website: http://satbase.org/
Jestopher’s Griefing Article: https://bitcoinmagazine.com/articles/good-griefing-a-lingering-vulnerability-on-lightning-network-that-still-needs-fixing

Support us here: lightningjunkies.net/support

Follow the Lightning Junkies blog: lightningjunkies.net
Follow Lightning Junkies on Twitter: sicksub.network/LNJunkies
Follow Chaz on Twitter: sicksub.network/TheChaz
Follow Lightning Cat: sicksub.network/LNJCat

Rabbit Holes to fall down:

Jestopher’s recommended reading:
https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/1537000454

Recommended follow, Lightning Dev known for routing:
https://twitter.com/alexbosworth

Joost Jager, originally wrote about the griefing attack that Jestopher ended up writing about, participating in, and demonstrating:
https://twitter.com/joostjgr

Circuit breaker, mitigation for griefing attack from Joost:
https://github.com/lightningequipment/circuitbreaker

One of Jestopher’s Favorite toys on Lightning, used for batch opening channels and rebalancing channels:
https://github.com/alexbosworth/balanceofsatoshis

Another toy on Lightning, app used for viewing balance of channels::
https://github.com/apotdevin/thunderhub

Jestopher’s recommendation for noobs getting into routing:
https://raspiblitz.org/

Suheb Talks RTL and Bitcoin Ethos - LNJ040 Jan 27, 2021

Show notes

Transcript: sicksub.network/LNJ040Transcript

This is the 40th episode of the Lightning Junkies podcast. In this episode of the podcast we have Suheb! Suheb contributes to the open source project Ride the Lightning. RTL is a Lightning Network node management solution, living on many of the most popular node implementations as well as being bundled with BTCPay Server. It acts as a type of control panel for more technical users to be able to control their Lightning Network node, this includes reporting options for your routing node, circular rebalancing, and loop out.

We talk about: