Aaron and Sjors welcome their first guest on to the show, Ruben Somsen, to discuss his proposals for Statechains on Bitcoin! Statechains allow you to send keys not UTXO and it offers quite a few scaling and functionality improvements! Helpful Links: Ruben’s presentation on Bitcoin Magazine about Statechains: Aaron’s Bitcoin Magazine article on Statechains: https://bitcoinmagazine.com/articles/statechains-sending-keys-not-coins-to-scale-bitcoin-off-chain Chapters 00:00:00 Introducing Ruben Somsen and statechains 00:02:55 Off-chain transfers of whole UTXOs 00:06:15 Two keys and unilateral recovery transactions 00:11:15 Overriding old states with eltoo 00:13:01 Trusting the operator and reducing custody risk 00:18:57 Opening Lightning channels on statechains 00:20:49 Implementations before ANYPREVOUT 00:23:33 The state history and public double-spend detection 00:28:06 Scaling layers, adoption and federation tradeoffs 00:31:42 Payment pools, monitoring and nested designs Support the Show! Follow Bitcoin Magazine on Twitter @BitcoinMagazine Follow Aaron van Wirdum @AaronvanW Follow Sjors Provoost @provoost