TLS95: Nicholas Gregory on Statechains, Mercury Wallet, Scaling Bitcoin, and the Lightning Network
Feb 9 2023 • 1hr 10m
Show Notes
In our conversation, Nick explained the concept and utility of statechains, Mercury Wallet’s upcoming Lightning integration, and we also discussed LSPs and Bitcoin transaction fees.
→ Mercury Wallet: https://mercurywallet.com/
Sponsors
→ Voltage: https://stacksats.how/voltage
→ Stakwork: https://stacksats.how/stakwork
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Links
→ Stack Sats: https://www.stacksats.how/
→ Twitter: https://twitter.com/kerooke
→ Books: https://www.kevinrooke.com/book-recommendations
→ Bitcoin News: https://stacker.news/r/kr
Timestamps
00:00 - Intro
02:18 - Nicholas Gregory Intro
04:25 - CommerceBlock
05:56 - What are Statechains?
17:18 - Building Mercury Wallet
23:51 - Changes to Bitcoin’s Protocol
34:58 - Trends in Bitcoin Transaction Fees
37:50 - Catalysts for Lightning Development
45:37 - Traits of Good Lightning Service Providers
54:58 - Attacking the Lightning Network
1:03:59 - The Lightning Round
Activity
@btcrich
5,000 sats
Feb 11 2023
Kevin, your shows are pure signal. amazing to think you are nearly at 100 shows and I’ve enjoyed listening to them all
@urza_cc
1,337 sats
Feb 12 2023
I agree with Nicholas that real time settlement is the killer feature of Lightning Network. Which makes me thing that I am not sure that Lightning is at the end the payment layer. What I mean is that in its essence Lightning is SWIFT on steroids, but maybe not VISA? Maybe for paying at the merchant we will need something on top of Lightning, not Lightning itself. Similarly how at the beginning of Bitcoin years ago we didn't recognised that the layer 1 is not good for paying for coffee.
@oskars010791
101 sats
Feb 15 2023
good luck