S16 E17: Ben Arc on LNBits v1 & The State of Lightning Network
Ben Arc is the creator of LNBits: a modular Lightning network wallet which, after 5 years of development, has just launched version 1. To celebrate this remarkable milestone, ”the CEO of Nostr” joins the show to talk about everything interesting in Bitcoin.
Time stamps:
00:00:53 - Introducing Ben Arc
00:01:08 - Ben Arc and LNBits V1
00:02:23 - LNBits beta version and V1 release
00:02:36 - Amir Taaki's Post-Syria Experience
00:03:08 - Rojava and Anarcho-Syndicalism
00:04:08 - LNBits development timeline
00:05:16 - Early stages of LNBits and Lightning
00:05:33 - Disillusionment in Bitcoin Space
00:07:20 - Stepan Snigirev and Specter DIY
00:08:11 - Modularity and extensions in LNBits
00:08:38 - Nostr and Bitcoin's Future
00:09:04 - Bear Market and Bitcoin's Value
00:10:00 - LNBits API and extensions
00:11:10 - LNBits as a sandbox for innovation
00:11:24 - Trump, Memecoins, and Market Downturn
00:12:31 - LNBits V1 new features and improvements
00:13:18 - Desired Bitcoin Adoption
00:14:12 - Dogecoin and Market Desensitization
00:15:09 - Bitcoin's Correlation with Stocks
00:16:26 - Bitcoin's Utility and Bear Market
00:17:41 - LNBits Investment and Thunderfunder
00:19:12 - Bear Market Camaraderie and Future
00:20:29 - Bitcoin's Humble Beginnings
00:22:20 - Dan Kaminsky and Len Sassaman
00:23:38 - LNBits security and real-world testing
00:23:51 - Satoshi's Anonymity Strategy
00:25:35 - John Nash and Satoshi Candidates
00:28:00 - Building extensions and ease of use
00:29:32 - Nick Szabo's Coding Abilities
00:30:34 - 600 Billion Meme Origin
00:34:34 - Hardware Wallets from AliExpress
00:39:09 - State of Lightning and future outlook
00:39:33 - Ledger Leaks and Supply Chain Attacks
00:41:42 - Trezor Security and Multisig
00:44:35 - Fiatjaf and Nostr
00:46:46 - Liquid Network Utility
00:51:51 - Nostr and IoT applications
00:52:48 - Lightning Network and Cross-Chain Swaps
00:55:48 - Bitcoin as digital gold and speculation
00:57:05 - Blockstream, Sidechains, and Federations
00:58:22 - Ideal money and Bitcoin's role
01:00:03 - Luke Dash Jr and Bitcoin Knots
01:00:47 - Layer 2s
01:03:15 - ZK-rollups
01:07:40 - Competition and collaboration in Bitcoin
01:07:58 - SegWit2x and BIP Bureaucracy
01:10:57 - Ecash and Cashu's development
01:11:11 - OpenTimestamps and Simple Proof
01:16:13 - Future Bullish Narratives for Bitcoin
01:17:29 - Improving Lightning Network design
01:22:43 - LNBits journey and future vision
01:25:08 - Businesses giving up on Lightning
01:30:01 - Node solutions and Raspberry Pi
01:34:54 - Zapstream and value-for-value content
01:37:05 - LNBits in five years
01:42:17 - Getting started with LNBits V1
01:46:33 - LNBits shop and hardware projects
02:00:00 - Nostr signing device
02:02:03 - Public key cryptography's importance
02:03:40 - Supporting LNBits and Nostr
02:05:05 - Nostr identity provider services
02:08:53 - Nostr's independence from blockchains
02:11:53 - Melvin Carvalho and Bitcoin community
02:14:02 - Nostr's Bitcoin echo chamber
02:17:03 - Nostr client discussion
02:18:26 - Elon Musk and politics
02:21:33 - Anarchism and private capital
02:30:31 - Roger Ver and taxation
02:37:05 - Bitcoin block size debate
02:41:13 - Bitcoin as medium of exchange
02:54:30 - Turkish Lira and the blind drummer
02:57:03 - Lightning Network's early days
03:05:05 - Strike and other Lightning companies
03:12:23 - Digicash and online payments
03:13:47 - Online identity and privacy
03:18:34 - Coinjoining and fungibility
03:22:13 - Privacy coins and Zcash
03:29:12 - Nostr, disinformation, and Phil Zimmerman
03:44:04 - Nostr growth and adoption
03:47:22 - Nostr applications and user growth
04:00:41 - Nostr Identity Purchases
04:05:27 - Private Key Backup Methods
04:06:41 - Nostr Development and Features
04:09:13 - Mallorca Blockchain Days
04:10:02 - Early Bitcoin Development
04:11:54 - Bitcoin & Nostr Adoption in Japan
04:15:28 - Nostr Conference Experiences
04:16:08 - Upcoming Conference Attendance
04:18:44 - Paralelni Polis Closure
04:20:25 - Room 77 Closure
04:21:14 - Early Bitcoin Wallets
04:24:20 - Early Bitcoin Figures
04:26:03 - Nokia N900 & LG Prada
04:28:36 - Ethereum and LocalBitcoins Origins
04:29:05 - Decline of Bitcoin Meetups
04:30:41 - Michael Saylor's Hope.com
04:38:05 - Saifedean plagiarized Dominic Frisby
04:41:14 - Saylor's Economic Views
04:45:35 - Consumerism and Planned Obsolescence
04:51:36 - Global Power Shifts and China
04:57:11 - European Union CBDC
05:03:04 - Cypherpunk Dream and Cryptography
05:06:03 - Politicians Using AI
05:15:24 - Bitcoin's Future and Replacements
05:20:44 - Bitcoin and Altcoin Development
05:24:41 - Lightning Network Importance
05:28:03 - Quantum Computing and Hard Forks
05:34:46 - Bitcoin in Suriname
05:42:09 - Secret Word
Time stamps:
00:00:53 - Introducing Ben Arc
00:01:08 - Ben Arc and LNBits V1
00:02:23 - LNBits beta version and V1 release
00:02:36 - Amir Taaki's Post-Syria Experience
00:03:08 - Rojava and Anarcho-Syndicalism
00:04:08 - LNBits development timeline
00:05:16 - Early stages of LNBits and Lightning
00:05:33 - Disillusionment in Bitcoin Space
00:07:20 - Stepan Snigirev and Specter DIY
00:08:11 - Modularity and extensions in LNBits
00:08:38 - Nostr and Bitcoin's Future
00:09:04 - Bear Market and Bitcoin's Value
00:10:00 - LNBits API and extensions
00:11:10 - LNBits as a sandbox for innovation
00:11:24 - Trump, Memecoins, and Market Downturn
00:12:31 - LNBits V1 new features and improvements
00:13:18 - Desired Bitcoin Adoption
00:14:12 - Dogecoin and Market Desensitization
00:15:09 - Bitcoin's Correlation with Stocks
00:16:26 - Bitcoin's Utility and Bear Market
00:17:41 - LNBits Investment and Thunderfunder
00:19:12 - Bear Market Camaraderie and Future
00:20:29 - Bitcoin's Humble Beginnings
00:22:20 - Dan Kaminsky and Len Sassaman
00:23:38 - LNBits security and real-world testing
00:23:51 - Satoshi's Anonymity Strategy
00:25:35 - John Nash and Satoshi Candidates
00:28:00 - Building extensions and ease of use
00:29:32 - Nick Szabo's Coding Abilities
00:30:34 - 600 Billion Meme Origin
00:34:34 - Hardware Wallets from AliExpress
00:39:09 - State of Lightning and future outlook
00:39:33 - Ledger Leaks and Supply Chain Attacks
00:41:42 - Trezor Security and Multisig
00:44:35 - Fiatjaf and Nostr
00:46:46 - Liquid Network Utility
00:51:51 - Nostr and IoT applications
00:52:48 - Lightning Network and Cross-Chain Swaps
00:55:48 - Bitcoin as digital gold and speculation
00:57:05 - Blockstream, Sidechains, and Federations
00:58:22 - Ideal money and Bitcoin's role
01:00:03 - Luke Dash Jr and Bitcoin Knots
01:00:47 - Layer 2s
01:03:15 - ZK-rollups
01:07:40 - Competition and collaboration in Bitcoin
01:07:58 - SegWit2x and BIP Bureaucracy
01:10:57 - Ecash and Cashu's development
01:11:11 - OpenTimestamps and Simple Proof
01:16:13 - Future Bullish Narratives for Bitcoin
01:17:29 - Improving Lightning Network design
01:22:43 - LNBits journey and future vision
01:25:08 - Businesses giving up on Lightning
01:30:01 - Node solutions and Raspberry Pi
01:34:54 - Zapstream and value-for-value content
01:37:05 - LNBits in five years
01:42:17 - Getting started with LNBits V1
01:46:33 - LNBits shop and hardware projects
02:00:00 - Nostr signing device
02:02:03 - Public key cryptography's importance
02:03:40 - Supporting LNBits and Nostr
02:05:05 - Nostr identity provider services
02:08:53 - Nostr's independence from blockchains
02:11:53 - Melvin Carvalho and Bitcoin community
02:14:02 - Nostr's Bitcoin echo chamber
02:17:03 - Nostr client discussion
02:18:26 - Elon Musk and politics
02:21:33 - Anarchism and private capital
02:30:31 - Roger Ver and taxation
02:37:05 - Bitcoin block size debate
02:41:13 - Bitcoin as medium of exchange
02:54:30 - Turkish Lira and the blind drummer
02:57:03 - Lightning Network's early days
03:05:05 - Strike and other Lightning companies
03:12:23 - Digicash and online payments
03:13:47 - Online identity and privacy
03:18:34 - Coinjoining and fungibility
03:22:13 - Privacy coins and Zcash
03:29:12 - Nostr, disinformation, and Phil Zimmerman
03:44:04 - Nostr growth and adoption
03:47:22 - Nostr applications and user growth
04:00:41 - Nostr Identity Purchases
04:05:27 - Private Key Backup Methods
04:06:41 - Nostr Development and Features
04:09:13 - Mallorca Blockchain Days
04:10:02 - Early Bitcoin Development
04:11:54 - Bitcoin & Nostr Adoption in Japan
04:15:28 - Nostr Conference Experiences
04:16:08 - Upcoming Conference Attendance
04:18:44 - Paralelni Polis Closure
04:20:25 - Room 77 Closure
04:21:14 - Early Bitcoin Wallets
04:24:20 - Early Bitcoin Figures
04:26:03 - Nokia N900 & LG Prada
04:28:36 - Ethereum and LocalBitcoins Origins
04:29:05 - Decline of Bitcoin Meetups
04:30:41 - Michael Saylor's Hope.com
04:38:05 - Saifedean plagiarized Dominic Frisby
04:41:14 - Saylor's Economic Views
04:45:35 - Consumerism and Planned Obsolescence
04:51:36 - Global Power Shifts and China
04:57:11 - European Union CBDC
05:03:04 - Cypherpunk Dream and Cryptography
05:06:03 - Politicians Using AI
05:15:24 - Bitcoin's Future and Replacements
05:20:44 - Bitcoin and Altcoin Development
05:24:41 - Lightning Network Importance
05:28:03 - Quantum Computing and Hard Forks
05:34:46 - Bitcoin in Suriname
05:42:09 - Secret Word
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