Bitcoin today is not bitcoin as it was in 2009. It’s continuously changing, with new technologies, like the Lightning Network, being introduced all the time. And the pace in which new technologies are being introduced keeps accelerating. It’s hard to see what’s happening behind the scenes, and what’s happening behind the scenes is a lot of very interesting work. In this talk from 2017 Andreas M. Antonopoulos talks about the Lightning Network and what happens when we stream money.
This is part of a keynote talk which took place on October 19th 2016 during the Bitcoin Wednesday Meetup at the Eye Film Museum in Amsterdam, Netherlands:
https://www.meetup.com/BitcoinWednesday/events/234498117/This talk is featured in The Internet of Money volume 2, which can be purchased in multiple languages in paperback, ebook, or audiobook:
https://aantonop.io/tiomv2ebooks/Chapters
0:00 Check Lock Time Verify (CLTV)
3:20 The Lightning Network
10:06 If a party doesn't deliver their forward promise, they can't collect on the promise that is coming to them
12:35 Why would an intermediary want to do this?
13:18 Transaction fees
14:08 If you use a route that's less costly but has more hops won't that introduce more settlement cost on the blockchain?
15:09 Without on-chain scaling, won't this push transaction fees away from the miners and therefore compromise bitcoin longterm decentralisation and scaling?
15:56 There's a possibility that it's too expensive to go between channels
16:36 Will Lightning Network be compatible with Bitcoin Unlimited?
17:14 Containers of money
22:49 What happens when we start streaming money?
Event Info:
http://www.bitcoinwednesday.com/event/special-edition-19-october-2016/Presentation Info:
http://www.bitcoinwednesday.com/antonopoulos-bitcoin-incubator-black-swans/LEARN MORE BY
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WATCH all of the talks included in The Internet of Money Volume Two:
https://www.youtube.com/playlist?list=PLPQwGV1aLnTu0KFDbHk4AUiiyce0xLX7p WORKSHOPS Andreas' Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started.
https://aantonop.io/takeaworkshop BOOKS You can also learn from one of his many books. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network (2021) published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.
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https://patreon.com/aantonopWHO IS ANDREAS?
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Andreas M. Antonopoulos is a technologist whose mission it is to educate as many people as possible, in as many languages as possible, about the social, political, and technological implications of #bitcoin & open blockchains. He's a computer scientist and educator who has been working tirelessly in bitcoin and open blockchains since 2013. He is known for delivering electric talks that combine economics, psychology, technology, and game theory with current events, personal anecdote, and historical precedent effortlessly transliterating the complex issues of blockchain technology out of the abstract and into the real world.
aantonop isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at
https://aantonop.com***Learn More From Andreas’ Workshops, Books & Events**
Amazon & Kindle:
http://www.amazon.com/-/e/B00MVAG8Z8 Audible:
https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8E-books & Merch:
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https://patreon.com/aantonop Website:
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