Spark: A New L2 for Bitcoin with Kevin Hurley | SLP700
In this episode, Kevin Hurley, CTO and co-founder of Lightspark, discusses the Layer 2 solution called Spark, which aims to enhance Bitcoin's scalability and user experience. He shares insights from his journey transitioning from the Libra project to building on Bitcoin, addressing challenges faced with the Lightning Network, and the unique features of Spark, including its architecture, user experience, and future developments. The conversation also touches on trust, privacy, tokenization, and the importance of community engagement in the Spark ecosystem.Takeaways:šøSpark aims to provide a scalable and user-friendly Layer 2 solution for Bitcoin.šøThe transition from Libra to Bitcoin was driven by the need for a decentralized settlement layer.šøChallenges with the Lightning Network include inbound liquidity and complexity for users.šøSpark simplifies the user experience by abstracting away complexities of the Lightning Network.šøUnilateral exits in Spark allow users to retrieve funds without operator involvement.šøThe architecture of Spark is designed to support high transaction throughput and scalability.šøPrivacy features are being developed to enhance user confidentiality in Spark transactions.šøTokenization on Spark allows for the creation and transfer of assets efficiently.šøThe Spark ecosystem encourages community involvement and developer contributions.šøFuture developments will focus on programmability and advanced financial functionalities.Timestamps:(00:00) - Intro(01:01) - Kevinās journey from Libra to Bitcoin(04:28) - Why the need for another L2?(07:49) - What is @spark?; How is it beneficial for the end user?Ā (12:09) - Spark's technical framework(20:40) - Cooperative exits vs. Unilateral exits(26:17) - Sponsor(27:10) - Trust & privacy considerations in Spark(29:16) - Enhancing privacy in transactions(34:48) - Developer experience & toolingĀ (36:37) - What is Sparkās token protocol (BTKN)?Ā (39:11) - Stablecoin support on BTKN?Ā (41:13) - Kevinās views on programmability with Spark(43:35) - How is Spark different from other Layer 2 solutions?Ā (46:06) - What are Universal Money Addresses?; UMA for Cross-border transactions(49:14) - Corporate chains vs. Neutral settlement layers(52:15) - Can an individual spin up their own Spark operator?Ā (53:24) - Could 100 million people be using Spark?(55:00) - How can one contribute to Spark?Links:Ā https://x.com/kphurĀ https://x.com/sparkĀ https://x.com/umastandardĀ https://www.spark.money/Ā https://www.lightspark.com/news/lightspark/lightspark-acquires-strigaĀ https://www.lightspark.com/news/lightspark/introducing-lightspark-gridĀ https://x.com/lightspark/status/1981360175861944621Ā https://bitcoinmagazine.com/technical/spark-and-ark-a-look-at-our-newest-bitcoin-layer-twosĀ Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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56:25
Bitcoin's Sovereignty Paradox for UHNW Bitcoiners with Matt McClintock | SLP699
In this conversation, Stephan Livera and Matt McClintock delve into the complexities of wealth management in the context of Bitcoin, exploring the concept of the Sovereignty Paradox. They discuss the nuances of sovereignty, the importance of preparing the next generation for wealth, and the role of philanthropy. The conversation also covers tax implications, strategies for managing Bitcoin wealth, and the risks associated with custodianship. Matt emphasizes the need for diversification and the evolving landscape of Bitcoin custody and regulation, while also addressing common pitfalls in wealth management.Takeaways:šøSovereignty is a spectrum, not a binary choice.šøWealth management requires ongoing attention and strategy.šøPhilanthropy can be a meaningful way to manage excess wealth.šøTax implications are significant for high net worth individuals.šøDiversification is key in managing Bitcoin and other assets.šøCustodianship carries centralization risks that need to be managed.šøInvestment strategies should align with personal values and goals.šøMiniscript can enhance Bitcoin management strategies.šøEngaging the next generation in wealth discussions is crucial.šøPlanning around gift and estate taxes can save significant amounts.Ā Timestamps:(00:00) - Intro(01:35) - What is the sovereignty paradox?Ā (09:00) - What do UHNW Bitcoiners do when their wealth is beyond their level of consumption?(16:36) - SponsorsĀ Ā Ā (18:11) - Bitcoinerās perception of moneyĀ (20:57) - What does NgU do to the mindset of a UHNW client?(24:33) - Strategies for custodying oneās Bitcoin(31:22) - Managing centralization risksĀ Ā (37:08) - Evaluating Bitcoin exposure through Bitcoin ETFs, BTCTCs, BTC mining stocks etc.Ā (46:04) - How does Miniscript help with Bitcoin inheritance?(46:27) - Tax planning for UHNW Bitcoin investors(57:26) - What are some of the pitfalls to avoid?Ā (1:00:26) - Closing thoughtsĀ Links:Ā https://x.com/mcclintock_mĀ https://bespokegroup.io/Ā https://bespokegroup.io/sovereigntyparadox/Ā Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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1:02:21
PLAN B Lugano Podcast - Day 2 with Jack Mallers & Chris Pavlovski | SLP698
On Day 2 of Plan B Lugano, I sat down with Jack Mallers to discuss the rapid growth in the market for bitcoin collateralized loans, and with Chris Pavlovski on freedom technology and the state of free speech in the West with Rumble.Timestamps:(00:00) - Intro(00:49) - Jack Mallerās journey with Strike(02:49) - How does Strike lending work?; Liquidation levels(13:12) - Should people fear borrowing against their Bitcoin?(19:22) - Does Strike rehypothecate user funds?Ā Ā (26:36) - Whatās the latest with Rumble wallet? Chris Pavlovski explainsā¦(30:01) - What is the state of free speech in the west?Ā (34:08) - Leveraging AI and Rumble's partnership with Perplexity; Comet browser(36:53) - Chrisā view on Freedom tech; Rumble Cloud(41:07) - The importance of competition in tech(44:05) - Whatās next for Rumble?Ā Links:Ā https://x.com/jackmallersĀ https://x.com/StrikeĀ https://x.com/chrispavlovskiĀ https://x.com/rumblevideoĀ Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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45:59
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45:59
PLAN B Lugano Podcast - Day 1 with Philip Walton, Roy Sheinfeld, Tiero | SLP697
Join me as I interview some of the leading voices that are building on Bitcoin - Philip Walton Bringing affordable energy to Africa, Value transfer over payments & Time2Build by Roy and how Arkade is enhancing Bitcoinās layer 2 with Tiero.Ā Ā Timestamps:(00:00) - Intro(2:37) - Philipās background and the genesis of Gridless(4:20) - Why build Gridless in Africa?Ā (06:09) - Difference between Energy generation & distribution(10:24) - Communities affected by Bitcoin mining(12:45) - Operational challenges for Gridless(17:23) - Costs for operating Bitcoin mining machines(21:23) - Mini gridsĀ (23:00) - Regulatory risksĀ (25:07) - Global macro trends that impact Gridless(27:31) - āPayments are a fiat mindsetā Roy Sheinfeld(30:40) - Value transfers are permissionless & provide optionality(32:48) - Time2Build by Breez(39:40) - What are the different forms of Nodeless?; Concerns with Spark transactions(48:09) - What are the fees associated with Breez?Ā (51:30) - What is Arkade? Tiero explainsā¦(57:00) - How does batching transactions work?; Unilateral exit costs(1:01:48) - What is Arkade script?(1:10:00) - Use cases of Arkade and Arkade Script(1:21:04) - Future of ArkadeLinks:Ā https://x.com/LuganoPlanBĀ https://x.com/ouagawaltonĀ https://x.com/GridlessComputeĀ https://x.com/roy_breezĀ https://x.com/Breez_Techhttps://x.com/tierotieroĀ https://x.com/Arkade_OSĀ Ā Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
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1:22:44
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1:22:44
Bitcoin Core v30 and libbitcoinkernel with The Charlatan (bitcoin core dev) | SLP696
In this episode, Stephan Livera discusses the latest developments in Bitcoin Core with The Charlatan, focusing on the significant updates in version 30, including the removal of the legacy wallet, preparations for the Great Consensus Cleanup, and the introduction of the Bitcoin Kernel project.Ā The conversation also covers the implications of alternative implementations, the ongoing data carrier size controversy, evolving fee rate policies, and improvements in initial block download times. Additionally, they touch on the future of the Bitcoin Core GUI and the importance of competition in the Bitcoin ecosystem.Takeaways:šøBitcoin Core version 30 introduces significant updates, including a new mining IPC interface.šøThe legacy wallet is being removed to reduce technical debt and improve code maintenance.šøPreparations for the Great Consensus Cleanup are underway to address long-standing bugs.šøThe Bitcoin Kernel project aims to separate consensus code for better modularity.šøAlternative implementations of Bitcoin are encouraged to foster competition and innovation.šøThe data carrier size controversy highlights the balance between spam prevention and network performance.šøFee rate policies are evolving in response to market dynamics and miner behavior.šøImprovements in initial block download times are ongoing, enhancing user experience.šøAddress indexing features are being considered to improve wallet usability.šøThe Bitcoin Core GUI is undergoing updates to better serve user needs.Timestamps:(00:00) - Intro(01:30) - Major updates in Bitcoin Core version 30.0(04:58) - Why is the legacy wallet being removed?Ā (09:07) - The preparation for the Great Consensus Cleanup(13:25) - What is the libbitcoinkernel project?Ā (17:36) - Alternate Bitcoin node implementations(23:46) - Sponsors(25:09) - What is the future of competing Bitcoin clients?(31:56) - Charlatanās views on controversies surrounding Data carrier size(37:50) - Is Bitcoin Core serving the interests of few?Ā (45:45) - What is the impact of Fee Rate Policies?(53:00) - Dust limits & DOS concernsĀ (54:45) - What are the enhancements for Lightning Network transactions?Ā (57:16) - How bad could mining centralization get if left unchecked?; Libre relay and Transaction filtering(1:03:00) - What are the concerns of illegal content in Bitcoin?(1:05:45) - What is the most underappreciated aspect of Bitcoin development?Ā (1:11:10) - Reducing dependencies in Bitcoin Core(1:14:00) - What are the possible future developments in Bitcoin Core?(1:22:42) - What will be the role of competition in Bitcoin implementations?(1:26:00) - Address indexing & Wallet improvementsĀ (1:30:08) - Closing thoughtsLinks:Ā https://x.com/the_charlatan_Ā Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack
Join Stephan as he interviews the sharpest economic and technical minds in Bitcoin & Austrian Economics to help you understand how money is changing and evolving. Leading names in the world of Bitcoin join the show to share their insights, whether they are developers, CEOs, economists, authors, analysts and more.