Bitcoin Scaling and Lightning Network with Jameson Lopp
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“Bitcoin is an open collaborative project, where we are trying to organically determine what the optimum form of money is.”
Interview location: New York
Interview date: Tue 15th May 2018
The Bitcoin scaling debate has been a common thread across my recent podcast episodes, so it was great to have Jameson Lopp return to the podcast to get his perspective on some of the critical issues.
Jameson was initially on WBD003 which remains the most downloaded episode to date. As we were both in New York for Consensus, Jameson agreed to meet up with me to record a follow-up episode.
Since we first met, Jameson has left his role at BitGo to work at custody solution Casa. With the growth in portfolio value, many Crypto holders are managing substantial portfolio values, yet the Casa team recognised that there is a gap in the market for a secure private key management solution designed to limit all attack vectors.
In a recent Medium post, founder, Jeremy Welch highlighted the Multi-signature + Multi-location + Multi-device approach being taken by Casa:
Our first product is the ultimate personal HODL setup: 3-of-5 multi-signature key software with 24/7 support. Keys spread across devices on a mobile phone, three hardware wallets and our Casa Key Recovery Service (KRS). This setup gives you full control while addressing risk of theft, accidents, disasters and more.
In this interview, I talk in depth with Jameson about Casa, their solution, his role and what keeps him awake at night. We also discuss other critical topics in Crypto such as his thoughts on Bitcoin scaling and the Lightning Network.
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SHOW NOTES
Connect with Jameson:
His websites:
Statoshi.info - Realtime Bitcoin Node Stats
Casa - his current engineering role
Casa articles:
Other:
Tom Woods Show: Debate with Roger Ver
BREAKDOWN OF THE SHOW
00:03:54: Introductions
00:04:34: Casa and private key management
00:15:15: Jameson's role
00:15:54: Fears surrounding smart contract development
00:18:47: Casa's self-custody target customer base
00:20:13: The onboarding process
00:27:10: Proposed launch
00:30:02: What is Bitcoin to Jameson?
00:31:34: Bitcoin vs Bitcoin Cash, seeking the truth
00:33:26: The importance of full nodes
00:36:50: Bitcoin trade-offs
00:38:45: Jameson's view on Bitcoin Cash
00:47:45: Reddit toxicity
00:51:25: The Roger Ver interview
00:57:49: Why Bitcoin Cash should exist
01:00:32: Second-layer technologies
01:01:29: Lightning Network
01:09:21: Mainchain transaction fees
01:12:00: KYC AML issues for the Lightning Network
01:14:20: Fees versus block size debate
01:19:03: Final comments
THANKS
Jason Camiolo for audio production, his website is at http://www.jasoncamiolo.com/
James Parkin for helping me with admin and trading
Paul Edmonds for graphic design
