Lightning on the Bitcoin Beach Wallet

Magic Internet Money

Nicolas Burtey joins Brad to discuss what it is like building the Bitcoin Beach Wallet on the Lightning Network. Nicolas is the co-founder of Galoy Money, a company that works on bringing the lightning network to the people who need it, through open sourced, community based applications. This episode covers a range of topics including Bitcoin Beach, Lightning Network Scalability, and the merits of building on lightning in the midst of the DeFi frenzy. Nicolas brings his perspective as someone who has worked on VR, then Ethereum, then dedicating his time exclusively to Bitcoin.

Timestamps

00:00:00: Podcast Start and Introduction

00:03:40: Nicolas’s Introduction and conversation begins by talking about Bitcoin Beach

00:05:50: Nicolas’s backstory as someone who got into VR, then cryptocurrency through Ethereum

00:09:07: Nicholas starts looking into the lightning network from a payments perspective

00:14:32: Investors are sleeping on the lightning network, DeFi attracting Investors through deceptively enticing ROI

00:18:25: What it is like building on the lightning network

00:24:02: Building the Bitcoin Beach community with Michael Peterson

00:27:20: Discussion on Custodial vs Non-Custody Wallets. Bitcoin Beach Wallet is Custodial and acts as a sort of Community Bank

00:29:00: How is the Wallet of Satoshi scaling?

00:31:28: Economics of El Zonte and El Salvador

00:35:20: People trading in El Salvador, should people even try trading?

00:37:38: What does it take to scale the Bitcoin Beach Wallet?

00:40:50: How to help with the Bitcoin Beach Wallet project

00:42:10: Thirty communities have reached out to the Bitcoin Beach Wallet. What is the future of the lightning network in these communities?

00:44:00: Translation of Bitcoin content into various languages

00:47:04: Bitcoin Lessons building bite sized Bitcoin educational material

00:49:52: People travelling to El Salvador to help with Bitcoin education

00:52:01: How to help out with the Bitcoin Beach Wallet. Brief discussion on Proof of Reserves, Liquidity on the Lightning Network.

00:55:00: Outro, thanks and pitch to invest in Lightning Network Companies

Links to Mentions in the Show

Bitcoin Lessons

Bitcoin Beach

Bitcoin Beach Wallet

Wallet of Satoshi

GaloyMoney Website

GaloyMoney Github

Lightning Network

Guest Social Links

Nicolas Burtey Twitter

Brad Mills Social Links

Brad Mills Twitter

Magic Internet Money Twitter

Magic Internet Money Facebook

Magic Internet Money Instagram

Produced by Brad Mills - Twitter, Jason Sanderson - Podcast Tech. Art by Daniel Huddlestone, Show Notes by Go Full Crypto.

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.