Can We Trust The Bitcoin Lightning Network? Death of BTC or Saving Grace? Centralization Coming?

9,795 Views · Posted 5 years ago

The Bitcoin Lightning Network is hailed as the most practical scaling solutions to turn BTC into a true peer to peer electronic cash. Is this the only way bitcoin can scale for mass adoption? What are the benefits that the lightning network provides? What are the negative risks that he lightning network will bring? Who is behind the lightning network and why do they have ties to the Federal Reserve Bank? Why are multiple celebrities and influencers suddenly supporting it? Today we take an objective look at the good & bad parts of the Bitcoin lightning network.
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⏰ Time Stamps ⏰
00:08 Introduction
00:48 What Is The BTC Lightning Network?
01:30 The Bitcoin Lightning Network Is Growing: Nodes & Capacity
02:22 Is The Lightning Network Becoming Centralized?
02:55 Lightning Network Nodes Are Becoming Easier To Set-Up
03:36 Risks of Running A Lightning Network Node
04;53 Many Wallets & Applications Being Built For The Lightning Network: Blue Wallet & tippin.me
06:24 Why Are Celebrities All The Sudden Supporting The Lightning Network?
06:51 Blockstream Is Behind The Lightning Network and Connected To The Fed & Banks
08:15 Conclusion

How To Set-Up A Lightning Node
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