Stephan Livera Podcast

In this conversation, I discuss with Nate the current state and future prospects of the Lightning Network as of December 2025. They explore various aspects such as payment success rates, public perception versus practitioner insights, routing fees, centrality in nodes, yield opportunities, privacy considerations, and the overall adoption of the Lightning Network. The discussion highlights the improvements made over the years, the economic incentives for node operators, and the importance of community-driven initiatives in shaping the future of the Lightning Network.=Takeaways:🔸The Lightning Network has improved payment success rates over time.🔸Public perception of the Lightning Network often differs from actual usage statistics.🔸Routing fees are crucial for maintaining liquidity and economic incentives in the network.🔸Centrality in Lightning nodes affects payment success and routing efficiency.🔸Yield opportunities exist for those operating Lightning nodes.🔸Adoption of the Lightning Network is expected to grow as more enterprises recognize its benefits.🔸Privacy in Lightning transactions is nuanced and requires careful management.🔸Innovations in Lightning technology continue to enhance user experience and functionality.🔸The future of the Lightning Network may involve more integration with traditional financial systems.🔸Community-driven initiatives are essential for the growth and improvement of the Lightning Network.Timestamps:00:00 Intro02:53 Current State and Performance of the Lightning Network05:58 Public Perception vs. Practitioner Insights08:53 Routing and Payment Success Rates11:55 Fee Structures and Yield in Lightning Network14:56 The Evolution of Lightning Node Operations17:56 Centralization Concerns in the Lightning Network27:45 Hub and spoke model?30:14 Privacy Concerns in Lightning Network32:41 The Centralization Debate in Lightning Network35:43 Merchant Adoption of Bitcoin Payments38:47 The Role of Bitcoin as a Medium of Exchange40:53 Exploring Lightning Network Implementations45:36 Recommendations for Different User Types50:45 Comparing Lightning Network with Alternative Solutions54:52 Enhancing Bitcoin's Functionality57:37 The Future of Bitcoin Development59:59 Bitcoin Myths and Misconceptions01:02:08 The Importance of Bitcoin Ownership01:06:05 Lightning Network Adoption and Innovations01:11:01 Privacy in the Lightning NetworkLinks:https://x.com/BeefOrBacon1http://billandkeonne.org/https://learn.robosats.org/Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

In this episode, B10C discusses his work in the Bitcoin ecosystem, focusing on the importance of censorship resistance, the role of mining pools, and the implications of OFAC sanctions on Bitcoin transactions. He introduces the Peer Observer project aimed at monitoring the Bitcoin network for anomalies and attacks, and highlights the need for a collaborative approach to Bitcoin network operations through the Bitcoin Network Operations Collective.Takeaways:🔸B10C has been working on Bitcoin open source projects since 2021.🔸Research on mining pools reveals they may filter out certain transactions.🔸Censorship resistance is a key feature of Bitcoin that needs monitoring.🔸The Bitcoin network lacks a professional monitoring system compared to large companies.🔸The Peer Observer project aims to detect attacks on Bitcoin nodes.🔸Monitoring tools can help identify anomalies in the Bitcoin network.🔸The Bitcoin Network Operations Collective is a forum for collaboration on network monitoring.🔸Compact block relay improves block propagation efficiency.🔸Different mining pools have varying policies on transaction inclusion.🔸The future of Bitcoin monitoring relies on community collaboration.Timestamps:(00:00) - IntroLinks: https://x.com/0xb10c https://b10c.me/ Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

In this episode the discussion revolves around the BOSS program (Bitcoin Open Source Software), which offers a 30-day series of technical programming exercises aimed at engaging participants in Bitcoin protocol development. The guests, Satsie, Sangbida, and Ron, share their backgrounds, motivations for joining the program, and experiences throughout the challenges. They discuss the impact of the program on their careers, the importance of community support, and the unique environment of open source development. The conversation also touches on the challenges of grant applications and the mindset required to succeed in this field. The episode concludes with advice for potential participants, encouraging them to take the leap and apply for the program.Takeaways:🔸The BOSS program is a free opportunity for learning Bitcoin development.🔸Participants come from diverse backgrounds, including IT and finance.🔸The program is gamified to keep participants motivated.🔸Community support is crucial for success in the program.🔸Contributing to Bitcoin open source is seen as ethical and impactful.🔸The experience in open source differs significantly from corporate environments.🔸Grant applications require a proactive approach and clear proposals.🔸Imposter syndrome is common but can be overcome with dedication.🔸Feedback from the community is direct and valuable for developers.🔸Working in open source can lead to fulfilling and autonomous careers.Timestamps:(00:00) - Intro(01:21) - What is the BOSS program?; Sangbida & Macgyver’s journey with BOSS(04:07) - Participant’s motivation & experiences with the BOSS program(09:00) - What are the career opportunities for Bitcoin developers after the BOSS program? (12:57) - Challenges of learning & working in open source(16:53) - What are Sangbida & Macgyver currently working on?(18:25) - What is it like applying for grants and funding in open source?(19:48) - Sponsor(23:12) - The role of community engagement in open source(25:16) - Skills and mindset required to thrive in open source(30:23) - Working in Bitcoin - passion vs. reality(38:13) - Closing thoughtsLinks: https://x.com/satsie https://bosschallenge.xyz/ https://bitcoindevs.xyz/ https://x.com/Bitcoin_Devs BOSS Challenge: https://x.com/i/status/1996282354969858301  Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

In this conversation, Davidson, a Bitcoin developer, discusses his project Floresta, which aims to provide a lightweight Bitcoin node solution that balances privacy, security, and usability. He explains the technical aspects of Floresta, including its architecture, the use of compact block filters, and its relationship with Utreexo. Davidson emphasizes the importance of making Bitcoin more accessible to non-technical users while maintaining security and privacy. The discussion also touches on the challenges of running Bitcoin nodes, the potential integration of Floresta with existing applications, and the future of Bitcoin technology.Takeaways:🔸Floresta aims to provide lightweight Bitcoin nodes with better trade-offs.🔸The project is designed for non-technical users who want to run their own nodes.🔸Privacy and security are key concerns in Bitcoin transactions.🔸Floresta uses compact block filters to enhance user experience.🔸The architecture of Floresta allows for easy integration with existing wallets.🔸Proof of work fraud proof offers a new way to validate blocks.🔸Floresta is a library that can be embedded in other applications.🔸User experience is crucial for wider adoption of Bitcoin technology.🔸Feedback from users is essential for improving Floresta.🔸The project has received positive reception, indicating a demand for lightweight solutions.Timestamps:(00:00) - Intro(01:04) - Who is Davidson Souza? (01:39) - What is Floresta?(03:40) - Floresta tradeoff for the end user (08:08) - How does a Utreexo-powered Electrum server work?; Neutrino (BIP 157,158) (12:00) - Feasibility for mobile devices(14:47) - Which script types does Floresta support? (15:50) - Who is the target audience of Floresta? (20:18) - Could Floresta be built into existing Bitcoin phone apps?  (22:22) - How does Floresta work? (27:53) - What’s the goal of ‘Proof of Work Fraud Proof’?(29:26) - Sponsor(34:24) - Who are ‘honest miners’?(36:05) - Proof of Work Fraud Proof vs. SPV vs. IBD model (42:50) - The relationship between Floresta and Utreexo; Rich nodes & compact state nodes(51:12) - What will be the cost & accessibility challenges to run a Floresta node? (56:23) - Is Floresta compatible with Bitcoin’s Layer 2 protocols? (59:15) - Using Floresta in real life(1:01:32) - Closing thoughts Links: https://x.com/Erik17192799 https://github.com/vinteumorg/floresta https://blog.dlsouza.lol/2023/09/28/pow-fraud-proof.html https://blog.dlsouza.lol/2023/09/28/new-floresta-wire.html Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack

In this conversation, Stephan Livera and Kevin Loaec discuss the challenges and advancements in self-custody and multi-signature (multisig) wallets for businesses. They explore the reasons why many businesses are hesitant to adopt self-custody, including regulatory constraints and the current limitations of available tools. The discussion highlights the evolution of multisig, the risks associated with centralized custodians, and the introduction of Liana Business as a tailored solution for businesses looking to implement multi-sig setups. They also dive into the importance of defining roles within a multisig framework, the mechanisms for recovery, and the future of recovery paths in Bitcoin. Kevin also shares various aspects of Bitcoin custody, focusing on time locks, key management, and the importance of recovery pathways for businesses. He emphasizes the need for user-friendly solutions that mitigate risks associated with key loss and the complexities of managing multiple wallets. The discussion also touches on the role of insurance in Bitcoin custody, the potential threats posed by large custodians, and the challenges of maintaining privacy while reusing keys across different setups. Takeaways:🔸Businesses often avoid self-custody due to regulatory concerns.🔸The tools for self-custody are still not user-friendly enough for many businesses.🔸Multisig wallets have evolved but still require technical knowledge.🔸Centralization of funds in custodians poses significant security risks.🔸Liana Business offers tailored solutions for business self-custody needs.🔸Recovery pathways are crucial for ensuring access to funds.🔸Insurance options can mitigate risks associated with key loss.🔸Employee turnover can complicate key management in businesses.🔸Replay protection is essential to prevent loss during forks.🔸Future corporate custody solutions may involve hybrid models with banks.Timestamps:(00:00) - Intro(01:06) - Why aren't businesses doing self custody right now? (02:55) - Evolution of multisig and Hardware Wallets(07:51) - Are there centralization risks with custodians?(10:24) - What is Liana Business?(13:11) - Multisig configurations with Liana(15:24) - Is Liana business optimal for businesses of all sizes?(17:31) - How does Liana Business address role-based governance?(25:03) - What are some of the recovery mechanisms in Liana?; Recovery paths (29:04) - Understanding Time Locks and Wallet Management(31:02) - Sponsor(32:00) - Who are the key holders while setting up Liana business?; Insurance in Bitcoin custody(37:06) - How should businesses manage key loss?(38:47) - What are some of the threat vectors in Bitcoin custody? (41:07) - What are the privacy concerns with hardware key reuse? (48:23) - Seamless key management for businesses(53:40) - What is Liana business’s USP?(55:27) - What is the future of corporate Bitcoin custody? (58:49) - Balancing convenience and security in Bitcoin custodyLinks: https://x.com/KLoaec https://x.com/lianabitcoin https://lianawallet.com/business/ https://x.com/wizardsardine Sponsor:CoinKite.com (code LIVERA)Stephan Livera links:Follow me on X: @stephanliveraSubscribe to the podcastSubscribe to Substack