Bitcoin Lightning Network is BROKEN! w/ Paul Sztorc 🔥BTC Layer-Two's Ranked

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  • Опубликовано: 30 июл 2024
  • Bitcoin developer Antoine Riard has identified and reported what he believes might be a major security risk in the Bitcoin Lightning Network. In a report recently published, Riard shared that the loophole could potentially endanger funds moving through the Lightning Network. This speaks to a much broader issue in the Bitcoin community and innovation in it's layer-2 projects.
    Guest: Paul Sztorc, Founder and CEO · LayerTwo Labs
    LayerTwo Labs website ➜ layertwolabs.com/
    00:00 intro
    00:38 Paul Sztorc vs Lightning Network
    02:19 Lightning Broken
    04:24 Growth of Network
    05:18 Lightning Security Risk
    06:28 Bitcoin Payments Failing
    07:34 Visa x Solana Test
    08:28 Failing Payments
    09:26 Payment Chain Competition
    10:28 Michael Saylor on Micro-Payments
    11:25 Impossible on Lightning Network?
    13:05 Bitcoiners vs Paul Sztorc
    14:28 Drivechain Proposal
    16:17 Why Bother with BIPs?
    19:20 RANKING Bitcoin Layer-2's
    22:49 Other Bitcoin Ideas
    24:04 Halving vs ETF Importance
    26:13 outro
    #bitcoin #crypto #ethereum
    ~Bitcoin Lightning Network is BROKEN! w/ Paul Sztorc 🔥BTC Layer-Two's Ranked~
    ⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺⎺
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Комментарии • 115

  • @thinkorange
    @thinkorange 9 месяцев назад +11

    Paul enjoyed playing Bitcoin University clip....😂😂

  • @Torrezno420
    @Torrezno420 9 месяцев назад +8

    Kaspa has solved this. One second transactions on a POW network like Bitcoin

  • @KyleWillson
    @KyleWillson 9 месяцев назад +4

    The popcorn was ready for this one

  • @Kaspagraph
    @Kaspagraph 7 месяцев назад +5

    Kaspa fixes this

  • @qmulus1
    @qmulus1 7 месяцев назад +2

    No mention of ckBTC?

  • @peterRobinson10101
    @peterRobinson10101 9 месяцев назад +4

    haha "the people on twitter who never used lightning"... so true. Ive never used lightning!

  • @joshuayougas8588
    @joshuayougas8588 9 месяцев назад +5

    ICP ckbtc fixes this

  • @FoxFire_ICP_420
    @FoxFire_ICP_420 9 месяцев назад +3

    What about ckbtc?

  • @jackripple
    @jackripple 9 месяцев назад +1

    Isn't the lightning Network owned by all Maxie's

  • @nickgutierrez4536
    @nickgutierrez4536 9 месяцев назад +6

    Fantastic 👏 work for blasting and correcting Matt's Bitcoin University 😂

  • @RyanMurphy-ss2pl
    @RyanMurphy-ss2pl 9 месяцев назад

    Great show

  • @mobious6340
    @mobious6340 9 месяцев назад +8

    i don’t see btc as a currency, rather it’s a global store of value, and as is works fine for that. it’s when you try to make it a global currency, is when you experience problems.. btc cannot scale to the level needed to function as such.

    • @rmondave
      @rmondave 9 месяцев назад +3

      Yes sure. This guy is our glass is half empty. If one understands that the world is on an accelerating track to fiat hell, bankruptcy, hyperinflation fiat collapse, and continued larceny, then Bitcoin would be given its proper respect and value.

    • @OfficialFA
      @OfficialFA Месяц назад +2

      The people they say Bitcoin solves everything are the ones overselling it...they don't acknowledge the flaws & they get angry like radical evangelists...😂

  • @lukeallen6444
    @lukeallen6444 9 месяцев назад +1

    Spend the bits on XRPL?

    • @OfficialFA
      @OfficialFA Месяц назад +1

      The Bitcoin evangelists wouldn't like that..

  • @shammuk02
    @shammuk02 7 месяцев назад +11

    BTC is too slow and too expensive to be a global currency... if everyone uses BTC the network will be so overloaded that transactions will never go thru

    • @Andrew_2414
      @Andrew_2414 5 месяцев назад

      Wrong.

    • @surface_glow2520
      @surface_glow2520 5 месяцев назад

      Omg..have you not heard of something called Bitcoin Layer 2? It’s coming this bull run…last bull run it was Ethereum Layer 2s that got the most action. Every single bull run in crypto has a narrative.

    • @pushthemule
      @pushthemule 5 месяцев назад

      It's not for minions. It's a rich mans token for large and major transactions

    • @OfficialFA
      @OfficialFA Месяц назад +1

      They're like radical evangelists, don't even bother with those 'Bitcoiners'...😂

  • @surreaLinnovatioN
    @surreaLinnovatioN 7 месяцев назад +1

    Calling Stacks D is just odd to the point of purposeful bias, it's literally the best ones and directly attached to Bitcoin. I thought that why they saved it for towards the end because we already knew this

    • @surface_glow2520
      @surface_glow2520 5 месяцев назад

      Hey let them knock it if they want…but it’s basically solana when it was $3. Institutions like BlackRock are buying up Stacks while it’s still cheap. Keyword to remember is Tokenezation.

  • @SebbArtha-hv1ee
    @SebbArtha-hv1ee 9 месяцев назад +1

    Microvisión (space)
    Tectum (tet)

  • @Tussenvoegsel
    @Tussenvoegsel 8 месяцев назад +2

    I had no idea how juvenile the Bitcoin community is. Nice vision, but the wrong people to execute such a complex undertaking. No future for Bitcoin.

    • @OfficialFA
      @OfficialFA Месяц назад +1

      They're like radical evangelists...

  • @Proper71
    @Proper71 9 месяцев назад +6

    The best answer that Matt made went something like, Paul is trying to change the ocean instead of building a better boat.

    • @fairplayer7435
      @fairplayer7435 9 месяцев назад +1

      Ouch...

    • @OfficialFA
      @OfficialFA Месяц назад +1

      The illusion of scarcity is a powerful tool..😂

  • @anthony09283
    @anthony09283 6 месяцев назад +1

    Can you share some more detail why Stacks is so bad? Would like to know more and get out of it, if it makes sense. Thank you.

    • @surface_glow2520
      @surface_glow2520 5 месяцев назад

      Don’t listen to them about Stacks. It’s the only SEC approved ICO in entire history of cryptocurrency. Big money like grayscale and blackrock will lift this thing to $80 per coin in a years time.

  • @steboulrase
    @steboulrase 9 месяцев назад +2

    This guy just speak over Paul Barron in same time without want stop.. this is hard watch sometime.

  • @gsantana4087
    @gsantana4087 9 месяцев назад +3

    FLEXA!

    • @noname-ul3cl
      @noname-ul3cl 9 месяцев назад +1

      Flexa and AMP is 🔥

  • @catchinfishies5765
    @catchinfishies5765 9 месяцев назад +4

    Alot of what paul said is outright wrong

    • @taccntb4345
      @taccntb4345 9 месяцев назад +1

      Said no one of importance

  • @icon5892
    @icon5892 9 месяцев назад +4

    Perfect! ICP stepped in and solved their problems.

  • @peterRobinson10101
    @peterRobinson10101 9 месяцев назад

    When is someone going to set up an Ebay/Amazon for bitcoin?
    (there has been a few but none taken off).

    • @taccntb4345
      @taccntb4345 9 месяцев назад

      There will never be. Are you that dense…?

    • @Jack_Parsons666
      @Jack_Parsons666 4 месяца назад

      You mean like Silk Road on the dark web?

  • @michaelsteven1090
    @michaelsteven1090 9 месяцев назад +2

    I don't want to spend BTC, I want to save it..

  • @surreaLinnovatioN
    @surreaLinnovatioN 7 месяцев назад +1

    Thorchain censored transactions, I sold immediately

  • @theGabester
    @theGabester 9 месяцев назад +3

    I’m not sure it matters who wants to pay for anything with bitcoin? It’s a store of value… People in foreign countries that want to use it as currency have much faster options… XRP, Xlm, LTC, bch etc….

    • @deleon9k805
      @deleon9k805 3 месяца назад

      Except money converges to one so it should be both a SOV and MOE

  • @m0o0n0i0r
    @m0o0n0i0r 9 месяцев назад +1

    Just use spend the bits, problem solved :-)

  • @bewaretheLamb808
    @bewaretheLamb808 9 месяцев назад +1

    FUD?! Lol hard to take this seriously with a developing technology.

  • @thomasneal7126
    @thomasneal7126 2 месяца назад

    You bash it and say it is worthless than turn right around and say one day it could work. I think we all forget that the BTC ecosystem is still very young and is having some growing pains. In my opinion the only the only way to give a fair assessment is to ask the question, is the underlying BTC framework and foundation solid? If you say yes than it is not fair to say it is worthless just because there are some current shortcomings that need to be worked out. Now if you think the BTC framework and foundation is crap and not solid and sustainable, it is fair to say that in your opinion it is worthless, and adoption should be halted. This is just one man's opinion, your mileage may very.

  • @kubersachetiart3404
    @kubersachetiart3404 9 месяцев назад

    paul meets paul

  • @RichOmar875
    @RichOmar875 9 месяцев назад

    Xrp

  • @hullumstarmedia
    @hullumstarmedia 4 месяца назад +1

    The beginning felt like some traditional news. Poo... But when I see guys with glasses boxing utilizing verbal digital blah blah blahs.... I mean the thought of Mike Tyson making Jake Paul his b**** ... Just got a little less interesting 😊...

  • @huluvublue6536
    @huluvublue6536 9 месяцев назад

    Drivechains rule great interview AS ALWAYS great job both Pauls

  • @paulishism
    @paulishism 4 месяца назад

    I don't have to thrust people I pay fiat because the system works. If I need to thrust the people I pay with Lightening then your system doesn't work.

  • @jackripple
    @jackripple 9 месяцев назад +1

    😂EVMs

  • @macewilliams100
    @macewilliams100 9 месяцев назад +1

    CKBTC. Enough said.

    • @manuelazevedo7266
      @manuelazevedo7266 9 месяцев назад

      Exactly!!! Glad someone else on here already said it🚀🚀🚀

  • @SannibalBarca
    @SannibalBarca 9 месяцев назад +6

    BTC is not Daily Cash! BTC is a wire! It’s final setltlement! It’s fucking gold!

  • @ampknight7401
    @ampknight7401 9 месяцев назад

    FLEXA

  • @matiaskamula1253
    @matiaskamula1253 9 месяцев назад +2

    AdA for life!!!

  • @HowardARoark
    @HowardARoark 9 месяцев назад +7

    This guy is the next Roger Ver for the next banker-funded war against Bitcoin. Why doesn't he just use another Crypto, there's plenty of them? Paul Barron is in danger of becoming the Elton John of Crypto space and his show a 'Pop Mart'. Stick to serious journalism Paul, you can do better. This guy you are chuckling along with is a mealy-mouthed wokey. Bitcoin Core will be singing "I'm Still Standing" pretty soon you'll see, and Shitcoiners will be singing "I Guess That's Why They Call It The Blues".

  • @tonyoncrypto
    @tonyoncrypto 9 месяцев назад +11

    Lightening is just a failed software project with no adoption. Just retire the thing. BTCB (BEP-20) and WBTC (ERC-20) are examples of bridged Bitcoin running on smart contract platforms, Turing complete with amazing composeability. An EVM compatible L2 for Bitcoin is all we need. Similar to the BEP-2 / BEP-20 relationship for BNB.

    • @taccntb4345
      @taccntb4345 9 месяцев назад +4

      We already have the infrastructure and tps. It’s called L2 transactions. JP Morgan is using Ethereum for instance instead of btc’s janky “lightening” network. Seriously when will people wake up to the fact bitcorn is just a meme…

    • @TheHonestFoodTeller
      @TheHonestFoodTeller 9 месяцев назад +2

      BS, my friend, BS. WBTC/BTCB are shitcoins. I am not saying LN is the future of BTC, but it's actually pretty close. It will remain forever, or until the BTC remains running. I am sure there will be L2/L3/L4 solution for BTC, but it's not here yet. Drivechains are OK, but still far from secure.

    • @simyryan6616
      @simyryan6616 9 месяцев назад

      Neither BTC or ETH will be used in the future.XRP & XLM will solve the puzzle

    • @oflowshow
      @oflowshow 9 месяцев назад +1

      Bitcoin has a Sidechain called RSK which an EVM basically Ethereum without ETH using BTC for gas

    • @taccntb4345
      @taccntb4345 9 месяцев назад

      @@oflowshow So. No one uses it nor will use it. Anything else?

  • @rmondave
    @rmondave 9 месяцев назад +2

    Not such a clear crisp interview. Talking over each other for a good part of the interview.

  • @cryptoexperience4446
    @cryptoexperience4446 9 месяцев назад

    BSV

  • @kubersachetiart3404
    @kubersachetiart3404 9 месяцев назад

    impressive opinions
    i kind of like this guy

  • @Fearzero
    @Fearzero 9 месяцев назад +2

    Nope that was fixed last week. Come on Paul.

  • @crezychucky55
    @crezychucky55 9 месяцев назад +1

    Be careful people scammer is around the corner be careful ,hahahah bitcoin....payment hahahah

  • @m0o0n0i0r
    @m0o0n0i0r 9 месяцев назад +2

    Xrpl and the amm will fix this. Create an liquidity pool with xrp:btc abd job done

    • @m0o0n0i0r
      @m0o0n0i0r 9 месяцев назад

      Or ofc just use spend the bits

  • @phillyboy3426
    @phillyboy3426 4 месяца назад

    Is anyone investing in this coin ?

  • @ThinkTank541
    @ThinkTank541 9 месяцев назад

    Sir Paul, I have a project I was hoping you would be interested in doing 😊an interview with the creator, Gala Games Ex Lawyer Jesse Hynes started a Web3 Crowdfunding / Security sales project Called Seedstarter, all certified by SEC.

  • @pearse500
    @pearse500 9 месяцев назад +3

    Roger Ver V2....get Jack Mallers on to counter all this Bull!

  • @Chickenbiscuit36
    @Chickenbiscuit36 9 месяцев назад +4

    KASPA WILL FIX THIS ALL

    • @Fearzero
      @Fearzero 9 месяцев назад +1

      A small cap shitcoin isn't fixing anything.

    • @surface_glow2520
      @surface_glow2520 5 месяцев назад

      Hahaha kaspa is garbage 😂😂😂

    • @phillyboy3426
      @phillyboy3426 4 месяца назад

      ​@surface_glow2520 why is Kaspa garbage?

    • @dd-ow6pe
      @dd-ow6pe 2 месяца назад

      no answer he's garbage@@phillyboy3426

  • @chyrilmullen5286
    @chyrilmullen5286 9 месяцев назад +2

    Why is a single digit millionaire guest questioning a billionaire on what is a possible vision for bitcoin on a network. Who knows what the future holds. History is littered with stories of people have seen things before they happened!

  • @joebob9725
    @joebob9725 5 месяцев назад +1

    the dude is annoying af..

  • @russellpatey374
    @russellpatey374 9 месяцев назад +2

    Nothing is broken with Bitcoin!!! It's just angry investors pissed off from overly shorting Bitcoin, and losing funds because Bitcoin is shooting for the heavens🤑

  • @dorin.dumitru
    @dorin.dumitru 9 месяцев назад +5

    Aaaaah, the moment people will realize BTC could have some issues and will start to migrate their investments towards ETH, SOL, ADA, etc... uhuhuuu, this would be crazy!

  • @terryj3385
    @terryj3385 9 месяцев назад +3

    $KASPA fixes this.

  • @Falkor_ROME
    @Falkor_ROME 9 месяцев назад +1

    Meanwhile 2 million transactions a day are being driven by a handful of merry metaverse aliens, androids, and humans in a galaxy called Galia. A+ for effort, but nothing comes close to Solana. Keep an eye on Breakpoint next week as things get solidified by Firedancer👽

  • @joaobranco6419
    @joaobranco6419 9 месяцев назад +7

    Oh my GOD, when is Paul's research team go visionary and talk about the only project that fixes all this, KASPA. Are we going to have to wait until It's completely obvious to everyone?

    • @themistoclesofathens4178
      @themistoclesofathens4178 9 месяцев назад

      yeah this channel is not on the fringe enough to catch on to that yet, they will probably talk about it once it enters top 20

    • @chesteredgewater3951
      @chesteredgewater3951 9 месяцев назад

      The answer is Yes

    • @nobody_X24
      @nobody_X24 9 месяцев назад

      Lol

    • @t-birdmr.t7980
      @t-birdmr.t7980 9 месяцев назад +1

      No smart contacts yet. It'll go the way of ERGO

    • @andrewmcmurray8081
      @andrewmcmurray8081 9 месяцев назад +1

      Did I catch a wiff of your BAGS

  • @hyperbeast77
    @hyperbeast77 9 месяцев назад +1

    SOLANA for payments period.

  • @tobyncummins
    @tobyncummins 7 месяцев назад +1

    BSV is inevitable, no matter how much you hate the project with a passion. BTC is a psyop and it's going down either way.

    • @surface_glow2520
      @surface_glow2520 5 месяцев назад +2

      Little late for that lol big money institutions bought it up and no way in hell will they let it die. ETFs are here and Tokenezation of assets is coming next.

  • @Altcoin1111
    @Altcoin1111 9 месяцев назад +1

    Buy chanlink ASAP 11.00 is great price

  • @mrogun1974
    @mrogun1974 8 месяцев назад +1

    Not having icp on the ranking list is dishonest

  • @taccntb4345
    @taccntb4345 9 месяцев назад +1

    B b b but what about my Bitcorn. My bitcorn solves all. Just listen to cult leader Michael Saylor to make yourself feel better.

  • @KASPA-KEY
    @KASPA-KEY 6 месяцев назад +1

    Kaspa fixes this