Bitcoin Q&A: Lightning, Full Nodes, and Miners
Channel: aantonop
Date: 2017-03-25

The Lightning Network as Bitcoin's proof-of-stake. It represents an opportunity for users who want to run full nodes. It requires the committed expenditure of resources and right now not enough people are willing to do that without getting paid. More people would do it if they could participate in Lightning and earn fees. 'You would think that a group of miners that run fully validating nodes would want to become hubs. But it requires more maintenance, administration, and upgrades than they're used to. There is a culture divide between software and hardware.

Chapters
0:00 One comment you made, which I loved you said Lightning was a bit like proof-of-stake. I just wanted to know, how does everything feed into that? How will things change?
0:42 It represents a tremendous opportunity for users who want to run a Bitcoin full node
1:41 Lightning is one way we can incentive people to run fully validating nodes and full archive nodes

This is part of a talk which took place on March 20th 2017 at the Singapore Management University for the Singapore Bitcoin & Ethereum meetups: https://www.meetup.com/BitcoinSingapore/events/237307480/

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Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

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