Lightning on the Bitcoin Beach Wallet

The lightning network is not going to build and scale itself. Hard work needs to be put into making sure the lightning network is a safe and secure channel for making payments of all sizes with Bitcoin. Additionally, there are tough usability challenges that need to be solved in order to make the experience of using the lightning network simple for users from any technical background. These are some of the challenges that Nicolas Burtey from Galoy Money has decided to focus on. His company builds the Bitcoin Beach Wallet, a custodial lightning wallet. The Bitcoin Beach Wallet is one of the lightning wallets in use by the now-famous Bitcoin Beach project in El Salvador. 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. Wallet of Satoshi 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 Wallet of Satoshi? 00:40:50: How to help with the Wallet of Satoshi project 00:42:10: Thirty communities have reached out to the Wallet of Satoshi. 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 Wallet of Satoshi. Brief discussion on Proof of Reserves, Liquidity on the Lightning Network. 00:55:00: Outro, thanks and pitch to invest in Lightning Network Companies