KDC #38: Adam Back (PhD) - The Bitcoin Rabbit Hole & Lightning Network.

During the Lightning Conference 2019 in Berlin, I had the pleasure to sit down with Adam Back (cyberpunk, cryptographer, PhD in computer science, CEO/Co-Founder of Blockstream etc.) for an interview. Adam´s works (Hashcash used in Bitcoin Mining) is cited in the White Paper of Satoshi Nakomoto.  Our fascinating talk deep down the Bitcoin Rabbit Hole covers a spectrum of questions and topics:  Lightning: Purpose / Vision/ Challenges / Scalability / Privacy / Security / On&Off Chain Finalization of Payment Future Developments: Layer 1 & 2; Interoperability / Splice-In / Channels UX / UI / By Default Functions&Features/ "All in One"?/ New Wallets Coinjoin&Wasabi / Samourai&Whirlpool  Different Trade-Offs: Convenience, Privacy, Security etc. Liquid-Chain / Encryption / Block Explorer IPs/ Tor / VPN Education / Self-Responsibility  Critical Mass-Adoption Multi-Signatures / 2FA  Safe Recovery-Key / User-Control  The Bigger Picture  Bail-In / Negative Rates / Recession / Crash Keynesianism / Modern Monetary Theory / (Hyper-) Inflation Investment-Allocation of Bitcoin / Gold / Volatility / Stability / Adoption-Curve FOMO / Mass-Psychology / Stock-to-Flow-Ratio / (Absolute) Scarcity  Digital Gold Asset Adoption Saturation Permissionless / Self-Sovereignty / Censorship-Resistance / Privacy Predecessors of Bitcoin / Failures / Centralization Satoshi Nakomoto´s Vision and Ethos  Human Civilization / Evolution / Technological "Zero-to-One" Innovations  Hard & Sound Money / Bitcoin: The New Gold-Standard  Limitations of Gold  Bank Runs Fractional Reserve Banking & Money  Humanity Not Understanding Money  Low Time Preference & Saving True Potential & Essence of Bitcoin for Humanity  "The Bitcoin Rabbit Hole"  Improving the Quality of Life for Billions of People with Bitcoin Beautiful Vision: Evolution.  Follow Adam Back on twitter: @adam3us Website: cypherspace.org/adam/ Like, share, subscribe, and if you want to support me, write a positive review on ITunes/Apple Podcast or any other Podcast-Platform. Ethical (Bitcoin-) Sponsors are welcome. Contact Keyvan Davani: [email protected]  YouTube: youtube.com/c/keyvandavani Satoshis are welcome, too! Thank you! Keyvan twitter: @keyvandavani