HomeGuidesAndreas M. AntonopoulosBitcoin Q&A: Running Nodes and Payment Channels

Bitcoin Q&A: Running Nodes and Payment Channels

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Should more people run nodes? What is a pruned node? What are the costs? Why would a satellite connection be valuable to the network in terms reliability and censorship resistance? You should run a node on hardware you control in order to independently validate and broadcast transactions (especially your own).

Jack Mallers’ Lightning wallet: http://zap.jackmallers.com/

Chapters
0:00 Should more people run a full node in light of the recent contentious hard fork and user-activated soft fork?
3:04 If you can do it, do it! It is a great experience. You will learn a lot about different aspects of the technology
4:39 Why is a satellite connection so valuable?
5:59 What would be the requirements for someone to host a Lightning Network payment channel? Will this proof-of-stake model make the rich richer?
8:15 Will this proof-of-stake model make the rich richer?

This was part of the first monthly live Patreon Q&A session on November 27th, 2017. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

RELATED:
The Lightning Network – https://youtu.be/vPnO9ExJ50A
Lightning and onion routing – https://youtu.be/D-nKuInDq6g
Decentralized Truth – https://youtu.be/XCVaabu3J04
Bitcoin, Lightning, and Streaming Money – https://youtu.be/gF_ZQ_eijPs
What is the role of nodes? – https://youtu.be/fNk7nYxTOyQ
Lightning, full nodes, and miners – https://youtu.be/dlJG4OHdJzs
Rules vs. Rulers – https://youtu.be/9EEluhC9SxE
Atomic swaps – https://youtu.be/fNFBA2UmUmg
Microfinance and streaming money – https://youtu.be/xs6hUcfuX9w
Fungibility, privacy, anonymity – https://youtu.be/y3s8c7YDtXU
SegWit, scaling, and consensus – https://youtu.be/Jc7mrR6AAto
Lightning Network without SegWit? – https://youtu.be/wqbQJ82Hf0s
Scaling is a moving target – https://youtu.be/pT9kJq_Ogrk
Altcoins and the scaling debate – https://youtu.be/slbpdW-H3yk
Solar energy and mining in space – https://youtu.be/cusakcpa8AM
Energy consumption – https://youtu.be/2T0OUIW89II
Introduction to the Internet of Money – https://youtu.be/rc744Z9IjhY
Bitcoin: Where the Laws of Mathematics Prevail – https://youtu.be/HaJ1hvon0E0
Worse Than Useless: Financial Surveillance – https://youtu.be/n4F-h4xuXMk

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

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

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

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Subscribe to the channel to learn more about Bitcoin & open blockchains!

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