
The "What is Money?" Show Bitcoin’s Trojan Horse: Lightning Network Masterclass w/ Jesse Shrader
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Sep 26, 2025 In this engaging session, Jesse Shrader, founder of Amboss and a Lightning Network expert, unpacks the intricacies of Bitcoin's Lightning Network. He explains how this layer-two technology enables off-chain microtransactions and tackles liquidity challenges. The conversation dives into privacy benefits, the importance of scaling solutions, and how Amboss utilizes data to enhance Lightning's efficiency. Jesse also reveals how incentivized liquidity can accelerate Bitcoin's adoption, shaping its future as both a monetary tool and a platform for diverse applications.
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Buying Coffee In Madeira
- Robert recounts using Phoenix wallet in Madeira to buy coffee with Lightning faster than a credit card.
- That user experience convinced him Lightning works as a practical medium of exchange.
Earn Yield Without Losing Custody
- Earn yield by providing liquidity: route payments for fees or lease liquidity via marketplaces for 1–4% APY historically.
- Keep custody while participating by opening channels on your own node and granting limited permissions to operators.
How A Nontechnical User Can Participate
- Use managed self-custody services that give you seed control and limited permissions (macaroons) to earn yield safely.
- Grant only channel-open/close and receive permissions so operators can't withdraw your funds.

