Bitcoin Q&A: Lightning, full nodes, and miners


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.

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/

RELATED:
Does the Lightning Network have proof-of-stake elements? – https://youtu.be/GOYP4O4yetQ
Bitcoin, Lightning, and Streaming Money – https://youtu.be/gF_ZQ_eijPs
The Lightning Network & Rootstock – https://youtu.be/jUhe7J6-aG0

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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