Explained: Bitcoin Lightning Network

Recap of everything Bitcoin for August 9th, 2021
► In the past 2 months, the Bitcoin Lighting Network capacity has grown by 46%. This Lightning Network - responsible for scaling the Bitcoin network with fast, cheap, and secured transactions - now holds over 2,200 Bitcoin in its channels. BSV gets 51% attacked while the BTC lightning network keeps going up - cosmic justice!

► The sleeping giant of a global network of cyber hornets has been awakened. The treasury declared war on freedom. Bitcoin magazines states that our society can become more civil while fighting to fix the current money system we have.

► Senator Pat Toomey and Cythia Lummis explain their bipartisan amendment on Bitcoin transactions to the new infrastructure bill. Toomey states that this new amendment ensures that the bill does not include software developers, Bitcoin transaction validators, node operators, or other “non-brokers.” However, Senator Lummis goes on to explain that if the US stifles innovation with heavy handid regulation the country and it’s citzens will get left behind.

✔ Daily Fail Sources:

✔ Epic Tweet Review, by: @BitcoinMemeHub:

✔ BTC Daily News Sources:

✔ Phoenix v1.4.15 Released

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✔ Special Thanks to these Awesome Bitcoiners:

✔ Descriptions & Thumbnails by, Meg:

DISCLAIMER: All views in this episode are our own and DO NOT reflect the views of any of our guests or sponsors.

Timecodes:
0:00 - Intro
0:12 - Bitcoin Stats
2:29 - Daily Fail
11:42 - Meme Review
13:42 - BTC Daily News
29:42 - BTC Software Release

#Bitcoin #BitcoinDailyNews #BitcoinDailyRecap

[zachcain]

The 'CTRL Key' score. lol Definitely one of the best scores. 🤣

[Salty_Crayon]

Hard not to appreciate the LN. Great video!

[ZLogick]

It's a control key... because if you don't control your key...

[davidreed]

1, 449, 830 minutes = 1006 days = 2 years, and 9.2 months till the next halving

[mooredann]

We need a documentation twitter page for all the rug pulls on Chairman Buterins chain

[lefrenchycg]

Governments: climate change is a problem !
People: lets stop the mining farms !
Intelligent plebs: why we still driving with fossel fuels

[jjmaree]

Why do you have safemoon eyes in your thumbnail bro? You Hodling?

[thepmanvan]

Hey Nico are you a proctologist on the side?

[Reelrichard]

Pleb bet definitely a big influx but there are a couple ring of fire implementatiosn

[prehistory]

so down the road someday when bitcoin sits at 10 mil ... you guys gonna do the show in tuxedos with top hats and monocles?