In this conversation, Jungly discusses his work on P2Pool V2, a decentralized mining pool aimed at improving upon the limitations of the original P2Pool. He emphasizes the importance of decentralization in Bitcoin mining and explains the technical innovations that P2Pool V2 introduces, such as sharechains and atomic swaps for non-custodial payouts. Jungly also highlights the need for community involvement and developer engagement to ensure the project's success, and he shares his vision for a more accessible and efficient mining ecosystem.

Takeaways:

🔸Decentralization of mining is crucial for Bitcoin's future.

🔸P2Pool V2 aims to improve upon the original P2Pool's limitations.

🔸The sharechain concept allows for better scalability and efficiency.

🔸Atomic swaps enable non-custodial payouts for miners.

🔸Community involvement is essential for the success of P2Pool V2.

🔸Technical innovations like uncle blocks enhance the mining process.

🔸The goal is to create a decentralized mining pool that is accessible to all.

🔸Testing and developer engagement are key to building trust in the software.

🔸P2Pool V2 can support a large number of miners without centralization.

🔸The project is actively seeking developers and testers to contribute.

Timestamps:

(00:00) - Intro; Why is P2Pool V2 important?

(02:31) - The evolution of P2Pool

(04:40) - What is the custodial payout model?

(06:17) - Limitations with P2Pool

(12:51) - Comparing P2Pool V2 with Stratum SV2 & DATUM

(16:19) - What is required to run P2Pool V2?

(18:15) - What is a sharechain?; What is an uncle block?

(22:04) - Sponsors

(23:14) - Payout mechanisms in P2Pool V2

(27:50) - How can a decentralized mining pool scale?

(32:09) - Can there be multiple instances of P2Pool V2?

(35:50) - How does atomic swap work for payouts?

(43:08) - Current progress of P2Pool V2

(50:25) - Closing thoughts

Links:

• https://x.com/jungly

• https://github.com/pool2win/p2pool-v2

• https://x.com/jungly/status/1959882520855535827

Sponsor:

• CoinKite.com (code LIVERA)

Stephan Livera links:

• Follow me on X: @stephanlivera

• Subscribe to the podcast

• Subscribe to Substack

In this conversation, Shone Anstey, CEO of LQWD, discusses the evolution of his company from a Lightning Network service provider to a Bitcoin treasury company. He shares insights on the current state of the Bitcoin market, the importance of the Lightning Network, and the strategies LQWD employs to accumulate Bitcoin and generate yield. The discussion also touches on the unique aspects of the Canadian market, the significance of mNAV and Sats per share, and the potential future of Bitcoin and Lightning in the global economy.

Takeaways:

🔸Bitcoin is a trust protocol first and foremost.

🔸LQWD started as a Lightning Network service provider and evolved into a treasury company.

🔸The Lightning Network is crucial for fast and secure Bitcoin transactions.

🔸Accumulating Bitcoin is a key strategy for LQWD’s business model.

🔸The Canadian market offers unique opportunities for junior companies.

🔸Understanding mNAV and Sats per share is essential for assessing treasury companies.

🔸The Lightning Network is becoming the payment layer of the internet.

🔸Yield generation through Lightning Network is sustainable even in bear markets.

🔸Bitcoin has the potential to fix global economic issues.

🔸Transparency and operational efficiency are vital for public companies in the crypto space.

Timestamps:

(00:00) - Intro

(01:01) - What was different about @BitcoinConfAsia?

(02:29) - What is LQWD?; Evolution of LQWD

(07:07) - Transition from a Lightning Network service provider to a BTCTC

(10:44) - Is the BTC on Lightning Network or cold storage?

(12:42) - What is LQWD’s BTC accumulation strategy?

(18:44) - Is the Canadian market BTCTC-friendly?

(21:05) - The importance of Sats per Share; LQWD’s BTC Yield

(23:39) - Lightning Network 101; AI will use Bitcoin

(29:23) - What is Lightning Network Yield?; Competitive edge in Lightning routing

(33:31) - Has Lightning Network failed? - Flow vs. Stock

(38:19) - Sponsors

(41:48) - Is the growth of LQWD sustainable?

(44:10) - The future of Layer 2 solutions

(46:55) - Bitcoin’s role in global economic stability

(52:54) - Why are some companies not rewarded with an mNAV premium?

(57:00) - Closing thoughts

Includes Paid Partnerships

Links:

• https://x.com/shoneanstey

• https://x.com/LQWDTech

• https://lqwdtech.com/

Sponsor:

• CoinKite.com (code LIVERA)

Stephan Livera links:

• Follow me on X: @stephanlivera

• Subscribe to the podcast

• Subscribe to Substack