BTC220: US dollars on Bitcoin Lightning w/ Luke Gromen (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 5 February 2025

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin’s Lightning Network is evolving into a global payments system, with over 21,000 active nodes enabling fast, low-cost transactions. Tether’s integration of USDT via the Taproot Asset Protocol could disrupt traditional finance, lowering transaction costs and increasing efficiency. This shift challenges banks and payment networks like Visa and Mastercard, pushing the financial system toward Bitcoin-backed tokenization. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:04 - How the Lightning Network enhances Bitcoin’s role beyond a store of value. 18:35 - How U.S. Treasuries and Bitcoin-backed tokenization are reshaping finance. 19:38 - Why Tether’s adoption of the Taproot Asset Protocol is a game-changer for stablecoins. 20:15 - The decentralization advantages of Lightning vs. other blockchain networks. 23:10 - How Tether’s U.S. Treasury holdings impact the financial system. 24:53 - The potential disruption of traditional banking and payment networks. 31:42 - The long-term implications of Lightning’s growing adoption in payments. 35:14 -Why banks may need to integrate Bitcoin-backed assets to stay competitive. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Luke’s X Account. Luke’s FFTT Newsletter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Get smarter about valuing businesses in just a few minutes each week through our newsletter, The Intrinsic Value Newsletter. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: SimpleMining Netsuite Unchained Hardblock Found Fintool The Bitcoin Way Vanta Onramp TurboTax PrizePicks Vanta Fundrise HELP US OUT! Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.7	Hey, everyone.
0:03.7	Welcome to this Wednesday's release of the Bitcoin Fundamentals podcast.
0:07.0	So this is a very non-standard show.
0:09.3	On Thursday of last week, the 30th of January, 2025, Tether, the company that issues the
0:15.0	U.S.D.T. stable coin made a big announcement down in Al-Savador that they were going to be
0:20.0	issuing their stable
0:21.1	coin over the Bitcoin Lightning Network via the Taproot Asset Protocol.
0:25.4	After the announcement, I got a text message from my good friend, Luke Groman, who's
0:29.2	a repeat guest on the show in which we typically talk about macro.
0:32.9	Well, the text messages started to get long back and forth between the two of us. And I just shot him a message. I said,
0:38.7	why don't we just do a Zoom call? And we can just talk about this in a lot more detail. So we started
0:43.7	having the Zoom call and quickly it was just like, okay, I need to hit the record button because I
0:49.1	think that some of this conversation, this very candid conversation between Luke and I, could be maybe
0:53.6	useful for people that
0:54.8	are just really kind of wanting to understand what the announcement is all about, what it means,
0:59.1	for payments and settlement, and all sorts of things. And I have to warn you, I was not using
1:04.8	my podcast microphone. I just had some ear pods in whenever I was talking with Luke. So this is
1:09.8	completely unscripted. There were
1:12.0	no planned questions or anything. It's just a very candid back and forth. So I hope you guys
1:16.7	enjoy this. Celebrating 10 years. You are listening to Bitcoin Fundamentals by the Investors
1:26.3	Podcast Network.
	...

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