Bitcoin Core Developer and Crypto Entrepreneur Jonas Schnelli explains full nodes and hardware wallets.

http://media.blubrry.com/bitcoinruntogold/p/http://www.satoshisdeposition1.com/podcast/BTCK-256-2019-03-26.mp3

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Bitcoin Developer and Crypto Entrepreneur Jonas Schnelli explains why full nodes are essential, explains what a BitBox is, and gives his advice for listeners.

About the episode.

Resources

• Jonas Schnelli
• Bitbox
• Bitcoin Core Github
• Pruning
• Full Node
• SPV or Simplified Payment Verification
• Hardware wallets
• Lightning Network

Show Notes

• 00:00:00 - Welcome & Intro.
• 00:01:14 - Why Schnelli became interested in bitcoin and what his contributions to the project have been.
• 00:02:56 – Schnelli explains what pruning is and what SPV means.
• 00:04:46 – What is the difference between a full node and an SPV node?
• 00:05:31 – Schnelli explains what the mempool is and how it works.
• 00:06:31 – Why is it so important to run a full node?
• 00:08:37 – Schnelli tells us about BitBox.
• 00:09:46 – What are the problems that can pop up with customized hardware?
• 00:12:36 – The reason why bitcoin is so strong.
• 00:13:46 – Schnelli tells what he sees as the most exciting thing happening it bitcoin.
• 00:14:41 – Schnelli explains what else could be possible to build on top of bitcoin and lightning network.
• 00:15:33 – Sc...