Richard Myers Discusses Lot49: Lightning Network on Meshnets - LNJ048

Lightning Junkies

Transcript: https://sicksub.network/LNJ048Transcript In this episode we have Richard Myers talking about his work on the Lot49 protocol. This protocol is basically a stripped down version of the Lightning Network made for low bandwidth mesh networks. Previously Richard was working at GoTenna, where he launched Global Mesh Labs to do this open source work on Lot49. Richard no longer works at GoTenna. We talk about: 1:12 - Background of the Episode 3:08 - Getting into Bitcoin/GoTenna 7:46 - What is the GoTenna? 10:50 - Lightning Network as an Analogy for Meshnets 12:08 - Global Mesh Labs 14:30 - Incentive System for Meshnets 20:15 - What is Lot49? 22:21 - Is Lot49 ready? 26:00 - Does Lot49 scale? 29:35 - Mesh Network Routing Nodes? 31:52 - Future of Lot49/Meshnets 34:11 - Would Eltoo make Lot49 better or more usable? 37:10 - Multiparty channels aka Channel Factories 42:22 - Mesh networks/Lot49 as a Hard Sell 45:21 - Meshnets for Adversarial Environments 48:48 - How can people contribute to Lot49? 54:54 - Transaction Types for Eltoo 1:00:10 - Future of Meshnets 1:01:50 - Disintermediate the State? Decentralize all the things? 1:02:34 - Future of Bitcoin Lightning Network Richard Myers’ Twitter: https://twitter.com/remyers_ Richard Myers’ Website: http://yakshaver.org/ Global Mesh Labs’ Website: https://globalmeshlabs.org/ Post about Eltoo: http://yakshaver.org/2021/07/26/first.html GoTenna’s Twitter: https://twitter.com/goTenna GoTenna’s Website: https://gotenna.com/ Support us here: https://lightningjunkies.net/support Lightning Junkies Merch: https://store.lightningjunkies.net Follow the Lightning Junkies blog: https://lightningjunkies.net Follow Lightning Junkies on Twitter: https://sicksub.network/LNJunkies Follow Chaz on Twitter: https://sicksub.network/TheChaz Follow Lightning Cat on Twitter: https://sicksub.network/LNJCat For a Full list of Rabbit Holes, please visit our blog at https://sicksub.network/LNJ048