This podcast episode delves into the journey of Romain Rouphael from a Bitcoin novice to the co-founder of LN Markets, a derivatives exchange built on the Lightning Network. Along the way, Romain and other speakers discuss the practical applications of derivatives, including risk management for energy costs and hedging against transaction fee fluctuations. They also introduce Discrete Log Contracts (DLCs), a novel approach to trustless trading on Bitcoin, and explore the potential of DLCs to revolutionize the derivatives market.