How do we interact with Bitcoin in a multi layer world? What cost savings and trade offs are necessary here? What even counts as a layer? Kilian from boltz.exchange joins me to talk about swapping across Bitcoin on-chain, Lightning and Liquid. We discuss:

How swapping works
What makes it atomic and non-custodial
What counts as layer 2
Fee savings and trade offs

Links:

X: @kilrau
Site: boltz.exchange
X: @boltzhq
Taproot feature blog post: Introducing Taproot Swaps: Putting the "Fun" Back into Refunds!

Sponsors:

Stephan Livera links:

Follow me on X: @stephanlivera
Subscribe to the podcast
Subscribe to Substack

Chapters/Timestamps:

00:00 - Introduction and Background
03:07 - Bolts.exchange: Moving Between Bitcoin Layers
05:35 - Use Cases for Lightning Service Providers
09:45 - Enhancing Wallet Functionality
13:20 - Non-Custodial Atomic Swaps
21:43 - Coinkite.com
23:07 - NomadCapitalist.com
24:25 - Fees and Fee Savings
29:35 - Trust Model of Liquid
32:40 - Regulatory Risks for Liquid
37:10 - Transaction Limits on Liquid
38:58 - Mempool.space
39:59 - Swan.com
41:02 - Scalability of Liquid
44:15 - Integration of Liquid with Other Services and Wallets
51:22 - Pragmatism in Bitcoin Adoption
55:45 - Operating in a High-Fee Environment
57:45 - Closing Thoughts

Swapping across Bitcoin, Lightning and Liquid with Kilian from Boltz.exchange SLP557

Stephan Livera Podcast