73: Jesse Shrader ON: Why AI Will Never Use Banks, ONLY Bitcoin

Jesse Shrader is the CEO and Co-founder of Amboss Technologies, which provides an intelligence layer for decentralized Bitcoin payments using the Lightning Network.

In this episode, you're going to learn how the Lightning Network solves inefficiencies in traditional payment systems and why AI systems will rely on Bitcoin for fast and low-cost transactions. You’ll also learn how machine learning helps route Bitcoin payments efficiently, why AI-powered microtransactions are a perfect fit for the Lightning Network, and how Bitcoin can create safer financial operations for institutions in a rapidly changing regulatory landscape.

Jesse Shrader has a background in environmental engineering and brings a unique perspective to the scalability and efficiency of Bitcoin payments. His work focuses on revolutionizing financial systems through the Lightning Network, making global transactions faster, more secure, and cost-effective. Jesse is dedicated to shaping the future of AI-driven economies powered by Bitcoin, providing innovative financial solutions for a decentralized world.

Timestamps:

[00:00] Introduction

[03:15] How the Lightning Network scales Bitcoin payments

[04:10] Jesse’s background in environmental engineering

[05:30] Why Bitcoin is a debt-free payment system

[06:45] Liquidity challenges in the Lightning Network

[08:00] Using graph theory for payment routing

[11:00] Benefits of Bitcoin for microtransactions

[12:30] AI systems using Bitcoin for fast payments

[14:00] Machine-to-machine payments with the Lightning Network

[15:45] Real-world Bitcoin payments in El Salvador

[17:00] AI limitations due to energy and compute costs

[20:15] Instant settlement solves AI payment challenges

[21:50] AI agents paying for data and services

[23:30] Story of using AI for medical report analysis

[25:10] AI’s potential to replace traditional web interactions

[28:00] Why the Lightning Network is overlooked in crypto

[29:30] Privacy advantages of lightning payments

[30:45] Challenges with current payment systems

[34:10] The Lightning Network and its regulatory challenges

[37:30] Future of Bitcoin regulation in the U.S.

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Resources Mentioned:

Damus | Website

Amboss Technologies | Website

Amboss Space | Website

Lightning Network | Website

BancoLibre | Website

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