Leister

What they were trying to do with this project is three things at once.

We want the ability to, let's say, increase the security and reliability of payments and things using Bitcoin's initial framework, which is UTXO based.

Check the other episode to break that down.

But we want what Bitcoin offers there.

But it needs to be faster.

It can't be as slow as Bitcoin.

Remember that Bitcoin's core network is nowhere near as fast as any of the other chains that are out there.

That's why the Lightning Network became a thing.

The Lightning Network was never widespread adopted.

Even now, I believe the Trust Wallet still doesn't.

because it was, it was like experimental and they never really officially said it was going to be a thing.

So Bitcoin speed has always been the thing holding it back.

There was a video and I believe it even was Donald Trump where he went to some store and he was going to buy a burger and he was going to buy some with Bitcoin and it took forever for the darn thing to try.

You know, it was embarrassing.

So there was always this messaging around while Bitcoin is good as a payment mechanism, but it's just too darn slow now.

Okay, well, there's that.

There's also the desire to do NFTs.

Obviously, there is some of that on Bitcoin, which I disagreed with.

But desire to do NFTs, desire to start smart contracts.

They wanted to do all of these different things in one.