# Bitcoin Treasuries Aren’t Just Buying Bitcoin — They May Power the Next Payment Network

Page: https://stenobird.com/podcast/one-chair-podcast-7451310/bitcoin-treasuries-aren-t-just-buying-bitcoin-they-may-power-the-next-payment-network
Text version: https://stenobird.com/podcast/one-chair-podcast-7451310/bitcoin-treasuries-aren-t-just-buying-bitcoin-they-may-power-the-next-payment-network.md
Podcast: [One Chair Podcast](https://stenobird.com/podcast/one-chair-podcast-7451310)
Published: 2026-04-01T19:30:04+00:00
Episode link: https://podcasters.spotify.com/pod/show/one-chair/episodes/Bitcoin-Treasuries-Arent-Just-Buying-Bitcoin--They-May-Power-the-Next-Payment-Network-e3ha12i
Audio file: https://anchor.fm/s/104c39ac4/podcast/play/117817874/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-1%2F421224538-44100-2-08150933ab2a4.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/one-chair-podcast-7451310/episodes/bitcoin-treasuries-aren-t-just-buying-bitcoin-they-may-power-the-next-payment-network
Duration seconds: 2065

## Resource

What if your Bitcoin could generate yield without giving up custody? In this episode, we sit down with Dave Lund (CEO of Flowrate) to break down the Lightning Network, one of the most important innovations in Bitcoin today, and how Bitcoin treasury companies can use it to unlock new revenue streams. If you’ve ever wondered: - “What is the Lightning Network?” - “Can you earn yield on Bitcoin safely?” - “How will Bitcoin scale to billions of users?” This episode answers it all in simple terms. What You’ll Learn - How the Lightning Network actually works (no jargon) - Why Bitcoin can’t scale on-chain—and how Lightning fixes it - The concept of pre-funded payment channels explained - How companies are already earning native Bitcoin yield - Why Bitcoin treasury companies could become key infrastructure players - The future of tap-to-pay Bitcoin & instant global payments - Risks, centralization concerns, and the real opportunity ahead Follow our guest: - Dave Lund: https://x.com/davelund_ - Flowrate: https://www.flowrate.com/ 00:00 Introduction: Dave Lund (CEO Building on Lightning) 03:30 What Flowrate Does (Lightning Liquidity Explained Simply) 05:00 Why Bitcoin Treasury Companies Should Care About Lightning 07:18 What Is the Lightning Network? (Beginner-Friendly Breakdown) 11:46 Lightning vs Bitcoin: Pre-Funded Channels Explained 15:00 How Treasury Companies Can Earn Yield with Lightning 18:55 The BIG Opportunity: Lightning Growth & Network Effects 24:51 Lightning vs Miners: Does It Hurt Bitcoin Fees? 27:19 Who Controls Lightning? (Exchanges vs Treasury Companies) 33:29 Final Insight: Why Lightning Is a “Massive Unlock” for Bitcoin Big thanks to Little Bubble for allowing us to use his song: "One Chair": https://open.spotify.com/track/0XW7JgR2Nlg7WXGOeVT6…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/one-chair-podcast-7451310/episodes/bitcoin-treasuries-aren-t-just-buying-bitcoin-they-may-power-the-next-payment-network/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/one-chair-podcast-7451310/bitcoin-treasuries-aren-t-just-buying-bitcoin-they-may-power-the-next-payment-network.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.