Socratic Seminar #10
Bitcoin Layer 2 & Mining Economics · 28 March 2026
Location
Silicon Delta Innovation Hub, Port Harcourt
Announcements
A special thank you to our sponsor iPayBTC for supporting this session. This session was hosted by Anthony Ushie.
Reminders
- We prefer no photos and no videos during the event
- Chatham House Rule
- Leave the meeting space as clean as you found it
- Suggest topics for the next Socratic Seminar! Check our About page for guidance
Discussion Topics
The 10th seminar explored the frontier of Bitcoin scalability, specifically looking at the Lightning Network and Stacks. The discussion centered on how Layer 2 solutions preserve Bitcoin's security while enabling high-frequency utility. A second segment focused on Proof-of-Work mining, featuring a documentary on Gridless mining in Kenya. The group discussed ASICs, hashrates, and the potential for Bitcoin mining to transform the renewable energy landscape in Nigeria.
- Lightning Network architecture — payment channels, routing, and capacity management
- Stacks as a Bitcoin Layer 2 — smart contracts anchored to Bitcoin's security
- How Layer 2 solutions preserve Bitcoin's base layer security model
- Proof-of-Work mining economics: ASICs, hashrates, and difficulty adjustments
- Documentary screening: Gridless mining operations in Kenya
- Bitcoin mining and the renewable energy opportunity in Nigeria