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On The Brink with Castle Island

Aug 29, 2022

Obi Nwosu, CEO and Founder of Fedi joins the show to cover a new model for shared Bitcoin custody in Fedimint. In this episode: 

  • Obi’s experience with Coinfloor and how that informed his views on custody
  • Why third party custody with Proof of Reserves isn’t sufficient
  • Why ‘credible centralized’ custody shouldn’t be the default
  • Why state level attacks on custodians are ramping up
  • Obi’s early prediction that Nigeria would be the heartland of Bitcoin adoption
  • Why messaging apps are actually the most popular p2p exchanges worldwide
  • The history and origins of Chaumian Mints
  • How the enabling pieces of Fedimint all came together over time
  • The relationship between federated custody and microfinance
  • How Fedimint is analogous to Free Banking
  • Does Fedimint satisfy Hal Finney’s vision for Bitcoin banks?
  • How Fedimint compares to first party custody
  • How Obi expects regulators to react to Fedimint

Learn more about Fedi and Fedimint.