4min chapter

The "What is Money?" Show cover image

Bitcoin and Near-Perfect-Privacy with Obi Nwosu (WiM241)

The "What is Money?" Show

CHAPTER

Privacy Is Important When We Reach Global Scale

FETI is the completion of the Bitcoin open source tech stack, according to Vitalik Buterin. It's a system for money transmission that lies on communities like Hwala and other systems. The community as a whole underwrites the loan on behalf of the individual. And because it's underwritten by this pool of money, the individuals able to get a much more affordable set of terms for their loan from an external party.

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