Obi Nwosu (Fedi) on Second-Party Custody with Fedimint (EP.344)
On The Brink with Castle Island
How to Safely Deal With the 24 Word Back Up
First party custody is the gold standard, or the bitcoin standard. The hard bit of a first party custody is how to safely deal with the 24 word back up. You should not be storingt in a bank volt because that's a regulated third party. If you want pure first party, you wouldn't store it with a second party either. So no storing with your wife or children, or friends and so on,. unless they're not aware that you're storing with them - then that's just you finding a hiding place.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
