Bitcoin Mining Layer

I think it's much more likely to happen at the level of custodians that are actually holding somebody else's Bitcoin. So they can just hold that money hostage as I like to call it reverse ransomware. People have been encouraged to move their coins off the exchange, yes. But at that point, they're already too late, right? It's still there. Now a lot of people might be in a rush to get their money off exchanges. And that is a good opportunity for those exchanges to ask some extra questions. Yes. Hey, hold up before we look for the Bitcoin that you're asking for. We're going to need you to upload a selfie with your passport, please.

Transcript

Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app