What Bitcoin Did cover image

What Bitcoin Did

SELF CUSTODY, SECURITY, & THE QUANTUM THREAT TO BITCOIN w/ Alex Leishman

Jan 28, 2025
Alex Leishman, CEO & CTO of River, dives deep into the world of Bitcoin security. He compares self-custody and custodial solutions, emphasizing the importance of user-friendly options for newcomers. The conversation reveals the complexities of ensuring secure Bitcoin management and touches on the quantum threat looming over Bitcoin's future. Leishman also discusses innovative security measures and the balance between decentralization and scalability in this evolving landscape, highlighting the need for proactive engagement in the community.
49:59

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Self-custody of Bitcoin enhances user independence and accountability, but it requires significant technical knowledge and understanding of security risks.
  • Planning for the inheritance of Bitcoin assets is crucial, as neglecting it can create significant challenges for heirs during difficult times.

Deep dives

The Case for Self-Custody

Self-custodying Bitcoin significantly reduces third-party risks, allowing individuals to manage their own digital assets without relying on custodians. This independence fosters a critical mass of users who can hold exchanges accountable, creating a system that discourages malpractices like dishonest transactions. However, managing self-custody requires a substantial understanding of technical processes, which many users might lack. Consequently, while it's essential for users to have the option and capability to self-custody, not everyone is prepared for the responsibility that comes with it.

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