ACQ2 by Acquired Crypto Self-Custody 101 (with Austin Federa)
Dec 3, 2022
Austin Federa, Head of Communications at the Solana Foundation and a seasoned crypto expert, delves into the essentials of self-custodying cryptocurrency. He highlights why it's the safest way to manage digital assets, especially amid market upheaval. The discussion includes the importance of controlling private keys, the risks of custodial platforms, and various wallet options. Austin also addresses the balance between security and user-friendliness in transactions, providing insights into advanced strategies for protecting assets in the evolving crypto landscape.
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FTX News Breaks at Solana Breakpoint
- Austin Federa, Head of Communications at Solana Foundation, recounts his experience at Solana Breakpoint in Lisbon.
- The FTX news broke as the conference ended, forcing him to delay his flight to manage the situation.
Self-Custody Is Rare
- True self-custody is rare in the modern world, extending to digital and physical assets.
- Even items like books or music are often governed by licensing agreements, limiting true ownership.
Dollars Aren't Self-Custodied
- Historically, even with the gold standard, money was a proxy for federally custodied gold.
- The government's ability to control currency demonstrates that even physical dollars aren't truly self-custodied.