TFTC: A Bitcoin Podcast

#675: Why Multi-Sig Bitcoin Beats All Other Assets with Peter Dunworth

41 snips
Oct 25, 2025
Peter Dunworth, a Bitcoin adviser focused on wealth protection, discusses Australia's capital gains tax threat and its implications for savings. He highlights Bitcoin's advantages, including mobility and generational wealth opportunities. The conversation dives into multi-sig custody's legal protections and how Bitcoin can act as superior collateral for credit systems. Dunworth critiques DeFi, advocates for prudent banking backed by Bitcoin, and suggests beginning with small, consistent savings to foster adoption.
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ANECDOTE

Australia's Pension Tax Wake-Up Call

  • Peter describes Australia's proposed unrealized capital gains tax that threatened pension balances and woke citizens up to captive capital.
  • He frames the policy as a massive policy own-goal that undid decades of saving incentives.
INSIGHT

Bitcoin's Jurisdictional Immunity

  • Bitcoin is uniquely jurisdiction-agnostic and can be held across multiple countries via multi-signature setups for mobility and wealth protection.
  • This property makes Bitcoin superior to property or stocks for estate planning and escape scenarios.
ADVICE

Use Multi-Sig And Time Locks

  • Use multi-signature and time-locks to protect Bitcoin from legal seizure and to enforce inheritance or access rules over time.
  • Combine onshore/offshore structures when needed and prioritize holding UTXOs you control.
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