We Study Billionaires - The Investor’s Podcast Network

BTC197: What are Bitcoin Fedimints w/ Obi Nwosu and Renata Rodrigues (Bitcoin Podcast)

Aug 28, 2024

Guest

Renata Rodrigues

Guest

Obi Nwosu

In this engaging discussion, Obi Nwosu, CEO of FETI, and Renata Rodrigues, Head of Community at FETI, dive into the transformative power of the Fedi app for Bitcoin payments in Africa. They unpack the concept of Fediments and the role of guardians in protecting user privacy. Renata shares her firsthand insights into Bitcoin adoption in Africa, while Obi highlights how Fedi can help unlock talent stifled by financial repression. The pair also discuss Fedi’s collaboration with Save the Children and the app's tools that enable users to earn Bitcoin effortlessly.

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

FediMint and Fedi App

FediMint is a community custody protocol built on Bitcoin, enabling communities to manage shared funds.
Fedi app integrates Bitcoin technologies, including FediMint, Lightning, and Nostr, into a single platform.

ANECDOTE

Explaining Fedi's Novel Concept

Renata Rodrigues compares explaining Fedi to explaining Uber or Airbnb years ago.
Newcomers, especially non-Bitcoiners, grasp Fedi's concept quickly, highlighting its user-friendly design.

INSIGHT

Community-Based Custody

Fedi facilitates community-based custody and specialization, filling the gap between centralized services and individual self-reliance.
This empowers communities to manage funds, promoting control and collaboration.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

In this episode, we dive into the challenges of Bitcoin payments and scaling, and how Fedi is addressing these issues. Obi Nwosu explains the concept of Fediments and guardians, while Renata Rodrigues shares her on-the-ground experiences in Africa, discussing the real-world impact of Fedi on communities. We also explore the tools within the Fedi app that empower users to earn sats and the potential of Fedi to unlock talent trapped by financial repression. Additionally, Obi and Renata discuss Fedi’s move towards open-source, social backup mechanisms, and their partnership with Save the Children.

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

03:54 - The major problem that Fediments solve for Bitcoin payments and scaling.

04:31 - How guardians function within the Fedi ecosystem and the role they play in protecting user privacy.

05:43 - The concept of the Fedi Order and how it supports the Fedi ecosystem.

15:33 - Insights from Renata Rodrigues on the conversations happening in Africa around Bitcoin adoption.

18:43 - Obi Nwosu's perspective on how financial repression is trapping talent globally and how Fedi can help unlock it.

28:30 - How vendors are responding to incorporating Fedi into their stores.

30:01 - The tools inside the Fedi app, known as Fedi Mods, that enable people to earn sats.

32:17 - The importance of social backup and stable channels within the Fedi ecosystem.

43:35 - Fedi’s partnership with Save the Children and how it is making a difference.

46:52 - How to start your own Fedimint and the timeline for getting set up.

51:00 - Fedi's transition towards becoming open source and what it means for the future.

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Watch the Fedi Live Event at Fedi.xyz.
You can follow Fedi on X and Nostr and join the Fedi Telegram community here.
Download the Fedi App.
Connect with Developers on Fedimint and Discord here.
Check out all the books mentioned and discussed in our podcast episodes here.
Enjoy ad-free episodes when you subscribe to our Premium Feed.

NEW TO THE SHOW?

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our We Study Billionaires Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.

SPONSORS

Support our free podcast by supporting our sponsors:

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm