"So why won't there be bitcoin banks that do this (custody) for you? I think there will be, but there's always going to be one problem with this, which is that bitcoin transactions are irreversible. And so it's an inherent core change in the security model of bitcoin compared to the legacy banking system. And because of that, there's always going to be some level of additional risk with holding your bitcoin in a bitcoin bank."

- Nick Neuman, CEO of Casa

Andy Flattery & Nick Neuman discuss:

- The basics of BTC self-custody
- Nick's Kansas City roots
- The "grand plan" career path isn't the way to become CEO of a BTC company
- "Bitcoin banking" is fundamentally difficult
- Voldemort's Horcruxes and Multi-Signature Self Custody

Show Notes: https://simplewealthkc.com/getting-your-bitcoin-off-of-coinbase--nick-neuman-podcast/

Interlude & Outro: https://www.youtube.com/watch?v=5W9TJ2JUW9c

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Andy Flattery is the Owner of Simple Wealth Planning, a Registered Investment Advisor. All opinions expressed by Andy and guests are solely their own opinions and do not reflect the opinions of Simple Wealth Planning. This podcast is for informational and entertainment purposes only and should not be relied upon as investment, tax, or legal advice. Clients of Simple Wealth Planning may maintain positions in bitcoin and the securities discussed in this podcast.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.gentlemanspeculator.com

Getting Your Bitcoin Off of Coinbase | Nick Neuman