On The Brink with Castle Island

Obi Nwosu (Fedi) on Second-Party Custody with Fedimint (EP.344)

Aug 29, 2022

01:01:24

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Highlights

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Episode notes

The Bitcoin Network as a Settlement Layer

02:25

Bitcoin

01:41

Is Your Business Bullet Proof?

02:46

Introduction

2min

Originally We Had First and Third Party. Now We Have Second Party. Cussidy.

2min

Coin Floor

5min

Is the State Level E Attack on Block Chains Getting More Serious?

3min

Is Nigeria the Number One Per Capita Bicon Place in the World?

2min

Is Your Business Bullet Proof?

3min

Coinfloor

4min

What's the Difference Between Uber and Ube?

3min

A B R David Chalms Cash System

4min

10.

The Idea of Multiple People Holding a Bit Coin

4min

11.

A New Paradime in Custody

3min

12.

Bitcoin

2min

13.

Is There a Better Way to Get People Off Exchanges?

4min

14.

The Bitcoin Network as a Settlement Layer

2min

15.

How to Safely Deal With the 24 Word Back Up

5min

16.

What Do You Expect From Regulators?

6min

17.

Defy Lightning Is a Decentralized Network of Shared Custodial Institutions

6min

Obi Nwosu, CEO and Founder of Fedi joins the show to cover a new model for shared Bitcoin custody in Fedimint. In this episode:

Obi’s experience with Coinfloor and how that informed his views on custody
Why third party custody with Proof of Reserves isn’t sufficient
Why ‘credible centralized’ custody shouldn’t be the default
Why state level attacks on custodians are ramping up
Obi’s early prediction that Nigeria would be the heartland of Bitcoin adoption
Why messaging apps are actually the most popular p2p exchanges worldwide
The history and origins of Chaumian Mints
How the enabling pieces of Fedimint all came together over time
The relationship between federated custody and microfinance
How Fedimint is analogous to Free Banking
Does Fedimint satisfy Hal Finney’s vision for Bitcoin banks?
How Fedimint compares to first party custody
How Obi expects regulators to react to Fedimint

Learn more about Fedi and Fedimint.

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