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
