S8 E3: Erik Voorhees on KeepKey, Open Source & Self Custody

Published: March 16, 2021, 10:02 p.m.

In this episode, ShapeShift CEO Erik Voorhees talks about the KeepKey hardware wallet, the power of open source software, and the importance of self-custody. As a Bitcoin veteran, Voorhees also reminiscences about the most popular wallets from the 2010s. This episode is sponsored by Vaultoro and Wasabi Wallet. \u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013\u2013 Time stamps: 00:00 \u2013 03:05 \u2013 Introduction 03:06 \u2013 When did Erik Voorhees use the first hardware wallet? 06:49 \u2013 KeepKey\u2019s design 07:38 \u2013 What were the most popular wallets that OGs were using in the early 2010s? 10:28 \u2013 Start9 Labs 13:53 \u2013 Mt. Gox, exchange hacks, and the importance of self-custody 17:05 \u2013 Do exchanges really insure your bitcoins? 23:18 \u2013 Michael Saylor, Elon Musk, Stock to Flow & Lending Services Like BlockFi & Celsius 28:07 \u2013 The financialization of Bitcoin (ETFs, derivatives, synthetic 32:29 \u2013 Why verification matters 35:20 \u2013 Mt. Gox YubiKeys influenced the creation of hardware wallets? 36:07 \u2013 Using your hardware wallet for U2F/2FA 36:30 \u2013 Resetting a KeepKey 37:30 \u2013 Dealing with fake KeepKey apps 41:55 \u2013 Why Shapeshift acquired the KeepKey 43:07 \u2013 What does Erik Voorhees think about the Trezor One and the Trezor Model T? 45:06 \u2013 What hardware wallets should do 46:20 \u2013 Ledger and why open source matters 47:20 \u2013 Is open source socialist? 49:12 \u2013 Did Erik Voorhees try the Coldcard, BitBox02 or Jade? 49:30 \u2013 Ballet Real vs Pro 50:40 \u2013 Mike Caldwell\u2019s extra security steps with the Casascius coins 52:38 \u2013 Multisig setups 54:30 \u2013 Shamir Secret Sharing 56:40 \u2013 Why open source helps software outlive the company that created it 57:30 \u2013 What kind of Bitcoin custody advice would Erik Voorhees give his younger self? 1:00:25 \u2013 Why should anyone buy a KeepKey hardware wallet instead of something else? 1:01:30 \u2013 Does KeepKey work with Electrum and Wasabi?