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

Published: Aug. 29, 2022, 10 a.m.

Obi Nwosu, CEO and Founder of Fedi joins the show to cover a new model for shared Bitcoin custody in Fedimint. In this episode:\xa0

  • Obi\u2019s experience with Coinfloor and how that informed his views on custody
  • Why third party custody with Proof of Reserves isn\u2019t sufficient
  • Why \u2018credible centralized\u2019 custody shouldn\u2019t be the default
  • Why state level attacks on custodians are ramping up
  • Obi\u2019s 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\u2019s 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.