"Clients applying this reasoning should remember that, in bitcoin, no one is too big to fail. There is no government or money printer capable of restoring lost coins, so there are no bailouts. Trusting a single company, no matter their qualifications, to protect your bitcoin creates significant counterparty risk."
~ Dhruv Bansal
We come at you with another read today, this one on the maturation and new developments in the collaborative custody industry. Today we are used to thinking of Bitcoin security as either left with a custodian, or kept in personal cold storage, while I think the future will look back on this as the immature beginnings of one of the most vibrant markets in bitcoin finance. Most of the world will exist in the middle, with shared and distributed custody providers, eliminating single points of failure in markets across the globe... and it all begins, with a network of keys...
Check out the original article at Bitcoin needs a network of keys. (Link: https://tinyurl.com/yahv5k3r)
Guest Links
Host Links
Check out our awesome sponsors!
“Physics is like sex: sure, it may give some practical results, but that’s not why we do it.”
~ Richard P. Feynman
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/messagePart 2! of our journey through Nick Szabo's incredible work, Shelling Out: The Origins of Money. A critical piece to understanding money, its rich...
I joined John today for an over 2 hour rip on the nature of Bitcoin, numerous technical developments, the trade offs of those in...
"Last night, lightning struck our house and burned it down. I escaped wearing only my nightclothes. In an instant, everything was vaporised. Laptop? Cinders....