"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)
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“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/message"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a...
"So they fire out digital chaff frantically in every direction, they play whack-a-mole with high-engagement nodes that are or could be threats. The enemy...
"If you build a system meant by its very nature to dis-intermediate third parties and exist independent of governments and legal systems, you have...