How Fedimint Scales Bitcoin with Obi Nwosu

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2 years ago
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SHOW NOTES:
https://www.whatbitcoindid.com/podcast/how-fedimint-scales-bitcoin

Obi Nwosu is a co-founder of Fedimint and a board member of Jack Dorsey’s and Jay-Z’s ₿trust. In this interview, we discuss the mission of Fedimint: empowering communities around the world by allowing them to take control of their money. We also talk about the importance of trust models in relation to storing Bitcoin in Fedimint.

THIS EPISODE’S SPONSORS:
Iris Energy - https://irisenergy.co/
Wasabi - https://www.wasabiwallet.io/
Ledn - https://www.ledn.io/
Ledger - https://www.ledger.com/
Unchained - https://unchained.com/

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TIMESTAMPS:
00:00:00 Introduction
00:04:57 What is Fedimint
00:10:54 Example use case - West African farming cooperative
00:18:33 Volatility risk: stablecoins and stability pools
00:25:24 Live Demo - Lightning transaction via Fedimint
00:37:51 Comparison to Liquid; benefits for Lightning Network
00:48:58 The trust dynamic of Fedimint
00:59:30 Live Demo 2 - setting up a Federation; private key backup
01:19:48 Fedimint chat function; making offline payments
01:30:31 Fedimint actions to aid Bitcoin adoption

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#Bitcoin #Finance #Economics

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