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Bitcoin Custody & Proof of Reserves with Alexander Leishman SLP604

Bitcoin Custody & Proof of Reserves with Alexander Leishman SLP604

Stephan Livera Podcast vor 1 Jahr

0:00

57:10

With growing institutional adoption of Bitcoin through
custodians, investors will demand transparency through ‘Proof of
Reserves’. Alexander Leishman, CEO & CTO, River joins me to
discuss more of the institutional adoption of Bitcoin, Coinbase’s
hesitation towards Proof of Reserves, US Govt. debt and more.

Summary

In this episode of the Stephan Livera podcast, host Stephan
speaks with Alex Leishman, CEO and CTO of River, about various
topics surrounding Bitcoin, including the current state of
exchanges like Coinbase, the importance of proof of reserves, and
the growing adoption of Bitcoin among businesses. They discuss
the implications of stablecoins, the comparison between Bitcoin
and gold, and the future of Bitcoin technology. Alex emphasizes
the need for transparency in the industry and the importance of
maintaining a solid foundation for Bitcoin's development.

Takeaways

Coinbase likely has the coins they claim, but proof is
needed.

Proof of reserves should include liabilities for full
transparency.

Bitcoin adoption is growing among businesses of all sizes.

Stablecoins serve as a necessary tool for many users.

The future of Bitcoin as a store of value is promising.

Gold's historical significance may not hold against Bitcoin's
advantages.

Self-custody remains a challenge for many Bitcoin users.

Bitcoin technology is evolving, focusing on reliability and
security.

The political landscape may influence Bitcoin's regulatory
environment.

Community education is crucial for fostering trust in
custodians.

Timestamps:

(00:00) - Intro

(00:34) - Does Coinbase hold all the Bitcoin they claim to?

(02:33) - What happens when liabilities are more than assets?

(06:44) - @River ‘s Proof of Reserves - Explained

(10:32) - How does Proof of Reserves mitigate the risk of ‘Paper
Bitcoin’?

(12:07) - Sponsors

(14:22) - Why Proof of Reserves could be difficult to implement
for Coinbase?

(17:56) - Why Business Bitcoin adoption grew by 30% in 1 year

(21:30) - The increasing US Govt. debt & the role of Bitcoin

(23:08) - Gold vs Bitcoin

(26:32) - Risks of centralization of Bitcoin custody through ETFs

(30:45) - Sponsor

(34:15) - Bitcoin’s role in commerce - Store of Value of Medium
of Exchange?

(38:00) - Does Bitcoin need an upgrade?

(41:24) - Are stablecoins a hindrance to Bitcoin adoption?

(47:20) - US Presidential election affecting Bitcoin

(52:56) - Way forward with Bitcoin Development

(56:45) - Closing thoughts

Links:

https://x.com/Leishman

https://x.com/River/status/1831374555530830304

https://x.com/Leishman/status/1836406012405772568

Sponsors:

Bold Bitcoin

CoinKite.com (code LIVERA)

mempool.space/accelerator

Stephan Livera links:

Follow me on X: @stephanlivera

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