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Why aren't people doing self custody? with NVK | SLP694

Why aren't people doing self custody? with NVK | SLP694

Stephan Livera Podcast vor 10 Monaten

0:00

56:38

In this episode, NVK, CEO of CoinKite, discusses the advancements
in Bitcoin self-custody solutions, particularly focusing on the
Coldcard wallet and its new spending policies. The conversation
explores the challenges businesses face in self-custody, the
complexities of accounting for Bitcoin transactions, and the
growing trend of Bitcoin treasuries among corporations. NVK
emphasizes the importance of self-custody, the future of Bitcoin
custody solutions, and the evolving landscape of Bitcoin adoption
in the financial markets. The discussion also touches on the
ongoing debates within the Bitcoin community regarding the
Bitcoin Core development and the implications of debt in treasury
companies.

Takeaways:

Spending policies enhance operational security for Bitcoin
transactions.

Self-custody is crucial for businesses to manage Bitcoin
effectively.

Accounting complexities hinder Bitcoin adoption for companies.

Bitcoin treasuries are becoming a popular choice for corporate
investments.

The market for Bitcoin collateralized loans is expected to grow.

There is a need for more diverse Bitcoin custody solutions.

The Bitcoin community is divided on the future of Bitcoin Core.

Debt can be a useful tool for Bitcoin treasury companies.

The demand for Bitcoin will continue to drive its value up.

The evolution of Bitcoin will impact societal structures and
power dynamics.

Timestamps:

(00:00) - Intro

(00:41) - What are Coldcard spending policies? How is it useful?

(05:19) - Why do companies not prefer self-custody?

(07:58) - Operational difficulties in accounting & taxation
of Bitcoin

(10:29) - Why do BTCTCs not prefer self-custody?; Role of
custodians in Bitcoin treasury management

(15:51) - How many BTCTCs will we have by EOY?

(17:11) - The Bitcoin Leaderboard ft. @BTCtreasuries

(20:46) - ‘Winner takes all’ scenarios for BTCTCs?

(22:55) - Sponsors

(24:39) - The future of financial engineering in Bitcoin

(28:11) - Any demand is good for Bitcoin

(29:56) - Is Bitcoin being co-opted?; Bitcoin’s power-shift -
Economic & Political influence

(35:40) - BTCTCs using ‘cheap fiat’ to stack Bitcoin

(39:50) - Mindset shifts among Bitcoin OGs; Does everybody care
about Bitcoin price?

(44:33) - NVK’s thoughts on Core

(46:48) - NVK’s thoughts on Knots

(51:09) - Should there be multiple Bitcoin implementations?

(54:50) - Closing thoughts

Links:

https://x.com/nvk

Sponsor:

CoinKite.com (code LIVERA)

Stephan Livera links:

Follow me on X: @stephanlivera

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