Zach Herbert is Co-founder and CEO of Foundation Devices, a company building Bitcoin-centric and open-source tools that empower you to reclaim your digital sovereignty. We discuss the significance of Bitcoin and the crucial role of self-custody, the concepts of sovereignty and freedom, how Bitcoin is infiltrating Wall Street, why Bitcoin particularly strikes a chord with millennials, given our technological upbringing and disillusionment with the traditional financial systems, and share the enjoyment of observing Bitcoin's unfolding journey.
→ Follow Zach on https://x.com/zachherbert
→ Foundation website: https://foundationdevices.com
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→ YouTube: https://youtube.com/@bramk
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Timestamps
00:00 - Introduction and Background
01:04 - Discovering Bitcoin and Initial Misunderstandings
04:21 - Understanding Sovereignty and Freedom
07:47 - Challenges of Self-Custody and Education
09:43 - The Rise of Bitcoin ETFs
13:00 - Educating People about Self-Custody
16:00 - The Impact of ETFs on Bitcoin Adoption
17:27 - Understanding Bitcoin from Technical to Philosophical
20:16 - Bitcoin's Resonance with Millennials
23:46 - Institutional Adoption and Self-Custody
27:37 - Bitcoin as a Response to Mistrust and Resentment
30:56 - The Entertainment and Pleasure of Bitcoin's Journey
38:29 - The Low Time Preference and Volatility of Bitcoin
41:18 - The Difficulty of Getting Millennials into Bitcoin
43:11 - The Personal Journey of Understanding Bitcoin
45:08 - Bitcoin as a Solution to Financial Challenges
46:02 - The Journey of Orange Pilling Others
48:35 - Building a Bitcoin Hardware Company
53:26 - Creating an Apple-like Ecosystem for Bitcoin
57:31 - The Vision for Foundation Devices
59:24 - Expanding Value-Add Services in the Foundation Ecosystem
01:06:57 - The Softwar Thesis and Bitcoin's Role in Cyberspace
01:11:19 - Debunking the Misconception about Self-Custody
01:13:30 - Core Beliefs: Freedom and Striving for Excellence
