In this episode, Greg Mikeska, CTO of SatsCapital and founder of the Emerald Foundation, discusses new developments in Bitcoin custody solutions for financial institutions.
He elaborates on the role of the Emerald Foundation in establishing standards for Bitcoin custody, the implications of Bitcoin in the monetary system, and the potential threats posed by quantum computing (and why they're overblown).
Mikeska also critiques the proof of stake model and emphasizes the importance of Bitcoin's unique properties.
Key takeaways:
- The Emerald Foundation aims to establish custody standards for Bitcoin.
- Bitcoin's architecture offers profound benefits over alternative cryptocurrencies.
- Emerald's approach addresses the metacustodian problem in financial institutions.
- Bitcoin's adoption is crucial for its role as a currency.
- Quantum computing poses a theoretical risk but is not an immediate threat.
- Proof of stake systems recreate fiat-like centralization issues.
- Emerald Foundation is in its early stages but has ambitious goals.
- The future of Bitcoin may involve it backing the US dollar.
- Misinformation about Bitcoin and quantum threats is prevalent.
- The shift in cryptocurrency discussions from technology to investment is concerning.
Subscribe to the Hard Money Dispatch newsletter here: https://brian-nibleys-newsletter.beehiiv.com/
