Solving Bitcoin's Self-Custody Problem
The cofounder of the U.K.'s longest-running Bitcoin exchange discusses his journey in Bitcoin and the importance of self custody.Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastIn this episode of "The Bitcoin Magazine Podcast," host Christian Keroles was joined by Bitcoin entrepreneur and founder and CEO of Coinfloor, Obi Nwosu. Nwosu found out about Bitcoin via an email in 2011, and has been building in the Bitcoin space since 2013 when he created Coinfloor, the longest-running U.K.-based Bitcoin exchange. He told his story of getting into....
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User experience (UX) has always been the single biggest obstacle of Bitcoin adoption. But not in the way you might think. The post We Must Solve Bitcoin’s Custody UX Problem appeared first on Bitcoin Magazine.
In a world with third-party custody and self-custody, bitcoin is the clear winner for offering protection from government overreach and seizure.
Also: Coinbase plans infrastructure updates to prevent outages during periods of volatility.
Close collaboration continues to be the absolute necessity for blockchain success. The closer the collaboration between developers and commercial organizations, the better the results that emerge. And the closer everybody works with consumers, the more likely it is that the result will be something attractive to them. This technology is young: the tools to interact with it are designed largely for developers. Creating experiences for consumers is hard, and allowing consumers to interact with it directly can be even harder. An example: every action on public blockchains requires a....
A new kind of custody could help alleviate issues presented by third-party custody like exchanges and first-party custody like hardware wallets.