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TFTC: A Bitcoin Podcast

#375: Keeping Your Bitcoin Safe From Exchanges with Phil Geiger

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8804 Ratings

🗓️ 16 November 2022

⏱️ 90 minutes

🧾️ Download transcript

Summary

Join Marty as he sits down with Phil Geiger to discuss the self custody. The dive into how multisig works, the dangers of platforms like FTX, and the importance of distinguishing between Crypto and Bitcoin.

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Transcript

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0:00.0

Stuff, freaks, it's your boy Marty here to introduce this rip of TFTC.

0:09.3

I sat down with Phil Geiger from Unchain Capital.

0:15.5

Not your keys, not your cheese, freaks.

0:18.6

Learning some hard lessons of real time.

0:21.0

I mean, I'm not.

0:22.2

I've been trying to preach this for five years now on this show,

0:26.1

but many others are.

0:27.1

I feel bad for them.

0:29.3

The FTX debacle.

0:31.9

It's a big one.

0:33.3

It seems to be pulling down others with it.

0:36.7

Gemini, rumors that circle may have some problems today.

0:43.9

That's why I need to leverage Bitcoin's native multi-sig properties.

0:48.0

Or just its native properties in general, you can control your Bitcoin.

0:52.6

And you should do that.

0:53.9

And Unchained Capital helps you do that.

0:56.3

Right down the hall for me here at the Bitcoin Commons, and they built their company on the

1:01.9

first principle of eliminating single points of failure in your custody model. This is brought to

1:08.5

life with their two or three multisig volts, which you hold two keys.

1:12.4

Unchained holds one key.

1:14.2

We go through it in the interview with Phil, how these volts are constructed, how they eliminate

1:20.2

single points of failure, and how you can get peace of mind knowing that your Bitcoin is

...

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