#411: How OnRamp is Bringing Bitcoin Multisig to Financial Products with Michael Tanguma & Jesse Meyers
TFTC: A Bitcoin Podcast
Marty Bent
4.8 • 804 Ratings
🗓️ 14 April 2023
⏱️ 92 minutes
🧾️ Download transcript
Summary
Marty sits down with Michael Tanguma and Jesse Meyers to talk about OnRamp.
Check out OnRamp: http://onrampbitcoin.com/
Michael on Twitter: https://twitter.com/MTanguma
Jesse on Twitter: https://twitter.com/croesus_btc
0:00 - Intro
5:26 - Marty's chair is stolen
7:11 - OnRamp's use case and problems to solve
14:28 - Legal structure of OnRamp
19:30 - Difficulty in educating on self custody
31:10 - Decentralized control
41:55 - How will OnRamp's launch impact the market?
51:59 - The adoption curve
55:01 - Qualified custodians vs collaborative custody
1:00:36 - A new industry model
1:10:16 - OnRamp's educational mission
1:20:20 - OnRamp's content platform and new podcast
1:26:27 - Plugs
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Transcript
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| 0:00.0 | This is brought to you by our good friends at River. |
| 0:07.0 | River is a Bitcoin company. |
| 0:10.0 | It has an exchange, has mining, has lightning, as Lightning API that you can build on. |
| 0:15.0 | I was often referring to it as a Bitcoin exchange. |
| 0:18.0 | It certainly does have an exchange, but it's more than it. |
| 0:20.0 | It's a Bitcoin company. If you're looking to acquire Bitcoin, you're looking at the banking |
| 0:25.2 | crisis unfolding right now here in the United States. You're thinking, hmm, there's a lot of |
| 0:29.5 | counterparty risks there. Maybe I should get an asset that eliminates that counterparty risk. |
| 0:34.8 | Bitcoin. Go to River. River.com slash TFTC. They have the exchange. |
| 0:39.7 | You can DCA. If you DCA into Bitcoin, you won't pay any fees on those buys. |
| 0:44.9 | If you hold Bitcoin on River, they don't recommend it. They want you to send it to cold storage that you control. |
| 0:50.3 | But if you do hold it on River, you can have the peace of mind knowing that your Bitcoin |
| 0:54.3 | is 100% reserved on the exchange. It is held in a multi-sig wallet. You can send them receive |
| 1:01.0 | over Lightning to River. And again, if you want to build on Lightning, they have River Lightning |
| 1:05.7 | services, their API. So go check it out. Maybe you have a Bitcoin exchange that you're using, but you should be |
| 1:11.4 | using a Bitcoin company. River. You get the exchange plus a bunch of value added services. River.com |
| 1:16.7 | slash TFTC. This report was also brought to you by our good friends down the hall, unchained capital. |
| 1:21.7 | They're here to help you eliminate single points of failure in your custody model, help you eliminate |
| 1:26.1 | the third party custody risk that |
| 1:28.1 | exists in the incumbent banking system that is taking a lot of people out right now. |
| 1:32.6 | They have their vault product, which is a two or three multi-sig wallet where you hold two keys. |
| 1:37.4 | Unchain holds one. |
... |
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