BITCOIN SEASON 2: Bitcoin Needs Self Custody To Survive

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7 • 698 Ratings

🗓️ 30 July 2025

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Casa CEO Nick Neuman argues Bitcoin needs self-custody adoption to survive long-term. Without transaction fees from edge users, mining could become unprofitable, risking network security and potentially forcing protocol changes. Nick Neuman, CEO & co-founder of Casa joins us to talk about why Bitcoin's future depends on self-custody adoption. Neuman argues that without users holding Bitcoin "at the edges" and generating transaction fees, mining incentives could collapse, potentially forcing changes to Bitcoin's 21 million supply cap or pushing institutions toward proof-of-stake alternatives. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Casa founded in 2018 to enable self-custody • Coinbase holds 2.8 million Bitcoin today • Transaction activity lower than 2018 levels • Bitcoin block reward halves repeatedly over time • Mining unprofitable without transaction fees • 2140 deadline for block reward depletion Timestamps: 00:00 Start 02:38 Self custody & Bitcoin survival 07:25 Held at the edges 11:26 Fees a& codes changes 17:55 Memetic death spiral 21:00 layer 2 26:12 Self custody adoption 30:48 Changes to improve self custody 33:35 Education - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0	Hey everyone, Charlie here.
0:02.6	We're running a quick survey.
0:04.6	We want to better understand who our listeners are.
0:07.5	Do me a huge favor and fill out that survey.
0:10.0	It takes under a minute and the link is in the show description.
0:13.3	This helps us make better content for you.
0:15.4	Thanks a ton for listening.
0:17.0	Link in the show notes.
0:18.0	I think that we as an industry have to figure out how to move past creating new casino games,
0:25.4	basically, and into economic value, because that is what will drive the most activity
0:31.5	and demand for blocks based on Bitcoin.
0:34.0	If we want to ensure that Bitcoin is valuable, isn't the path to ensuring success 100%,
0:40.9	doesn't that lie through increasing the number of transactions on the network? It feels like the
0:45.8	self-custody narrative in general is just getting pushed into the background.
0:57.0	Welcome back to Bitcoin Season 2.
0:58.8	I have CEO and co-founder of Kasa here on the show, Nick Newman.
1:05.0	Welcome to Bitcoin Season 2.
1:06.5	Hey, hey, thanks for having me.
1:08.2	So Kasa is a bit of, I would say, like a household name for the joke.
1:16.6	How long have you been...
1:17.5	Nice. Love it.
1:18.1	Yeah, you've been doing that.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CoinDesk, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CoinDesk and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.