BTC197: What are Bitcoin Fedimints w/ Obi Nwosu and Renata Rodrigues (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 28 August 2024

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, we dive into the challenges of Bitcoin payments and scaling, and how Fedi is addressing these issues. Obi Nwosu explains the concept of Fediments and guardians, while Renata Rodrigues shares her on-the-ground experiences in Africa, discussing the real-world impact of Fedi on communities. We also explore the tools within the Fedi app that empower users to earn sats and the potential of Fedi to unlock talent trapped by financial repression. Additionally, Obi and Renata discuss Fedi’s move towards open-source, social backup mechanisms, and their partnership with Save the Children. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 03:54 - The major problem that Fediments solve for Bitcoin payments and scaling. 04:31 - How guardians function within the Fedi ecosystem and the role they play in protecting user privacy. 05:43 - The concept of the Fedi Order and how it supports the Fedi ecosystem. 15:33 - Insights from Renata Rodrigues on the conversations happening in Africa around Bitcoin adoption. 18:43 - Obi Nwosu's perspective on how financial repression is trapping talent globally and how Fedi can help unlock it. 28:30 - How vendors are responding to incorporating Fedi into their stores. 30:01 - The tools inside the Fedi app, known as Fedi Mods, that enable people to earn sats. 32:17 - The importance of social backup and stable channels within the Fedi ecosystem. 43:35 - Fedi’s partnership with Save the Children and how it is making a difference. 46:52 - How to start your own Fedimint and the timeline for getting set up. 51:00 - Fedi's transition towards becoming open source and what it means for the future. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Watch the Fedi Live Event at Fedi.xyz. You can follow Fedi on X and Nostr and join the Fedi Telegram community here. Download the Fedi App. Connect with Developers on Fedimint and Discord here. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Range Rover Vacasa AT&T The Bitcoin Way USPS American Express Onramp Found SimpleMining Public Shopify Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:03.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:15.2	On today's show I have CEO and founder of Fetti Obinewosu and his head of community Renauda Rodriguez, who are here
0:22.2	to talk about all the mind-blowing things
0:24.3	that they're doing in Africa by rolling out the FETI app which brings e-cash
0:28.1	Bitcoin payments and much much more to local communities. We cover such a wide breath of topics here like stable
0:34.8	channels which is a fiat derivative on top of Bitcoin. How communities are the
0:40.3	way to scale Bitcoin payments. I do need to disclose that I am a partner at Ego Death Capital.
0:45.3	I have a personal financial interest in this particular company,
0:48.1	so please know that as you're listening to the interview.
0:50.8	But with all of that said, hang on tight because this is an exciting and interesting interview with Obey and Renata Celebrating 10 years. You are listening to Bitcoin Fundamentals
1:05.0	by the Investors Podcast Network.
1:07.0	Now for your host, Preston Pish. Hey everyone welcome to the show. I'm here with Obie and Renata.
1:22.1	Guys this is an exciting conversation. the show I'm here with Obie and Renata.
1:22.6	Guys, this is an exciting conversation.
1:25.0	Welcome to the show.
1:26.3	Hello again.
1:27.4	How are you?
1:28.4	Doing great.
1:29.4	Hi everyone.
1:30.4	Hi.
	...

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