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Unchained

Mike Belshe on What BitGo's Kingdom Trust Acquisition Means for Crypto and How Security Will Develop in the Future

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 20 March 2018

⏱️ 65 minutes

🧾️ Download transcript

Summary

Mike Belshe, the founder and CEO of BitGo, talks about one of the biggest problems facing crypto today: security. We discuss some of the ways BitGo has resolved this issue, whether that still leads to single points of failure, and what the company's recent acquisition of Kingdom Trust (a "qualified custodian" as defined by the 1940 Investment Company Act) means for the space -- hint, it may have to do with ETFs. We also discuss the recent violent crimes against people in crypto and how everyday people should go about protecting their funds. Mike Belshe: https://twitter.com/mikebelshe BitGo: https://www.bitgo.com/ A Wired article on the BitGo acquisition of Kingdom Trust: https://www.wired.com/story/why-a-tiny-kentucky-firm-rules-a-corner-of-the-crypto-market/ New York Times article on crimes against crypto holders: https://www.nytimes.com/2018/02/18/technology/virtual-currency-extortion.html Thank you to our sponsors: Preciate: https://preciate.org/, which is taking suggestion for new people to recognize at https://preciate.org/recognize/ Bitwise: https://www.bitwiseinvestments.com/unchained StartEngine:https://www.startenginesummit.com/   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

For Bonus interviews, transcripts of the Tuesday shows, and a subscriber-only chat group,

0:05.0

sign up for unchained premium. Go to unchained crypto.substack.com and click on premium. thought leaders in the world of blockchain and cryptocurrency.

0:23.0

I'm your host, Laura Shin, an independent journalist covering all things crypto.

0:27.2

As you heard on the podcast, last week I was at South-Thy-Southwest,

0:31.2

where I moderated panels and spoke with people at several crypto events.

0:34.8

I just wanted to take a moment to thank everyone who came out and also to those of you who came

0:38.6

up to say hello.

0:39.9

I love meeting listeners and it really means a lot to hear from you, especially since when I started

0:44.2

this podcast, I never, ever, ever would have dreamed that it would grow to become this popular

0:49.5

and actually ever be something other people cared about.

0:53.0

Since I'm looking back to when I first started and when this

0:55.3

podcast had a tiny audience, I also want to take this moment to thank my

0:58.8

first sponsor on-ramp and to

1:05.0

a thank Matt Rosack who introduced me to them.

1:03.0

I also want to thank Chris Curran at fractal recording

1:05.0

who is such a pleasure to work with because he is so chill

1:08.0

and to Elaine Selby who is a master of all things

1:11.0

podcast related.

1:12.0

Most of all, thank you to all you listeners who have

1:15.1

tuned into the show even though for most of the time I've done this podcast I've

1:19.3

had pretty much no idea what I'm doing. I'll be at more conferences in April and May and so if you see me in person

1:25.4

please don't be shy about saying hi. Unchained is sponsored by Pre-Shia. Founded by Ed Stevens, Pre-Ciate is building the most valuable relationships on Earth.

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