Watch This Episode On YouTube[1] Or Rumble[2]
Listen To The Episode Here:
P: What other things in the Bitcoin space, whether it's companies that are starting up or new protocols that are being proposed that have got you guys really excited, that we haven't talked about so far in this conversation. Ben, you wanna go first since you've been quiet for a while?
Ben Carman: Yeah, I think Fedimints is probably one of the biggest things that's happening now in the space. It's pretty cool. It's like using this thing called a Chaumian Ecash server, the properties of it are it's perfect privacy, but fully custodial. It's funny, because it's something that was invented 30 years before Bitcoin was, and initially some banks used it, but it either shut down or just failed.
Then it was just like, “Oh, this is a cool idea, but failed in the fiat world. Now, people are trying again. because they can make these Fedimints interoperable between each other, where you can have multiple banks that talk to each other through Bitcoin and it's all bitcoin denominated, but you still can have this perfect privacy on top of it.
I think it's gonna be a really cool solution. I know another way to do privacy on Bitcoin. It will be custodial, but I think the idea is a Fedimint, so it's a federation running it. So it's a lot harder, you can't just have one person rugpull, you would need to be a collection of people. If you make it sufficiently large, it should be safe enough for amounts to keep on there for privacy.
P: Love it.
Tony Ronning: I agree. Fedimint man. From a privacy standpoint, I think it's
