How FediMints could ease onboarding and privacy in Bitcoin w/ Eric Sirion and Matt Odell

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This episode, we're sitting down with Eric Sirion and Matt Odell to chat about FediMints, a fascinating and unusual new proposal that seeks to ease onboarding and privacy on Bitcoin with important trade-offs.

More about Eric Sirion and Matt Odell:

• Eric Sirion's guest profile -- https://optoutpod.com/guests/eric-sirion/
• Matt Odell's guest profile -- https://optoutpod.com/guests/odell/

More about FediMints:

• Website -- https://fedimint.org/
• Github Organization -- https://github.com/fedimint
• FediMints Telegram room -- https://t.me/+-AsKtcH4Geo2ZTU0
• Citadel Dispatch episode feat. FediMints -- https://citadeldispatch.com/cd45/

Opt Out's Sponsors:

• Cake Wallet, an easy to use Monero mobile wallet -- https://optoutpod.com/sponsors/#cake-wallet
• LocalMonero, an excellent and privacy-preserving way to buy and sell Monero -- https://optoutpod.com/sponsors/#localmonero
• IVPN, an ethical, no-nonsense, non-logging VPN provider -- https://optoutpod.com/sponsors/#ivpn

Supporting Opt Out:

• Donations -- https://optoutpod.com/about/#donations
• Leave a review on your favorite podcast platform, if possible!
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Chapters

1. How FediMints could ease onboarding and privacy in Bitcoin w/ Eric Sirion and Matt Odell (00:00:00)

2. Eric and Matt introduce themselves (00:02:04)

3. What was it that woke you up to the need for more attainable privacy on Bitcoin? (00:04:48)

4. What prompted the creation of FediMint? (00:10:14)

5. What would you hope users get from using FediMint? (00:19:35)

6. What are the key trade-offs with FediMint, and why do you view them as worth it? (00:34:02)

7. A shoutout to Opt Out's sponsors (00:42:09)

8. How does FediMint provide strong privacy to users despite being custodial? (00:43:41)

9. What are your thoughts on the legal and regulatory attack surface FediMint may bring on custodians and users? (00:47:12)

10. What financial incentive do FediMint custodians have, and how can they build a business model around FediMint? (00:57:29)

11. What does user authorization/access look like? Are seed-phrases unnecessary? (01:05:03)

12. How does FediMint pair with Lightning? How are they symbiotic? (01:11:20)

13. How do you view the tradeoffs of FediMint vs using Monero for spending while saving in Bitcoin? (01:21:42)

14. How can listeners help support what you're doing with FediMint? (01:30:02)