We sit down with Sam Abbassi, the founder of Hoseki, to explore his fascinating journey and the innovative work being done at the forefront of Bitcoin and digital asset management.
Sam shares his unique background, spanning programming, neuroscience, journalism, and Ethereum development, and how these diverse experiences have shaped his vision for Hoseki. We dive deep into Hoseki's mission to make Bitcoin the global standard for money and simplify proof-of-reserves verification, while prioritizing privacy, security, and user experience.
Discover how Hoseki is bridging the gap between local and global financial systems, empowering individuals and institutions worldwide to take full control of their financial future. Whether you're a Bitcoin enthusiast, tech aficionado, or just curious about the future of finance, this conversation is packed with valuable insights!
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00:52 Introduction to Bitcoin Businesses Series
02:09 Hoseki App
03:11 Sam's Background
11:56 Experience at Fidelity
13:20 Becoming a Developer
15:21 From Ethereum to Bitcoin
19:24 Starting Hoseki
22:41 Proof of Reserve
23:34 Using Bitcoin for a Mortgage
28:34 Capital Liquidity
31:10 Balancing Long and Short Term
32:25 US Dollar is Opaque
33:33 Bitcoin in Unique
34:34 Hoseki Connect
38:27 Privacy Challenges
40:25 Data Richness
41:12 Proper Custody is a Good Look
42:23 Hoseki Verified
44:45 Infrastructure Inversion
46:39 Systemic Shocks
47:37 Ramfications of an ETF Hack
49:10 Paper Bitcoin
49:47 How Hoseki Connect Works
53:04 Exchange Risk
57:46 Challenges of POR
01:01:07 Borrowing Against Your Bitcoin
01:03:53 Future Plans
01:04:51 Conclusion