A conversation with Adam Back at Bitcoin Park's Custody and Treasury Summit in Nashville, TN. We discuss the current state of bitcoin custody and how it applies to individuals, small businesses, and public companies.

Date: September 18, 2025

Adam on Nostr: https://primal.net/adamback
Adam on X: https://x.com/adam3us
Bitcoin Park on Nostr: https://primal.net/park
Bitcoin Park: https://bitcoinpark.com/

(00:00) Teaser

(01:07) Not your keys, not your coins

(01:49) Why self custody matters: seizure and asset protection

(03:06) Early Bitcoin legal fears and Obama’s Swiss bank quote

(03:54) Individuals adopt self custody; shift to business treasuries

(04:22) Custody advice for small businesses and dentists

(05:34) Multisig basics, redundancy, and vendor diversity

(06:45) Single sig vs multi sig usability and learning curve

(07:32) Practical setups: single sig cold storage and backups

(08:24) Keeping multiple backups

(09:06) Fireproof steel backups and moving to treasury topics

(09:30) Public companies using custodians: risks and drivers

(10:48) Collaborative custody among custodians and decaying multisig

(12:10) Balancing third party risk vs operational self custody risk

(12:43) Finality, time locks, and covenant based safety nets

(13:59) Why multisig is essential for large organizations

(14:56) Industry pushback and the case for proof of reserves

(16:20) Adoption of proof of reserves and hybrid treasury strategies

(16:51) Closing and audience Q&A intro

Video: https://primal.net/e/nevent1qqsxtltftjfavnlg8ysjvnn9504l40ykq8hdw25pcmaljwdx0xp9wyswev5e3 

more info on the show: https://citadeldispatch.com
learn more about me: https://odell.xyz