“Fedi and Fedimint will help put monetary power back into the hands of everyone, everywhere,” said Fedi Inc. co-founder and CEO, Obi Nwosu, in a statement. “This creates brighter futures for billions and especially for those struggling under oppressive regimes, which ultimately makes the world a better place.” - Namcios

The cypherpunk mission of Chaumian Ecash may finally be realized, as a federated payment model on top of Bitcoin. Fedi, the company implmenting a user-friendly, community custody system for the Fedimint protocol, raised $4 million recently to bring this technology to market. There are numerous trade offs, but it remains a very unique and fascinating technology to add to the Bitcoin stack. This will act as an introduction to the idea as we dig further into it in future episodes. Enjoy!

Check out the original article by Namcios, and on Bitcoin Magazine:

https://bitcoinmagazine.com/technical/how-fedimint-scales-bitcoin-custody

Check out Obi's speech from Bitcoin2022, and the Fedi crew getting into the details on TFTC:

Bitcoin2022 Obi - https://youtu.be/OwJL0J_nPDE?t=14319

TFTC - https://www.youtube.com/watch?v=b67lfH0SoYY&t=0s

Check out our amazing sponsors and the products that Guy uses most in the space:

• The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy)

• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold)

• Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Coinkite.com

Learn more about your ad choices. Visit megaphone.fm/adchoices

---

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message