Zach Herbert is the CEO of Foundation Devices – a company that is about to ship the first batch of the Passport, a new user-friendly and Bitcoin-centric hardware wallet. In this interview, Zack talks about the elements that make the Passport unique.

This episode is sponsored by Vaultoro and Wasabi Wallet.

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Time stamps:

00:00 – Intro

03:40 – What was the initial reception like for the Foundation Devices Passport?

05:25 – The global chip shortage and hardware wallets

07:22 – Why launch another hardware wallet?

11:20 – Does the Foundation Devices Passport work with third party wallets like Wasabi, Electrum, and Blue Wallet?

14:00 – Why does the Passport sign transactions with an SD card or QR codes that you scan with the embedded camera?

16:20 – What kind of secure element chip does the Foundation Devices Passport use?

18:29 – From 1 to 10, how open source and transparent is the Passport hardware wallet?

20:40 – Tropic Square’s TASSIC chip and bunnie’s Precursor project

25:25 – Foundation Devices Passport vs Trezor

28:24 – Foundation Devices Passport vs Ledger

32:00 – Foundation Devices Passport vs Coldcard

39:17 – Is Foundation Devices Passport giving away bounties to ethical hackers?

41:47 – Passport’s security audit being made by the wallet.fail hackers

47:15 – Foundation Devices Passport vs BitBox02

52:07 – Why use hardware wallets when you can do cheaper DIY projects?

56:03 – Should we load up on hardware wallets before supply chain attacks become a lot more common?

57:00 – Are multisig setups a silver bullet for security? What about Shamir Secret Sharing?

1:00:30 – The surprise gift that comes with the first batch of Passports

1:01:30 – How can you get more privacy when ordering the Passport from Foundation Devices?

1:07:16 – What should we expect next from Foundation Devices? (node, phone & more)