The "What is Money?" Show

Revolutionizing Bitcoin: Fedi and the Fedimint Protocol with Obi Nwosu (WiM519)

Episode Summary

Obi Nwosu joins me to discuss Fedi and Fedimint, tradeoffs in transaction speeds, decentralization, and trust, auditability vs privacy, the danger of totalizing knowledge and the importance of community, what to prioritize when building a team, and the transformative impact of Bitcoin on individuals. Obi Nwosu is co-founder and CEO of Fedi, and a board member of ₿trust & Gridless.

Episode Notes

// GUEST // 

X: https://x.com/obi 

LinkedIn: https://uk.linkedin.com/in/obinwosu 

Fedi Website: https://www.fedi.xyz/ 

FediBtc X: https://x.com/fedibtc 

FediMint X: https://x.com/fedimint 

₿trust: https://x.com/btrustteam 

Gridless: https://x.com/GridlessCompute


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// OUTLINE // 
0:00 - WiM Intro 

1:10 - Introducing Obi Nwosu 

11:31 - Obi’s Introduction to Bitcoin and Building Coinfloor 

22:12 - Exchanges, Shit-coins, and Self-Custody 

33:21 - The Farm at Okefenokee 

34:31 - Heart and Soil Supplements 

35:31 - Helping Lightning Startups with In Wolf's Clothing 

36:23 - What is Fedi and Fedimint? 

47:08 - Tradeoffs in Transaction Speed, Decentralization, and Trust 

1:02:08 - There are Always Tradeoffs 

1:08:16 - Auditability vs Privacy 

1:22:04 - The Danger of Totalizing Knowledge and the Importance of Community 

1:31:48 - Tuttle Twins: Teaching Kids Critical Thinking 

1:33:05 - Mind Lab Pro 

1:34:16 - Emerge Dynamics 

1:35:19 - Community as “Common Unity” 

1:45:46 - How Fedimint and Lightning Compliment Each Other 

1:57:32 - Fedi the Company vs Fedi the App 

2:15:40 - Building the Fedi Team 

2:33:22 - The Broader “Crypto” Market 

2:42:58 - Store of Value, Medium of Exchange, Unit of Account 

3:02:22 - Bitcoin’s Transformative Impact on Obi


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