Bitcoin Safekeeping Explained
Wences discusses the unique service Xapo provides as a Bitcoin bank, emphasizing the importance of secure storage for digital assets. Unlike traditional banks, Xapo does not own the Bitcoin; instead, it acts as a safe parking garage for users' assets. He highlights the challenges of private key management, illustrating that even trusted individuals may not be equipped to handle the security required for Bitcoin.In this clip
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EconTalk
Wences Casares on Bitcoin and Xapo
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