BITCOIN SEASON 2: Bitcoin Needs Self Custody To Survive

BITCOIN SEASON 2: Bitcoin Needs Self Custody To Survive

By CoinDesk

Casa CEO Nick Neuman argues Bitcoin needs self-custody adoption to survive long-term. Without transaction fees from edge users, mining could become unprofitable, risking network security and potentially forcing protocol changes. Nick Neuman, CEO & co-founder of Casa joins us to talk about why Bitcoin's future depends on self-custody adoption. Neuman argues that without users holding Bitcoin "at the edges" and generating transaction fees, mining incentives could collapse, potentially forcing changes to Bitcoin's 21 million supply cap or pushing institutions toward proof-of-stake alternatives. Subscribe to the newsletter! https://newsletter.blockspacemedia.com NOTES: • Casa founded in 2018 to enable self-custody • Coinbase holds 2.8 million Bitcoin today • Transaction activity lower than 2018 levels • Bitcoin block reward halves repeatedly over time • Mining unprofitable without transaction fees • 2140 deadline for block reward depletion Timestamps: 00:00 Start 02:38 Self custody & Bitcoin survival 07:25 Held at the edges 11:26 Fees a& codes changes 17:55 Memetic death spiral 21:00 layer 2 26:12 Self custody adoption 30:48 Changes to improve self custody 33:35 Education - 👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech! Enjoy the show? Check out our website and newsletter by clicking here. Questions or want to sponsor? hello@blockspace.media See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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