The Future of Bitcoin Banking with Eric Yakes SLP553

Eric Yakes, author of The 7th Property, joins me to talk about the future of Bitcoin Banking, LN and ecash. We discuss:

• Chaumian mints and ecash
• Interaction with LN
• Credit markets in the future
• How does the system remain Full Reserve?
• Regulatory roadblocks
• Will there be a role for passive index funds?

Links:

• X: @ericyakes
• axiombtc.capital/bank
• Site: Yakes.io

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack

Timestamps:

• 00:00 - Introduction
• 08:23 - Bitcoin Banking
• 13:57 - Chaumian Mints
• 19:10 - How Do Chaumian Mints Work
• 24:04 - Use Cases for FediMints and CashewMints
• 31:09 - Coinkite.com
• 32:24 - Mempool.space
• 33:13 - Swan.com
• 35:08 - Bitcoin's Evolution and Adoption
• 38:20 - Regulatory Roadblocks for Commercial Mints
• 40:31 - Mitigating Risk of Token Debasement
• 46:59 - Fractional Reserve Banking and Trust
• 56:45 - Passive Index Funds and Stock Indexes
• 01:01:56 - Accounting Valuation and Global Wealth
• 01:06:02 - Closing Thoughts on Banks Without Bankers