#473: Banks Without Bankers with Eric Yakes

Marty sits down with Eric Yakes to discuss his piece written for Axiom, federated mints, and the newly approved Bitcoin ETF.


Eric on Twitter: https://twitter.com/ericyakes
Axiom article: https://www.axiombtc.capital/banks
Eric's book: https://yakes.io/book/


0:00 - Intro
6:40 - Can we really have banks without bankers?
12:44 - Tradeoffs
16:10 - Fedimints
23:48 - Federated model cost/benefit
35:23 - Implementing incentives
42:08 - Fedi in the future
45:53 - Speculating on possibilities
51:35 - Mint distribution and crossing chasms
59:23 - Ark
1:07:57 - Spoiling final thoughts
1:11:31 - Multi-institution custody
1:15:03 - ETF
1:22:59 - Falling empire
1:25:46 - Wrapping up


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