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#473: Banks Without Bankers with Eric Yakes

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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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