#473: Banks Without Bankers with Eric Yakes
About this episode
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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