TRANSMISSION SLP604

Bitcoin Custody & Proof of Reserves

with Alexander Leishman

With growing institutional adoption of Bitcoin through custodians, investors will demand transparency through ‘Proof of Reserves’. Alexander Leishman, CEO & CTO, River joins me to discuss more of the institutional adoption of Bitcoin, Coinbase’s hesitation towards Proof of Reserves, US Govt. debt and more. Summary In this episode of the Stephan Livera podcast, host Stephan speaks with Alex Leishman, CEO and CTO of River, about various topics surrounding Bitcoin, including the current state of exchanges like Coinbase, the importance of proof of reserves, and the growing adoption of Bitcoin among businesses. They discuss the implications of stablecoins, the comparison between Bitcoin and gold, and the future of Bitcoin technology. Alex emphasizes the need for transparency in the industry and the importance of maintaining a solid foundation for Bitcoin's development. Takeaways • Coinbase likely has the coins they claim, but proof is needed. • Proof of reserves should include liabilities for full transparency. • Bitcoin adoption is growing among businesses of all sizes. • Stablecoins serve as a necessary tool for many users. • The future of Bitcoin as a store of value is promising. • Gold's historical significance may not hold against Bitcoin's advantages. • Self-custody remains a challenge for many Bitcoin users. • Bitcoin technology is evolving, focusing on reliability and security. • The political landscape may influence Bitcoin's regulatory environment. • Community education is crucial for fostering trust in custodians.