Part 8/12:
He suggests a distributed approach where small and medium-sized businesses, as well as individuals, hold and manage their Bitcoin through multi-sig solutions. This democratization ensures resilience and commitment to Bitcoin’s original vision of a borderless, censorship-resistant monetary system.
Facilitating Self-Custody for Emerging Markets
The conversation explores how self-custody can be tailored for emerging markets, as exemplified by El Salvador’s Bitcoin adoption. Szabo emphasizes innovative community-driven solutions, such as pooled multi-sig wallets managed collectively by community leaders, which can alleviate logistical and security challenges.