Eric Yakes, author of The 7th Property, joins me to talk about the future of Bitcoin Banking, LN and ecash. We discuss:

Chaumian mints and ecash
Interaction with LN
Credit markets in the future
How does the system remain Full Reserve? 
Regulatory roadblocks
Will there be a role for passive index funds? 

Links:

X: @ericyakes 
axiombtc.capital/bank 
Site: Yakes.io

Sponsors:

Swan.com (code LIVERA)
CoinKite.com (code LIVERA)
Mempool.space

Stephan Livera links:

Follow me on X: @stephanlivera
Subscribe to the podcast
Subscribe to Substack

Timestamps:

00:00 - Introduction
08:23 - Bitcoin Banking
13:57 - Chaumian Mints
19:10 - How Do Chaumian Mints Work
24:04 - Use Cases for FediMints and CashewMints
31:09 - Coinkite.com
32:24 - Mempool.space
33:13 - Swan.com
35:08 - Bitcoin's Evolution and Adoption
38:20 - Regulatory Roadblocks for Commercial Mints
40:31 - Mitigating Risk of Token Debasement
46:59 - Fractional Reserve Banking and Trust
56:45 - Passive Index Funds and Stock Indexes
01:01:56 - Accounting Valuation and Global Wealth
01:06:02 - Closing Thoughts on Banks Without Bankers