The Future of Bitcoin Banking with Eric Yakes SLP553

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