Show Notes
"If you think of River or Gemini or Coinbase or whatever, think of all of those as silos and how people custody Bitcoin. If some sort of compromise were to come into the Bitcoin ecosystem at the private key generation level, that could create an incident that could set Bitcoin back by 10 or more years because it would be almost indistinguishable from a protocol compromise and that we would be talking about Bitcoin being hacked again and not individual custodians being hacked. So I think we need to decentralise how people do Bitcoin custody as much as possible and what better way by leveraging private freedom preserving open source software."
~ Seed
In today’s chat, I sat down with Seed, the creator of the SeedSigner project, and his backstory is completely wild.
He told the story of how he got pulled into Bitcoin through a forensic case tied to a local Silk Road user, why he panic sold in 2017, and how that path eventually led him back to the basics and into building one of the most respected DIY signers in the space. But the real tension in this episode is the part most people skip over: what actually keeps your coins safe when things get messy in the real world.
We talk about the grim reality of wrench attacks, what actually happens when law enforcement flips a house upside down with a search warrant, and how a former forensics cop secures his own wealth. If you think a standard hardware wallet hidden in a sock drawer is enough, hearing his threat models might completely rewrite your long-term storage plans. And yes, we got into a few stories that made me think about my own setup a lot differently.
Guest Links
Seed on X (Link: https://x.com/sesi_the_man)
SeedSigner on X (Link: https://x.com/SeedSigner)
Today in Bitcoin History on X (Link: https://x.com/daily_btc_lore)
SeedSigner's Website (Link: https://seedsigner.com/)
Affiliate Links
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(Under construction) Check out the list of products and services I use and recommend on BitcoinAudible.com (Link: https://bitcoinaudible.com/)
Host Links
Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
Guy on X (Link: https://twitter.com/theguyswann)
Guy on Instagram (Link: https://www.instagram.com/theguyswann)
Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
More from Bitcoin Audible
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We finally stopped being lazy and brought a guest onto the Roundtable. Max Hillebrand joins Steve, Jeff, and I to talk about the absolute madness happening in the freedom tech space right now.
In this Take, I break down why the biggest AI labs, while deeply unprofitable sitting on massive future compute obligations, are racing toward trillion-dollar valuations. I explore how open-source competition, especially from China, is crushing their moat, and why that pushes them toward lobbying for fear-driven regulation, immunity, and government partnerships. Ultimately, I argue that the AI panic is about preserving a failing business model and building a centralized surveillance infrastructure, and why we shouldn’t be the ones paying their bill.
***"The dollar is going to continue to lose purchasing power. Bitcoin is going to continue to gain purchasing power. It's going to keep on happening over the rest of the century. We will at some point have enough people that have most of their wealth in bitcoin that they don't have anything else to spend and they will start to spend their bitcoin. And when they start to encounter more people like them on the other side of the transaction, they will no longer convert to some other currency on the merchant side for that transaction."