Winner of the scariest Halloween costume 2025.

Thank you sir, looking forward to it!!

Full disclosure I have no idea how it works, but to take a stab at what I think is happening is that it's using a behind the scenes multi sig that is held by the guardians, but I don't believe the guardians know the other key holder's identity so I believe it's actually pretty secure. I'm assuming Fedi itself is using the multisig behind the scenes to send funds outside the group. I'm getting the overall image of this being more of a checking account type wallet. Much more secure than a standard hot wallet, but not cold storage. Hopefully Jeff can jump in at some point and help break this down. I think because it's so early we wrestle with feeling comfortable with coins outside of cold storage and being held on a higher layer. I imagine the majority of the population won't bat an eye at something like this because they won't know any different by the time they adopt it. But for early adopters understanding cold storage and multisig this feels terrifying right now.

It's very forward thinking- the idea is that in the future potentially blockchain transactions will be heavily tracked. A bad actor be it a criminal, government, or criminal government could piece together who people/entities are and go after them & their coin. Fedi is a shield against this. John McAfee warned about this suggesting that this was a huge flaw in Bitcoin, but Jeff is solving this on layer 3. As someone that is educating others on Bitcoin, I need full confidence in what I'm talking about and recommending. I have so many questions I'm not sure where to start, but this looks like something I want to onboard everyone I know to.

What I love about Apple- whenever they introduce new hardware or software they just use their products on stage like you would normally on any given day. By the end of their presentation you've seen every new nook, cranny and feature of what they're releasing. Fedi could really use something like this. Jeff, I love you and your message. But until I see an easy to understand demonstration, even as someone on the bleeding edge of technology this feels out of reach. I understand its importance and why it exists. Are you implying that I leave cold storage behind entirely? Partially? I can transact outside the federation semi-privately? Is this a savings account, checking account or wallet in regards to holdings amount/security?