1. Ben originally came to me at the pool when we were in Mexico and I agreed to join if he went ahead and tried to do it. Maybe 6 months later Ben and raised money and it was time to get going. I agreed because I loved the vision of trying to be a bitcoin only company that is trying to onboard the normies onto bitcoin. Today most normies are onboarded onto crypto through morrally corrupt places like coinbase, and the bitcoin only exchanges could be doing so much better, so we are gonna try and build the best one stop shop for bitcoin.
  2. All bens are fungible
  3. I think a lot of people will only ever use custodial bitcoin and that's okay. Bitcoin and Lightning will have a hard time scaling to 7+ billion people and getting everyone to manage channels + private keys will be really hard, it might be doable but a lot of people will opt for custodial bitcoin. I think this is okay because there is no longer regulatory hurdles to custody people's money so there won't be 10 banks there will be 1000s and only the best will survive.
How much time do you spend prepping for bit devs?
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Getting the topics for bitdevs is something I would be doing anyway, I try to read every mailing list post, go through various github projects and find interesing PRs, and look for interesting discussion on twitter and other platforms.
After we have our list the hard part is going back and re-reading everything to get caught up to speed. Normally this takes just a couple of hours, a lot of things are just repeats/extensions of things we've talked about before, so it's just the newer things (like a new soft fork proposal) that I have to spend time on try and understand, which normally just takes 1-2 reads of the mailing list post + discussions.
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