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episode 15: Thomas Voegtlin About Creating the Electrum Wallet, Best Practices to Secure Your Funds and His Design Principles
Thomas Voegtlin was a researcher in computer science, specialized on machine learning and neural networks before he discovered Bitcoin at the end of 2010. He created the first versions of the Electrum wallet while experimenting with Bitcoin, because there were no secure and easy to use wallets in 2011. Electrum is one of the most popular bitcoin wallets today. Thomas Voegtlin announced and presented the implementation of Lightning payments into the wallet at the Lightning Hackdays in Munich in June 2019.
“Having a money system that is independent of credit, would stabilize the economy.” – Thomas Voegtlin
“It’s morally wrong to create a wallet software, that is not open source.” – Thomas Voegtlin
“I didn’t want to be famous, I just wanted to write a better wallet.” – Thomas Voegtlin
We discuss…
- Bitcoin in 2011
- why he is interested in Bitcoin
- why he created the Electrum wallet
- mybitcoin.com crash
- the positive feedback loop of the traditional financial system
- Open source, anonymity and trust
- Creating the Electrum company and it’s business modell
- Multisig wallet 2FA with Trusted Coin
- Phishing and DDoS Attack on Electrum
- How to choose and secure a wallet
- Differences between desktop and smartphone Electrum wallet
- Android without Google
- Designing principles
- Using Electrum as a payment service
- Implementing Lightning in Electrum
- Why people contribute
- bad reviews on Google Play
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