S8 Special: Max Hillebrand on Wasabi Wallet, Hardware Wallets, Privacy & Anarchy

Wasabi works great with almost every hardware wallet on the market – and Max Hillebrand is the man who is responsible for pushing for this integration to be made. Today, you can benefit from the main BIP39 features of your Trezor, BitBox02, Ledger Nano S/X, Cobo Vault, or Coldcard Mk3 from Wasabi wallet’s privacy-friendly dashboard.

Your internet connection gets routed via Tor, the wallet automatically uses the full Bitcoin node that you’re running in the background (or else downloads block filters to your computer to make sure you don’t trust somebody else’s node with your transaction data), and the interface makes it easy for you to manage UTXOs.

But Max Hillebrand didn’t join the show for the second time only to state these well-known facts. And even when he did, he attributed Bitcoin Core developer Andrew Chow with the merit of creating the HWI integration – while Hillebrand merely saw the code’s potential to improve Wasabi.

He talks about the power of open source software, how CoinJoins can be improved, and which significant upgrades we should expect from the upcoming version 2.0 of the Wasabi wallet.

The future of Bitcoin development is likewise significant in the context, and Max Hillebrand takes the time to praise Ruber Somsen’s efforts to create Statechains, while also explaining that sidechains really are the future.

Just like every other episode in season 8, this piece is sponsored by Wasabi. But in order to better explain what the wallet does and what we should be looking forward to, I have decided to invite Max. This participation can be regarded as a continuation of our previous dialogue from S6 E6, as we extend on the breakthroughs that have happened in the meantime.

Listen to Max Hillebrand on Apple Podcasts and Spotify!

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This Episode is Sponsored by Vaultoro and Wasabi Wallet!

Want to learn more about the values of the two companies? I have recorded episodes with both Joshua Scigala (Vaultoro CEO) and Nopara73 (Wasabi Wallet creator).

If you would like to support the show and you’re into trading hard money like bitcoin, gold, and silver, then sign up to Vaultoro using my referral link. Vaultoro will help you forget about shitcoins and focus on sound money. They also allow you topick up your gold bars or have them shipped to your address, so you don’t have to trust any custodian with your money. Keep in mind that you are responsible for your own decisions and I am not providing you financial advice.

And if you would like to increase your network and transaction privacy, you should download Wasabi Wallet on your computer. It routes your connection through the Tor network to hide your IP, it downloads block filters so you validate your own transactions locally without appealing to a trusted third party, and it also connects to your own full node to boost your financial sovereignty. Wasabi is best known for its link-breaking CoinJoins, which are giving a hard time even to the EuroPol. Use the wallet to increase your financial sovereignty, but don’t do any illegal stuff – use your financial sovereignty with responsibility (also read the Wasabi terms of service).

Interview Time Stamps:

0:00 – Intro

03:07 – Trends happening in the hardware wallet market (Tropic Square open source chips + DIY hardware wallets)

07:57 – Using Wasabi Wallet with your hardware wallet

09:00 – Andrew Chow’s HWI integration

12:10 – Every hardware wallet should work with Wasabi

17:03 – The power of open source

19:59 – When will Wasabi users be able to CoinJoin from their hardware wallets?

23:39 – Why CoinJoins are largely misunderstood

30:50 – What should we expect from Wasabi 2.0?

41:11 – Mistakes you shouldn’t make after doing CoinJoins

48:32 – After how many transactions do exchanges stop caring about previous CoinJoins?

50:45 – Fragmentation 

56:11 – The future of Bitcoin privacy

1:02:27 – Statechains by Ruben Somersen 

1:05:00 – Sidechains are the real decentralized exchanges

1:10:10 – Maintaining the base layer security after sidechains make everything cheaper, faster, and more private

1:12:03 – The true conviction of Bitcoin users and developers

1:17:44 – Misconceptions about bitcoiners’ wealth and how education works

1:19:45 – “We are here building money, but we are not really in it for the money”

1:25:00 – Defining anarchy

1:28:00 – Hyping season 9 of Bitcoin Takeover Podcast and explaining the philosophy of Bitcoin

1:35:30 – The vices of bitcoin riches

1:38:40 – How bitcoin lowers your time preference

1:41:54 – Bitcoin is bullish even when it dumps

1:46:27 – Max’s work and Socratic seminars

Vlad Costea

I'm here for the freedom, censorship-resistance, and unconfiscatability. What about you?

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