The first generation of Bitcoin infrastructure answered one question.
How do I own Bitcoin?
The next generation may have to answer a much harder one.
How do multiple people own responsibility for the same Bitcoin without reintroducing trust?
That problem doesn't exist for an individual with a hardware wallet.
It appears when Bitcoin becomes organizational capital.
A treasury team.
An investment committee.
A DAO.
A foundation.
A custody provider.
Each participant has different responsibilities, different permissions and different incentives.
Traditional finance solved this with layers of administrators, paperwork and intermediaries.
Bitcoin was created to reduce dependence on trusted intermediaries.
The challenge is preserving that principle while introducing more sophisticated governance.
That's why I think Babylon's Trustless Bitcoin Vaults (TBV) are tackling an interesting infrastructure problem.
Not "How do we store Bitcoin?"
But:
"How do we coordinate control over Bitcoin without rebuilding the same trust assumptions Bitcoin was designed to remove?"
That distinction feels subtle today.
It may become fundamental as Bitcoin continues evolving from a personal asset into institutional infrastructure.
@BabylonLabs_io
#baby $BABY
How do I own Bitcoin?
The next generation may have to answer a much harder one.
How do multiple people own responsibility for the same Bitcoin without reintroducing trust?
That problem doesn't exist for an individual with a hardware wallet.
It appears when Bitcoin becomes organizational capital.
A treasury team.
An investment committee.
A DAO.
A foundation.
A custody provider.
Each participant has different responsibilities, different permissions and different incentives.
Traditional finance solved this with layers of administrators, paperwork and intermediaries.
Bitcoin was created to reduce dependence on trusted intermediaries.
The challenge is preserving that principle while introducing more sophisticated governance.
That's why I think Babylon's Trustless Bitcoin Vaults (TBV) are tackling an interesting infrastructure problem.
Not "How do we store Bitcoin?"
But:
"How do we coordinate control over Bitcoin without rebuilding the same trust assumptions Bitcoin was designed to remove?"
That distinction feels subtle today.
It may become fundamental as Bitcoin continues evolving from a personal asset into institutional infrastructure.
@BabylonLabs_io
#baby $BABY