NO CUSTODY. EVER. Max Kei explains Debifi’s multisig setup, why private keys matter for both borrower and lender, and why trust is harder to rebuild than privacy. He breaks down what’s coming: KYC vs non-KYC, institutions “reaching out,” the one principle he won’t compromise on: custody and much more.

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TIME STAMPS:

00:00 Introduction

01:12 Time to go deeper

02:44 Governments in a decentralized world

03:50 Money isn’t misunderstood… it’s manipulated

06:08 The underrated Bitcoin feature nobody talks about

07:28 The inevitable KYC vs non-KYC split

08:17 A surprising divide: SoV vs MoE

08:58 What is DebiFi, and why did you build it?

11:08 Private keys protecting both borrower and lender

12:21 The cleanest multisig metaphor you’ll ever hear

13:32 The nightmare scenario

18:20 Non-custodial vs custodial: the tradeoff everyone ignores

25:57 “They’re reaching out now.” What changed?

28:56 From bottom-up to top-down adoption

33:39 Privacy vs trust

DISCLAIMER:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.

From Soviet Latvia to Bitcoin Legend: Max Kei (Debifi CEO, Hodl Hodl, Baltic Honeybadger) on 10 years of pure chaos, WW3 plans, Ordinals rage & only 1,031 Honeybadger tickets… The most unfiltered Bitcoin OG interview you’ll watch this year. What happens when a Soviet kid becomes one of the most respected Bitcoiners? From quitting a government university spot… to launching the conference that started the entire Bitcoin-only movement.

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We discuss:

-Block-size wars & Ordinals hate

-OP_RETURN drama & Samurai Wallet arrests

-WW3 survival (or lack thereof)

-2027 Honeybadger: exactly 1,031 tickets (10/31 whitepaper nod)

-Why Bitcoiners love drama

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Link to legendary Andreas chat HB 2017 https://youtu.be/w4uysldnzio

👇

Follow, like , subscribe and tap the bell to All in Bitcoin for more unfiltered conversations that go where others won’t. 🎧 Available on YouTube, Spotify, Apple, Nostr, and everywhere you listen: https://linktr.ee/allinbitcoin

👇

FOLLOW MAX'S WORK:

Nostr: npub1797h37mc98f6363m5nysxd0t2swuz7nxq4z83saw77em3czld6xqvuar68

Max on X: @keidunm

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Debifi on X: @debifi.com

https://debifi.com

Hodlhodl on X:@hodlhodl

Hodlhodl on Nostr: hodlhodl@nostr.hodlhodl.com https://hodlhodl.com

👇

FOLLOW CK & ALL IN BITCOIN:

Nostr: allinbitcoin@iris.to

X: @allinbitcoinpod

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TIME STAMPS:

0:00 – Cold open: “Everyone has a plan… until they get punched in the face”

1:19 – Welcome Max Kei – CEO Debifi, Baltic Honeybadger, Hodl Hodl

1:33 – Born while Latvia was still Soviet Union

2:17 – The very different dinner-table culture in Eastern Europe

3:28 – Wanted to be a lawyer… because of Hollywood movies

4:22 – The one piece of advice he’d give his younger self

5:04 – Walking away from a government-sponsored university spot

6:52 – Introvert or extrovert? His real answer

7:32 – The future scenario that actually keeps him awake (Bitcoin can’t fix this)

9:04 – His grandfather: homeschooling and the biggest influence

12:38 – Has he ever taken a single break from Bitcoin?

13:22 – How the Bitcoin community went from pure cypherpunk to institutions

14:44 – Block-size wars: where Max stood

15:03 – Unfiltered take on Ordinals, NFTs & OP_RETURN spam

16:02 – Why Bitcoiners are addicted to drama

18:31 – What makes a great partner

19:03 – WW3 survival plan… or why he has none

20:38 – The one Bitcoiner he respects above everyone

23:01 – Regrets after 10 years in Bitcoin?

23:58 – How long it really takes to earn Max’s trust

25:52 – Samurai Wallet arrests & jailing developers

27:08 – Baltic Honeybadger origin story begins

28:17 – Do Bitcoin-only events still matter in the ETF era?

29:02 – The total chaos of the 2017 first edition

30:03 – Who actually flew in

31:29 – When he realized Honeybadger had become a Bitcoin landmark

32:23 – 2027 bombshell: only 1,031 tickets (10/31 whitepaper tribute)

33:33 – Might stop forever after 2027 – the emotional reason

36:12 – How the crowd evolved from pure cypherpunk

37:53 – Unforgettable stage moments & the most legendary talk ever

42:47 – Dream 2027 lineup: Andreas return, Paolo, Jack Dorsey?

44:52 – The 1,031-ticket easter egg every Bitcoiner will lose their mind over

46:10 – Where to follow Max & Honeybadger news

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DISCLAIMER:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.