Bridger PenningtonFund Launch & Investment Expert

Funds Should Come with Checks and Balances

20 Jan 2023 · 0 min

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0:21

Bridger Pennington explains why crypto funds need multisig arrangements where three separate approvers must sign off before any trades or transfers happen. No single person can move money alone.

Typically with funds, you set up really good checks and balances. Yeah, it's like for my fund in crypto, no one can move money. We have to have 3 people approve any movement of money. Got it. I can't move a dollar. I can't make a trade. If you put a gun— if you put a gun to my head, I literally couldn't move a dollar. I have to get approvals from 2 other guys that live in different locations on different devices. So you put all these checks and balances in place.

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