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TFTC: A Bitcoin Podcast

#624: Building the Bitcoin Banking Stack with Adam Back and Sean Bill

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 27 May 2025

⏱️ 95 minutes

🧾️ Download transcript

Summary

Marty sits down with Adam Back (CEO of Blockstream) and Sean Bill (CIO at Blockstream) to discuss institutional Bitcoin adoption, the evolution from cypherpunk ideals to financial infrastructure, pension fund investment strategies, the emergence of Bitcoin-collateralized lending products, and the development of second-layer solutions like Lightning Network and Liquid that are building the foundation for a Bitcoin-native banking system.

Adam Back on Twitter: https://x.com/adam3us

Sean Bill on Twitter: https://x.com/macrocrunch

Blockstream: https://blockstream.com/

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Transcript

Click on a timestamp to play from that location

0:00.0

You've had a dynamic where money has become freer than free.

0:10.0

If you talk about a Fed just gone nuts, all the central banks going nuts.

0:16.0

So it's all acting like safe haven.

0:18.0

I believe that in a world where central bankers are tripping over themselves to devalue their

0:23.5

currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.

0:29.2

I mean, that's part of the bold case for Bitcoin.

0:31.8

If you're not paying attention, you probably should be.

0:36.8

Gentlemen, thank you for joining me.

0:38.4

Of course.

0:39.0

Thanks for everyone's on.

0:40.2

Adam, I was just saying I'm woefully embarrassed.

0:42.9

This podcast is almost eight years old, and this is your first time on the show.

0:46.3

Oh, okay.

0:47.6

This is, but it's an exciting time.

0:50.1

Yeah, and you really dedicated to podcast.

0:54.5

It's been a lot of years, a lot of episodes, right?

0:56.2

It has been.

0:56.8

Cool.

0:57.6

I think we're approaching 700, which is crazy to think.

1:00.1

Wow, that is impressive.

1:01.5

The, uh, no, we were talking about we had a new all-time high today.

1:06.2

Yeah, Bitcoin doing Bitcoin things, just as we were on stage at the talking hedge

...

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