BREAKDOWN: Will DeFi Matter in a Post-Coronavirus World? Feat. Matt Luongo

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4.7 • 698 Ratings

🗓️ 3 April 2020

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt Luongo got his start in bitcoin in 2013. In 2016, he watched a pivotal moment where the sound money, digital gold narrative subsumed the payments use case for bitcoin. While he agreed, ultimately, with the important of bitcoin as a new reserve asset, he still wanted to build and found his way to Ethereum. Now his company is launching tBTC, a trust-minimized bridge between bitcoin and ethereum. Among other uses, it is a new solution to enabling bitcoin to be used as collateral in DeFi applications. In this conversation, Matt and @NLW discuss these narrative shifts, as well as what the role and narrative for DeFi might be in a post-Covid crisis world. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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1:03.7	Welcome back to the breakdowndown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.
1:07.1	The Breakdown is distributed by CoinDesk.
1:17.4	Welcome back to The Breakdown. It is Friday, April 3rd, and today I am talking with Matt Luongo.
1:22.8	Matt is the founder of Thesis, which is a company that has many companies underneath it.
1:29.3	Fold, many of you may know, as the Bitcoin Rewards Shopping App, Keep, which is a solution for keeping anonymous private data available to public blockchains, and most recently, TBTC, which is basically
1:36.1	a bridge between Bitcoin and Ethereum.
1:38.9	I wanted to talk with Matt about a few different things.
1:41.8	First, why Bitcoin on Ethereum? Why try to connect these
1:45.2	chains. Matt shares his journey from getting into Bitcoin in 2013, having a moment in 2016
1:52.4	where he was on the one hand really supportive of this narrative shift and focus on Bitcoin as
1:59.8	the base asset for a new financial system, right, a competitor
2:03.0	to central banks, while also understanding that for his payments-focused projects, there were
	...

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