BREAKDOWN: Will DeFi Matter in a Post-Coronavirus World? Feat. Matt Luongo
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 3 April 2020
⏱️ 36 minutes
🧾️ Download transcript
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.
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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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