Muneeb Ali on the Future of Bitcoin Building

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 29 December 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Circle and Kraken. Today’s guest is Muneeb Ali, CEO of Trust Machines and founder of Stacks. Find our guest on Twitter: @muneeb - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our holiday theme music is "Spike The Eggnog" by Two Dudes. Music behind our sponsors today is “Back To The End” by Strength To Last. Image credit: Namthip Muanthongthae/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

0:00.0	Can we have all these Ethereum Solana like applications built directly on top of Bitcoin?
0:06.0	That's the core thing and that sounds simple, but doing it is actually much, much harder,
0:11.0	because you need to figure out how to trustlessly move PTC from the main Bitcoin layer
0:17.0	into the smart contract layer and then back.
0:25.9	Welcome back to The Breakdown with me, NLW.
0:31.8	It's a daily podcast on macro, Bitcoin, and the big-picture power shifts remaking our world.
0:38.4	The breakdown is sponsored by nexo.io, Circle, and Cracken, and produced and distributed by CoinDesk.
0:47.9	What's going on, guys? It is Thursday, December 29th, and today my guest is Munib Ali, the CEO of Trust Pilots. Before we get into that, however, if you're enjoying the breakdown, please go
0:51.9	subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord.
0:58.2	You can find a link in the show notes or go to bit.ly slash breakdown pod.
1:02.1	All right, guys, so as I mentioned, today my guest is Munib Ali.
1:06.4	Munib is a founder of Stacks, which has spent the last few years trying to build a Bitcoin layer for smart contracts.
1:12.2	Mnib is also the CEO of Trust Machines, which builds applications on that Stax Bitcoin
1:16.2	DeFi layer.
1:17.3	In our conversation today, we discuss where Stacks and Trust Machines came from,
1:21.2	Bitcoin is a base layer for truly decentralized finance, historical shifts in Bitcoin
1:25.7	or community attitudes, and much, much more.
1:28.4	This is a great conversation, and I hope you enjoy it as much as I did.
1:32.7	All right, Muneb, welcome back to the breakdown.
1:35.5	How are you, sir?
1:36.8	I am doing good.
1:37.9	How are you?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.