Why TBD's Mike Brock Is Skeptical That Decentralized Applications Will Become Popular - Ep.337

Unchained

Laura Shin

News, Business News, Tech News

4.6 • 1.3K Ratings

🗓️ 5 April 2022

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Brock, general manager of TBD at Block, discusses how TBD’s yet-to-be-released DEX is structured, explains why he thinks decentralized solutions do not necessarily need blockchains, and tells the humorous story about how Jack Dorsey convinced him to start working on a Bitcoin project. Show highlights: what TBD is and what its relation to Block (formerly Square) is how TBD differs from Spiral, another Block-based Bitcoin firm how tbDEX works and why building on-ramps and off-ramps to crypto is so important who will be supplying the liquidity for tbDEX why Mike is passionate about creating digital identity infrastructure how tbDEX will incorporate digital identity tooling into its protocol what Mike thinks about Vitalik Buterin’s misgivings concerning tbDEX’s design why Mike fell down the rabbit hole (thanks Jack Dorsey) what lessons Mike learned at CashApp that he is using at TBD which stablecoin TBD will be working with why Mike is not a believer in DeFi why tbDEX (or, seemingly, other TBD products) will not utilize tokens Thank you to our sponsors! Crypto.com: https://crypto.onelink.me/J9Lg/unconfirmedcardearnfeb2021 Beefy Finance: https://beefy.finance Cross River Bank: https://crossriver.com/crypto Galaxis: https://galaxis.xyz/ Episode Links Mike Brock Twitter; https://twitter.com/brockm LinkedIn: https://www.linkedin.com/in/mike-brock-9030813/ Introduction to TBD: https://twitter.com/brockm/status/1415795490914856961 TBD Twitter: https://twitter.com/tbd54566975?lang=en GitHub: https://github.com/TBD54566975/tbdex-whitepaper Whitepaper https://tbd54566975.ghost.io/introducing-tbdex/ https://tbdex.io/whitepaper.pdf Careers: https://block.xyz/careers?search=tbd Other Origin of name: https://twitter.com/TBD54566975/status/1424818221652324355 Vitalik’s reticence: https://cryptopotato.com/vitalik-buterin-tells-how-jack-dorseys-tbd-might-build-the-bitcoin-dex/ Other Topics Spiral (lightning development). Brock helped set up Spiral. Twitter: https://twitter.com/spiralbtc Website: https://spiral.xyz/ CashApp Impressive BTC revenue: https://decrypt.co/93793/block-bitcoin-earnings-cash-app-hit-nearly-2-billion-q4 Lightning network: https://blockworks.co/cash-app-integrates-lightning-network-for-bitcoin-payments/ Aaron Levie https://twitter.com/levie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi, everyone. Welcome to Unchained, your no-hive resource for all things crypto. I'm your host,
0:09.2	Laura Shin, author of the Crypto Beans. I started coming crypto six years ago and as a senior
0:15.2	editor at Forbes was the first mainstream media reporter to cover cryptocurrency full-time.
0:20.0	This is the April 5, 2022 episode of Unchained.
0:24.8	Welcome to a new world of crypto-friendly banking with Cross River Bank.
0:29.3	Request your Fiat on Off-Ramp solution now at CrossRiver.com slash crypto.
0:36.2	GalExis create unstoppable communities by issuing NFTs with interactive dynamic utility
0:43.5	traits that allow any creator to engage with, reward, and monetize their following.
0:50.3	Buy, earn, and spend crypto on the Crypto.com app. New users can enjoy zero credit card fees
0:56.4	on crypto purchases in the first 30 days. Download the Crypto.com app and get $25 with the code
1:03.3	Laura. Link in the description. This episode of Unchained is brought to you by Beafy Finance,
1:10.7	the multi-chain yield optimizer. Beafy is the easiest way to earn more from your crypto.
1:17.2	Deposit funds into Beafy's secure vaults to auto compound yields across 12 blockchains.
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1:26.4	Today's guest is Mike Brock, General Manager of TBD at Block, formerly known as Square.
1:32.4	Welcome Mike. Thanks for having me. Super happy to be here.
1:37.5	Let's start with some basics. Obviously, Square slash block has undergone some big changes
1:43.2	in the last year, but many of them are more just announced as opposed to fully realized.
1:49.3	Can you give us the full context of what TBD is and why it is that Square decided to launch
1:55.9	this new initiative? Yeah, TBD is our newest business unit at the company,
2:02.8	which sits alongside our, I guess you could say, I don't like, I don't want to say like a
2:08.2	business, it's probably too strong over it, but CashApp, Square, and our second most newest
	...

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