Welcome back to The Breakdown, an everyday analysis breaking down the most important stories in Bitcoin, crypto, and beyond, with your host, NLW.

The Breakdown is distributed by CoinDesk.

Welcome back to The Breakdown.

It is Friday, April 3rd, and today I am talking with Matt Luongo.

Matt is the founder of Thesis, which is a company that has many companies underneath it.

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 a bridge between Bitcoin and Ethereum.

I wanted to talk with Matt about a few different things.

First, why Bitcoin on Ethereum?

Why try to connect these chains his journey from getting into Bitcoin in 2013, having a moment in 2016 where he was on the

one hand really supportive of this narrative shift and focus on Bitcoin as the base asset for a new financial system, right,

a competitor to central banks, while also understanding that for his payments-focused projects,

there were going to be tradeoffs that maybe weren't the best for him.

That led him to Ethereum.

And so we get into the history of Bitcoin on Ethereum and things like that.

So that's one part of our conversation.

Another part of our conversation has to do with just how Bitcoin as an asset and Ethereum as a

technology can transform the entire financial system. Matt uses this analogy of Bitcoin as

attacking central banks and Ethereum as creating opportunities to go after retail banks,

which is interesting. And finally, we talk about something that I've been thinking about a lot

for anybody who listened to Monday's episode know what the narrative is for Defi in a post-coronavirus

...