Intro

This chapter kicks off the episode with a warm welcome and an introduction to the new TBTC project in the cryptocurrency space. The host highlights the need for listeners to subscribe for updates while discussing the current market dynamics and an exciting promo from Crypto.com.

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Episode notes

Matt Luongo, CEO of Thesis, the parent company of Fold and Keep, describes the just-launched tBTC, his plan for a censorship-resistant Bitcoin-Ethereum bridge. He explains his personal reasons for wanting such a platform, why tBTC is different from other versions of Bitcoin on Ethereum, and how it works -- including the process of becoming a signer in minting tBTC, how the system will handle crises, the reason for high collateralization levels, why staking assets are limited, and the necessity of a work token, Keep. He also discusses the economics behind tBTC-backed tBTC, his vision for DeFi, how tBTC could buffer an ETH crash, and the reasoning behind minimal governance mechanisms -- playing into why institutions trust BTC more than ETH. Plus, he contrasts the Bitcoin and Ethereum communities and talks about the possibility of tBTC2.0.

Thank you to our sponsors!

Crypto.com: https://crypto.com/

Kraken: https://www.kraken.com

Episode links:

Matt Luongo: https://twitter.com/mhluongo

Thesis: https://thesis.co/

Keep: https://keep.network/

Fold App: https://foldapp.com/

tBTC white paper: https://docs.keep.network/tbtc/index.pdf

Initial reveal: https://twitter.com/mhluongo/status/1162481737525583873?s=20

Announcement on Keep blog: https://blog.keep.network/bridging-bitcoin-and-ethereum-b2f9923630a7?gi=5c9040ed3a72

Some criticism of tBTC: https://twitter.com/peterktodd/status/1162728205607985152?s=20