Unchained Why TBD's Mike Brock Is Skeptical That Decentralized Applications Will Become Popular - Ep.337
Apr 5, 2022
Mike Brock, General Manager at TBD, dives into the world of decentralized finance, sharing his skepticism about the popularity of decentralized applications. He details how TBD's DEX will operate without relying on traditional blockchains and the importance of building crypto on-ramps. Brock recounts his humorous recruitment story by Jack Dorsey and discusses his journey into Bitcoin. He emphasizes the vital role of digital identity infrastructure and explains why TBD won't utilize tokens, instead focusing on efficiency and liquidity.
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Bitcoin's Entry into Cash App
- Jack Dorsey, Block's CEO, wanted Mike Brock to work on Bitcoin during a hack week.
- Dorsey's persistence, including camping by Brock's desk, convinced Brock to explore Bitcoin, leading to its integration into Cash App.
Epiphany on Bitcoin
- Brock's initial skepticism towards Bitcoin shifted when he realized its potential to solve financial access issues.
- Bitcoin, as a rebuilt payment system, addresses inherent limitations and incentive structures of traditional finance.
TBDex's Goal
- TBDex aims to create a decentralized liquidity network connecting fiat and crypto.
- The protocol facilitates direct peer-to-peer negotiations for asset exchange.