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.\u00a0\u00a0<\/p>\n
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Crypto.com<\/a>: https:\/\/crypto.com\/<\/a><\/p>\n Kraken: https:\/\/www.kraken.com<\/a><\/p>\n Episode links:\u00a0<\/p>\n Matt Luongo: https:\/\/twitter.com\/mhluongo<\/a><\/p>\n Thesis: https:\/\/thesis.co\/<\/a><\/p>\n Keep: https:\/\/keep.network\/<\/a><\/p>\n Fold App: https:\/\/foldapp.com\/<\/a><\/p>\n tBTC white paper: https:\/\/docs.keep.network\/tbtc\/index.pdf<\/a><\/p>\n Initial reveal: https:\/\/twitter.com\/mhluongo\/status\/1162481737525583873?s=20<\/a><\/p>\n Announcement on Keep blog: https:\/\/blog.keep.network\/bridging-bitcoin-and-ethereum-b2f9923630a7?gi=5c9040ed3a72<\/a><\/p>\n Some criticism of tBTC: https:\/\/twitter.com\/peterktodd\/status\/1162728205607985152?s=20<\/a><\/p>\n Matt on the Breakdown podcast: https:\/\/www.coindesk.com\/will-defi-matter-in-a-post-coronavirus-world-feat-matt-luongo<\/a><\/p>\n Matt on Sendwyre podcast: https:\/\/blog.sendwyre.com\/announcing-tbtc-with-james-prestwich-and-matt-luongo-of-cross-chain-group-c424e2b0b40c?gi=d1e8b53ca80e<\/a><\/p>\n How tBTC works: https:\/\/defipulse.com\/blog\/what-is-tbtc\/<\/a><\/p>\n The Block on tBTC: https:\/\/www.theblockcrypto.com\/daily\/55284\/inside-tbtc-the-bitcoin-backed-erc-20-token-that-could-go-live-in-march<\/a><\/p>\n Keep raises $7.7 million: https:\/\/www.forbes.com\/sites\/justinoconnell\/2020\/04\/03\/coinbase-co-founder-invests-in-project-to-bridge-bitcoin-and-ethereum\/#368a6f737df4<\/a><\/p>\n<\/p>\n Learn more about your ad choices. Visit megaphone.fm\/adchoices<\/a><\/p>\n\n