In this episode, Austin chats with Matt Luongo (Thesis) about the role of decentralized custodial solutions for Bitcoin such as Threshold's tBTC. Beyond the technical details of how tBTC works and what its holders can do, the conversation often digresses into Bitcoiner views of the world in the context of a crypto industry now dominated by smart contracts. What should the role of BTC be in DeFi? What are the cultural implications of the flippening if it happens too early? How will the BTC network remain "relevant" for decades to come? Austin and Matt exchange views on these questions and more.