This can be a transcribed excerpt of the “Bitcoin Journal Podcast,” hosted by P and Q. On this episode, they’re joined by Alyse Killeen to speak about what is occurring within the VC house in relation to Bitcoin and what hidden gems are ripe for funding proper now.
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Alyse Killeen: I am curious with a lot happening, the way you all take into consideration the vital issues to concentrate to within the innovation house. We talked a bit of bit about Swan’s acquisition, which is thrilling as a result of it is an organization that has maintained such a dedication to their group, so I’m excited to see them develop.
We talked about Taro and what that does for adoption. I’m wondering the way you all give it some thought. So from Stillmark’s perspective, simply to steer with a solution right here, from Stillmark’s perspective, what we love to do is take a look at the place the protocols are going after which to anticipate what which means for entrepreneurs and infrastructure and apps.
I gave the instance of speaking about seeing Segwit activate in 2017, and realizing what that meant for Lightning Community or for entrepreneurship and innovation in absent infrastructure that will be constructed on high of Lightning Community. So we see it in that form of progressive buildup, however I am curious out of your perspective, how issues rise to the highest of your listing when it comes to what’s vital and thrilling.
P: Man, that could be a incredible query. I am going to give my ideas and I would love to listen to Q’s as properly. I believe, as I discussed earlier, one of the vital vital challenges that we face within the Bitcoin house is the UX downside. How can we improve the typical particular person’s potential to undertake bitcoin?
Within the U.S., we have now a degree of economic privilege, on condition that we exist throughout the nation that’s at the moment the world’s reserve foreign money, however in so many different locations that isn’t the case. I believe applied sciences like Fedimint and issues that make it straightforward for individuals who aren’t curious about bitcoin for the broad causes that all of us are, to undertake it and instantly see these positives — folks which are working in oppressive monetary regimes, folks which are attempting to determine how they’ll preserve and persist the worth that they’ve earned over time and house as a result of they’ve actual, lived expertise of their governments confiscating that wealth. I believe these are probably the most attention-grabbing applied sciences to me.
Second, I might say applied sciences that permit us to extra successfully protect our monetary privateness and freedom in developed nations. We have been speaking quite a bit about CBDCs (central financial institution digital currencies). We talked yesterday with Natalie Smolinski, who’s gonna be testifying in a congressional listening to tomorrow about how CBDCs are a gross sales funnel for Devil.
I believe applied sciences that permit the typical particular person — who is not by default fixated on monetary privateness — applied sciences that permit them to undertake that basically simply and natively are gonna develop into increasingly more vital because the challenges that we face on the planet proceed to warmth up.
These are the issues which are most attention-grabbing to me.
Killeen: So P, I used to be simply going to say that we see issues equally right here, and what one of many issues that Stillmark does is take a look at how the expertise can be utilized to fulfill folks the place they’re when it comes to each adopting BTC, the asset, and Bitcoin, the protocol.
So I am gonna give an attention-grabbing instance of this, which is an organization that we pretty just lately invested in referred to as Pink Frog. And so what Pink Frog is admittedly, it is a recreation studio, however what they’ll do is they’ll combine Lightning Community with a view to present a greater group expertise for his or her avid gamers, and they’ll use sats as rewards within the recreation, and likewise rewards between customers.
We have seen that earlier than and possibly that is not attention-grabbing described in the best way that I simply laid it out, however this is the element that I believe actually makes it compelling and reveals an development within the Bitcoin ecosystem, broadly. This can be a workforce that isn’t coming from the Bitcoin perspective, however is coming from the gaming perspective.
So a workforce coming from King, which is likely one of the most prestigious studios and profitable studios within the gaming world, and it is the workforce that launched and grew Sweet Crush. And Sweet Crush is a recreation that has seen 100 million month-to-month energetic customers for instance of the adoption that this workforce has been in a position to obtain.
Now, what they did after they left King and launched Pink Frog is that they thought deeply in regards to the gaming expertise and the way it may very well be made higher for his or her avid gamers. And what they’re doing is that they’re taking a look at a younger millennial, a Gen Z viewers. So that they’re taking a look at just like the TikTok viewers they usually’re attempting to see how expertise or different types of improvements can interweave with what these avid gamers are on the lookout for.
So that they’re probably not attempting to drive bitcoin in, they’re figuring out Bitcoin as a strategy to serve a necessity and a need that they’ve noticed of their consumer base. And so it is actually thrilling to see the applied sciences be used on this means, which is simply to resolve issues or to supply some kind enjoyable response to a factor that individuals need.
And moderately than attempting to persuade those who they need bitcoin, it’s utilizing Bitcoin applied sciences to fulfill folks the place they’re and to combine with their lives or the best way that they are spending their time. Pink Frog is a pleasant, enjoyable instance of that. Then, going again to the very starting of our dialog, Taro was the intense software of that, the place after we launched Lightning Community in rising markets, and I am going to use El Salvador once more as the instance, we noticed that individuals actually wanted to be banked by way of Bitcoin and thru Lightning Community. They wanted to have the ability to have interaction with their area people and on-line, with out a debit or bank card, and actually that was Lightning Community for them. However BTC’s volatility was tough for folks of decrease socioeconomic standing. So Taro is available in to fulfill folks precisely the place they’re at and to supply an answer for one thing that they know they want, that are instruments to have interaction each of their native and within the international economic system.
What you are saying actually resonates with me as a result of I am enthusiastic about precisely the identical, which is the best way that Bitcoin can rise to a wide range of challenges that future customers have.
