It is 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 going on within the VC house in relation to Bitcoin and what hidden gems are ripe for funding proper now.
Hear To The Episode Right here:
Alyse Killeen: I am curious with a lot happening, the way you all take into consideration the essential issues to concentrate to within the innovation house. We talked somewhat 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 ponder 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 record by way of what’s essential and thrilling.
P: Man, that could be a incredible query. I will give my ideas and I would love to listen to Q’s as properly. I believe, as I discussed earlier, some of the vital challenges that we face within the Bitcoin house is the UX drawback. How can we enhance the common particular person’s potential to undertake bitcoin?
Within the U.S., we now have a degree of monetary privilege, provided that we exist inside the nation that’s at the moment the world’s reserve foreign money, however in so many different locations that’s not the case. I believe applied sciences like Fedimint and issues that make it simple 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 — individuals which might be working in oppressive monetary regimes, individuals which might be making an attempt to determine how they will 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 essentially the most attention-grabbing applied sciences to me.
Second, I might say applied sciences that enable us to extra successfully protect our monetary privateness and freedom in developed international locations. We have been speaking so much 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 enable the common particular person — who is not by default fixated on monetary privateness — applied sciences that enable them to undertake that basically simply and natively are gonna change into an increasing number of essential because the challenges that we face on the earth proceed to warmth up.
These are the issues which might be 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 satisfy individuals the place they’re by way of 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 lately invested in known 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 as a way to present a greater group expertise for his or her players, and they’ll use sats as rewards within the recreation, and in addition rewards between customers.
We have seen that earlier than and possibly that is not attention-grabbing described in the way in which that I simply laid it out, however this is the element that I believe actually makes it compelling and exhibits an development within the Bitcoin ecosystem, broadly. It is a crew that’s not coming from the Bitcoin perspective, however is coming from the gaming perspective.
So a crew coming from King, which is among the most prestigious studios and profitable studios within the gaming world, and it is the crew that launched and grew Sweet Crush. And Sweet Crush is a recreation that has seen 100 million month-to-month energetic customers for example of the adoption that this crew has been capable of obtain.
Now, what they did once they left King and launched Pink Frog is that they thought deeply concerning the gaming expertise and the way it could possibly be made higher for his or her players. And what they’re doing is that they’re a younger millennial, a Gen Z viewers. In order that they’re just like the TikTok viewers and so they’re making an attempt to see how expertise or different kinds of improvements can interweave with what these players are in search of.
In order that they’re probably not making an attempt to power bitcoin in, they’re figuring out Bitcoin as a option to serve a necessity and a need that they’ve noticed of their person 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 folks need.
And moderately than making an attempt to persuade those that they need bitcoin, it’s utilizing Bitcoin applied sciences to satisfy individuals the place they’re and to combine with their lives or the way in which 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 once we launched Lightning Community in rising markets, and I will use El Salvador once more as the instance, we noticed that folks actually wanted to be banked by Bitcoin and thru Lightning Community. They wanted to have the ability to have interaction with their area people and on-line, and not using a debit or bank card, and actually that was Lightning Community for them. However BTC’s volatility was troublesome for individuals of decrease socioeconomic standing. So Taro is available in to satisfy individuals 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 financial system.
What you are saying actually resonates with me as a result of I am enthusiastic about precisely the identical, which is the way in which that Bitcoin can rise to quite a lot of challenges that future customers have.