News by Coingeek: Charles Miller
With his RelayX ‘superwallet’, Jack Liu is making the passage from the existing money world into Bitcoin as painless as possible – and ideally, invisible altogether. By integrating with mainstream products like WeChat and Alipay, RelayX sidesteps the usual off-putting signup procedures that deter countless potential users from entering the Bitcoin ecosystem.
And having got people onboard, Jack’s new venture, the CambrianSV Bootcamp, is all about encouraging entrepreneurs to provide new Bitcoin users with services which bring the Bitcoin world to life – new apps, products and services, all generating blockchain transactions. And that has the spinoff benefit of making mining BSV more profitable and therefore ensuring the security and continuity of the mining network.
So how can the work of Bitcoin entrepreneurs be made easier? Well, Jack says it’s partly a question of creating standardised tools on which new products can be built: “it’s just going to get a lot more efficient. We’re going to have some common protocols on the blockchain that define [things like] location, value, content …You can have every single Internet 2.0 application be baked into the protocol level. And then every single application is a surface.”
That means it will be easy for anyone to set up a new brand that accesses existing data on the BSV blockchain. For the user, the choice between services may be as superficial as a preference for one UX design over another, because the underlying data will be the same.
If BSV services are going to be easier to create than current online businesses, that should allow a much wider range of people to set up as business owners – without the multiple skills that have traditionally been needed: “previously,” Jack says, “if you wanted to build technology, you also had to learn how to do public speaking, to be able to face down the VC [venture capitalist] who’s giving you a bad term sheet …to become a manager of people”.
BSV will allow people with creativity, but not necessarily the traditional skills of entrepreneurs, to create “niche applications” because “being niche, being different is going to be valued”. The consequence of this movement will be to “reverse our society back to an age where they were bakers and different shops at the street level – you’re going to see that on the technology level, and that’s going to make the Internet so much more interesting.”