Bitcoin as Industrial Plumbing Explained in the Brittany Bitz Podcast

CoinGeek’s Alex Moon joined Brittany Faslun on the Brittany Bitz podcast to discuss Bitcoin SV, blockchain entrepreneurship, and the grand vision of Bitcoin as a global network.

How to get people to think in more entrepreneurial terms?

Faslun begins the conversation by asking Moon how we can get people at BSV to think more commercially.

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Moon answers without hesitation that “BSV is the plumbing.” He thinks this is a key concept that others can understand. Additionally, he believes that people should think about how they will change the world and why they exist, noting that this is what people really believe in.

Moon mentions legendary marketing philosopher Simon Sinek and his concept of the golden circle. Sinek talks about why, how and what as the key stages of product development, not what, how and why as the order in which most entrepreneurs tackle them. He says CoinGeek has approached things this way, first understanding the why before moving on to the how and what, and encourages other BSV entrepreneurs to focus on how they communicate this to attract and retain customers.

Faslun asks Moon if people involved in BSV should stop talking about why it’s better and just show it. He replies that talking about why it’s better has its place in certain contexts, but that ultimately just using it and showing how it works is the right way. He points out that it is an installation, similar to the TCP/IP protocol he uses to communicate with Faslun in the podcast.

Giving examples of great apps that work with BSV, Moon mentions Haste Arcade, La Mint, TonicPow, and Genuine Retweets. Bitcoin powers them, but customers don’t need to know about it. “They’re just great apps,” Moon says, driving the message home.

How does BSV improve different industries and enable them to provide the services we need?

Moon answers this question by saying that it depends on the stakes of the respective industry. Citing an example of marketing that is close to him, he notes that the problem is improving traditional marketing platforms. He says that without third-party integrations, marketers will face spam, bots and competitors clicking on links to drain competitors’ budgets. What’s more, he points out that big platforms like Facebook and Twitter have no real incentive to stop it because they derive revenue from it. He points out ToincPow as a one-stop solution to those problems.

In short, Moon says that regardless of the industry, the question is “how can it be improved by simple and fast data transfer?” » powers micro and nano payments, allowing users to audit and verify results.

What will BSV look like? 5 years from now? How will we get there?

Faslun is curious to hear Moon’s thoughts on what BSV will look like in five years compared to today and how we will achieve it.

“Five years from now, I want to be talking about blockchain stuff,” Moon replies. It points to IPv6 and all the potential use cases it, combined with Bitcoin, enables. However, he sees changing the mentality of Internet users as a challenge. They are currently paying with their time and data to use platforms like Instagram, and many don’t know and don’t care.

Moon admits he doesn’t know how things will be in five years. He thinks it could be the most accepted technology in the world, or it could still languish where it is now, struggling to discover the truth.

“It’s about finding solutions to problems,” he emphasizes, again saying that people in certain industries will be able to better understand the problems they face and how solutions using Bitcoin can solve them. For example, he says, artists could use NFTs to provide customers with unique experiences and benefits that aren’t available to viewers who watch the show on YouTube or through other traditional means. Another example would be paying for content on demand instead of paying for monthly packages full of content that a particular user may never watch.

Faslun speculates that some developers with potentially game-changing ideas might think it’s too early for the game, and she asked Moon if he agreed. He responds that those who have an idea should go for it, saying that if they make a legitimately great product that solves problems, there will be a market for it. However, he says that in some cases, clients may need to be educated to some degree about bitcoin; it all depends on the nature of the product. Addressing those who had an idea and perhaps waited too long, Moon reminds them that Windows was not the first to release an operating system, but it still dominates much of computing today. “Improve it,” he says.

Instead of trying to communicate what Bitcoin can do or improve BSV’s image on social media, Moon advises entrepreneurs to talk about what their Bitcoin-based business can do for customers. He says there are more than a few such companies quietly doing things on social media, making deals with clients who need their solutions.

Focus on how you want to communicate with your target audience and customers. Everyone in the BSV ecosystem will support and defend you wherever you go, as long as you do things the right way and have the right beliefs, because we believe this technology is changing the world, Moon noted.

How do you deal with people who think BSV is great but want to use it in the real world?

Faslun highlights a critical problem with digital currencies in general, including BSV. She notes that many people think the technology is great, but wish they could use it in the real world. She wonders how we can solve this problem.

Moon says he has a simple solution, and it’s called CentBee. He points out that purchasing coupons for real-world businesses can enable the purchase of real-world goods using Bitcoin. He notes that most people buy digital currencies because they want dollars, but our job is to show people how they can use Bitcoin in the same way as fixed currencies. It involves teaching people who in turn can teach others, creating a snowball effect.

Continuing the problem-solving theme, Moon asks Faslun to imagine where micropayments might be most useful. He notes that earning less than a penny is not very exciting to Westerners, but many people might get excited by earning fractions of a penny.

Similarly, Moon focuses on merchants, noting that payment processors charge transaction fees for each payment, and these are almost certainly higher than Bitcoin SV fees. These costs add up, especially when it comes to more expensive items like computers. Faslun can understand that he owns a local retail business with his mother and pays more than 3% on every transaction.

Is Bitcoin Really Necessary?

Faslun points to Ryan X Charles’ recent comments when he left the BSV ecosystem, saying he no longer believes Bitcoin is necessary and that most of the problems he aims to solve have already been solved by companies like Stripe. She asks Moon for his opinion on this.

Moon begins by saying it’s a shame Charles is gone, but doesn’t think he sees things from a “10,000-foot global perspective.” He reminds Faslun that people in the Western world are privileged because they can easily open bank accounts, get the necessary documents and get records. He believes that Bitcoin can most help people who do not have these privileges. He hopes that Charles will eventually come back, realizing his mistake.

See: BSV Global Blockchain Convention Presentation, Facilitating Blockchain for Real-World Use

New to Bitcoin? Discover CoinGeek bitcoin for beginners section, the ultimate resource guide for learning more about bitcoin – as originally envisioned by Satoshi Nakamoto – and the blockchain.

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