CoinGeek Weekly Livestream Episode 19: Bringing Applications to the New World of Blockchain
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In this episode of the CoinGeek Weekly Livestream, Kurt Wuckert Jr. talks. with Ty Everett from Project Babbage about building applications at BSV, what Project Babbage is and Bitcoin’s viral moment.
Everett’s recent call to action
Wuckert begins by thanking Everett for his recent video calling the BSV industry to action. He wonders what inspired him to come up with such a message.
Everett replies that he intended to inspire people to think about their customers and who they can best serve. He admits he doesn’t know who these people are, but he hopes they took inspiration from the video.
Wuckert agrees that the customer focus has been somewhat lost in the industry and points out that Jeff Bezos, one of the most successful entrepreneurs of all time, is known for his customer obsession. Clearly, it’s a strategy that works.
Everett says businesses and the entrepreneurs who run them need to find their “why” and stick with it. For example, in the BSV economy, there may be a challenge to the existing financial system, data barons or other entrenched interests. He points out that those who agree with your values and need or want to use your solutions are your customers.
A viewer then asks a somewhat philosophical question: what is competition in business? Everett replies that it’s trying to convince a customer that you can solve more of their problems than the other guy. He says this is good because it ensures that problems are solved competently.
What is Project Babbage?
Wuckert asks Everett for his elevator pitch about what Project Babbage is and what it’s all about.
Everett says the mission is to make it 10x faster and easier for app developers to create experiences for customers that put them in control. Examples include eliminating passwords, controlling identity, using micropayments, etc. They will use Metanet and the BSV blockchain to build these apps, and Babbage wants to make the process easier, faster and cheaper. By doing that, we get to the much talked about killer app faster, he says.
What is it about Charles Babbage that Everett respects so much that he would name his company after him? He tells us that before Babbage computing was done by humans and the idea that it could be mechanized was absurd. He respects Babbage’s audacity and sees the vision for BSV as equally bold. Computing started with Babbage, and BSV completed it.
The explosion in AI and the viral moment for Bitcoin
Looking at the recent explosion in AI, Everett reminds us that developing something like ChatGPT was a very slow, incremental process. He thinks Bitcoin could take off in the same way, shocking many outsiders who think it’s something new because they weren’t in the weeds doing the work behind the scenes.
Wuckert asks Everett what he thinks the viral moment looks like for Bitcoin. He says we want to see a lot of apps using it in a lot of different ways, but if a company like Google (NASDAQ: GOOGL ) implemented it for search, YouTube, Gmail or other apps, it would take off. Likewise, if AT&T decides that a robocaller has to pay 1/10th to contact someone for the first time, it will. He doesn’t think it will be sudden with a single viral moment, but will gradually be integrated into apps, adjusting incentives in the process.
Wuckert agrees with this idea, noting that the best option for mass adoption is to get existing companies like Google to buy BSV-powered solutions and integrate them into their services. This gives the technology an immediate network effect that reaches over a billion users.
BRC and open standards
One of the initiatives Everett is involved in is OpenStandards.cash. It is designed to facilitate collaboration and standardization related to Bitcoin technology.
How does this fit into the perceived hierarchy in BSV? “It’s just a place where people can go to talk about things,” says Everett. Anyone can contribute as long as their ideas make sense. Each document will be assigned a BRC number and can be discussed from there. Some will be adopted, and some will not, but all proposals will be considered.
CoinGeek Talks With Ty Everett: Users Will See A Better Internet
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