VIDEO: Product design and Bitcoin, with Coinbits

Bitcoin was first launched in 2009, just 14 years ago. That means all Bitcoin companies are also fairly new, as the infrastructure—blockchain explorers, exchanges, and so on—is even newer than 2009, with no such companies or products existing when Satoshi Nakamoto mined the Genesis block that January afternoon.

One of those companies is Coinbits, the bitcoin-first app that claims to be the first bitcoin-only exchange. This week on the Invezz podcast, I spoke with Dave Birnbaum, Director of Product, about what it’s like to work on the design side of Bitcoin.

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Dave described his journey through Silicon Valley and down many different paths in the tech world, before finally coming across Bitcoin. First paid in the new cryptocurrency back in 2013 to work on a website back in 2013, he thought little of it. Fast forward to 2016, but Dave started to get more and more into it, before studying it in depth during the pandemic.

Today he works for Coinbits. The app has pushed the idea of ​​dollar cost averaging hard, and their “round-up” feature has proven popular with users. This allows for rounding up purchases, with the rounding amount invested in Bitcoin, thus allowing users to buy Bitcoin incrementally. Dave talks about how this has driven the use of the app, and how the platform has evolved since its inception.

Of course, the bear market is an inevitable topic. While prices have rebounded in the last quarter, many companies are still struggling in the industry, with layoffs common over the past year and volumes depressed across the industry. I asked Dave about working in such a volatile industry and how this has carried over to Coinbits.

A variety of topics were touched on, but more than anyone Dave gave his thoughts on product design and Bitcoin – how he got into it, where he thinks it’s going, what advice he would give to anyone thinking of working in the space, and more.

Continue the conversation on Twitter with @InvezzPortal, @DanniiAshmore and @CoinbitsApp. Or visit coinbits.app for more information. Follow Dave on LinkedIn and Twitter.

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