In last week’s CoinGeek Weekly Livestream, CoinGeek’s Chief Bitcoin Historian, Kurt Wuckert Jr., streamed live from the WeAreDevelopers World Congress in Berlin, where he spoke about his experiences on the first day of the conference. and interviewed Darren Kellenschwiler of Elas Digital.
Surprise on the technical capabilities of Bitcoin
Wuckert begins by noting that he has encountered a lot of interest in blockchain development. However, when he asks these same people if they are interested in learning, developing and managing infrastructure, he gets a much less enthusiastic response.
He’s been busy explaining this with proof-of-work networks like Bitcoin, they don’t have to worry about that stuff; they can leave it to those whose job it is to handle things under the hood, like TAAL (CSE:TALAL | FWB:9SQ1 | OTC: TALAF) and Gorillapiscine, and focus on running their businesses. While explaining this, Wuckert also pointed out that in contrast, proof-of-stake systems require you to participate in the consensus, and he has seen pennies drop as people realize this key difference for the first time.
Interview with Darren Kellenschwiler of Elas Digital
At the conference, Kellenschwiler gave a presentation on the three ways Bitcoin complements Turing. He tells Wuckert that he was inspired by Ryan X. Charles’ previous presentations on this. After going down the research rabbit hole, he came to several realizations about Bitcoin’s true capabilities which he is now trying to explain to others.
One of the main reasons Bitcoin SV has yet to attract more developers is that Bitcoin Script is difficult for most people. However, Kellenschwiler says that with the advent of sCryptthings are much simpler, and he thinks it will lead to an influx of new developers once they get the hang of it.
Wuckert points out that he’s seen many surprised looks when people realize that Bitcoin can be used as part of a tech stack, noting that most have been misinformed and think it’s a kind of investment. He then asks what Kellenschwiler would disrupt first if he thought like a business. He responds that anything that requires immutability should be at the forefront of companies’ minds when considering how blockchain technology could benefit them.
Wuckert offers connections as an example of a domain ready to be disrupted. Indeed, we’ve already seen one-click logins to apps like Hastiness using wallets like Handcash.
To conclude, Wuckert asks Kellenschwiler what he is currently working on. He replies that he develops tools for BSV developers, but also works on NFTs and token systems.
Key points to remember
From this livestream, it’s clear that most people attending the conference are unaware of Bitcoin’s true capabilities as a technology. It is also obvious that most developers are not interested in the hassles linked to the execution of their own nodes and infrastructures and that it is better to leave this to specialists like Gorillapool or Taal. Exciting times are ahead as more and more people realize what Bitcoin is capable of.
Watch: BSV Global Blockchain Convention panel, Building on Blockchain: Common Challenges and Tools to Make It Easier
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