Value for Value ⚡️
I think proof of work is is definitely an obvious one. I agree with these guys in that, you know, build stuff that works, be here year in, year out, fight the good fight. I think maybe one of the more counterintuitive ones for us at Strike that was core from day 1 was prioritizing Bitcoin and fighting for Bitcoin, which maybe sounds simple while I'm on the stage, but as a corporation, it's not necessarily intuitive. I'll give you guys, I think, one of my favorite examples when we were a very young business. So, you know, early venture raised coming out of beta. I got contacted by an Indy 500, which is a race in America, a car race. So like a competitive car race, like one of the most popular races in America, and they wanted to do something with us, and I had the opportunity to race the strike car, and they would have cut us a really cheap deal. We were a young startup. They just wanted something to do with the space, but no one would have given a fuck about the strike car, and I felt like truly in my heart that the best thing we could have done as a business right there was help promote Bitcoin, and get more people involved and race the Bitcoin car. And so we did as a business, and it had nothing to do with our company at all. And it had everything and and we authentically believed that. We thought the best thing for our business and for Bitcoin was for Bitcoin to race next to the PNC Bank car, not for Strike. And so that I think is a is a fun story. I think that was 3 years ago at this point, but that is, I think, core to, you know, who we've become, and I think why the community and and customers trust us is because they know we're here for the right reasons through through that approach.
Episode Summary
Finale conversation at the Baltic Honey Badger Conference in Riga, Latvia. The longest running bitcoin only conference in the world.Video: https://primal.net/e/note1ysx6vqm9h4mlyq0yel3kxplm4xcuhwtwjgzwuhy3ne4thehsntwschsdzw ODELL on Nostr: https://primal.net/odellJack Dorsey on Nostr: https://primal.net/jackJack Mallers on Nostr: https://primal.net/jackmallersGrant Gilliam on Nostr: https://primal.net/grantMax Keidun on Nostr: https://primal.net/p/npub1797h37mc98f6363m5nysxd0t2swuz7nxq4z83saw77em3czld6xqvuar68 More info about Ten31: https://ten31.vcMore info about Strike: https://strike.meMore info about Block: https://block.xyzMore info about HodlHodl: https://hodlhodl.comMore info about Debifi: https://debifi.comwebsite: https://citadeldispatch.comnostr live chat: https://citadeldispatch.com/streamnostr account: https://primal.net/odellyoutube: https://www.youtube.com/@citadeldispatchstream sats to the show: https://www.fountain.fm/(00:00:00) Introduction and Panelist Welcome(00:00:38) Opening Remarks and Event Significance(00:01:31) Panelist Introductions(00:01:55) Building Bitcoin Businesses(00:02:50) Jack Mallers on Building Strike(00:07:59) Bitcoin Business Profitability and Philosophy(00:10:14) Bitcoiners' Lean Lifestyle(00:12:11) Challenges of Building Bitcoin Companies(00:13:00) Jack Dorsey Joins the Panel(00:14:02) Square's Transition to Block and Bitcoin(00:17:16) Defining a Bitcoin Company(00:18:56) Corporate vs. Open Source in Bitcoin(00:21:16) Regulatory Challenges for Bitcoin Companies(00:24:00) Future of Bitcoin in Corporations(00:28:11) Supporting Open Source Development(00:31:05) Funding and Investment in Bitcoin(00:35:29) VCs and Bitcoin Investment(00:39:01) Control and Influence in Bitcoin(00:44:56) Bitcoin's Adoption and Market Dynamics(00:49:00) Attracting and Retaining Bitcoin Developers(00:56:54) Human Connection and Company Culture(01:00:55) Intersection of Bitcoin, AI, and Nostr(01:03:01) Open Source vs. Corporate Development(01:09:05) Building Trust in Bitcoin Products(01:17:31) Closing Remarks and Thank Yous