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Controversial And Confrontational Talks From The Bitcoin 2021 Conference

DATE POSTED:June 10, 2021

This is our final dispatch from the Bitcoin 2021 Conference. We dissected talks from politicians, thought leaders, and more thought leaders. Then, we turned our eye to the ideas of the not-so-famous and found fire. We saved the nutritious content for this last one, of course. These three conferences are all from Day Two. We start with the most wholesome, go to the most toxic, and saved some star power for the last one, a very polite fight between two opposing points of view.

Related Reading | Domino Effect: Which Countries Will Adopt Bitcoin Next?

You’re in for a treat, ladies and gentlemen. Let’s get to the content.

Giving Back To Bitcoin 2021

With Hong Fang, Mike Schmidt, and Ben Price. Host: Matt Odell. 

At the end of this Bitcoin 2021 talk, OKcoin donated $100K to Brink. No strings attached. How did we get there? Let’s read.

  • Hong Fang: This panel was all about supporting developers. OKcoin’s Fang said, “We don’t see it as a donation, we see it as an investment.” Their grants are not string attached and non-exclusive. They want their investment to build a base for a different future. She considers that getting money with strings attached is quite dangerous, “Bitcoin is ultimatelly a community movement.” OKcoin is one of the first exchanges to incorporate the Lightning Network. 
  • Ben Price: If everyone uses open-source software, we can create better software. “If you’re benefiting from Bitcoin you should contribute to the people who help maintain it,” that’s why he created Open Sats. 
  • Mike Schmidt: There’s a difference between where Satoshi left off and what the eight hundred Bitcoin core developers have been making. Currently only a handful of developers, “maybe 30,” are making consistent contributions. His organization, Brink, offers Bitcoin developers fellowship in London and three grants in the US. 

Open Sats is, “a web donation platform where donors can learn, donate, and contribute to Bitcoin Core and related free and open source projects.

Brink exists, “to strengthen the Bitcoin protocol and network through fundamental research and development, and to support the Bitcoin developer community through funding, education, and mentoring.”