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Christoph Jentzsch

๐Ÿ‘ค Speaker
246 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

And that's what currently โ€“ there's a lot of discussions.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

People are against it.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

People are for it.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

And they try to find a consensus but they are fighting for years now.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So there is most likely no consensus ever.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So what you can do is just do the hard fork and just split off and hope that the maturity follows you.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

And if not, then your coin is worth nothing.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

But if they follow you, then yes, your coin has some value.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So โ€“

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So the big difference is everybody can play a game, take part in this game.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So I could become a miner if I want to, I could become a user, I am a user of course, and I can become a developer and do some improvements and ask for maturity to get behind me.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

It is really a very special kind of decentralized governance.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

Yeah, so you could become a miner for the Bitcoin blockchain, for example, but this wouldn't change anything in terms of capacity.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

It can still only do one megabyte blocks.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

And of course, what you could do, although it's not very profitable, to say, I will mine my own transaction.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

If I have enough mining power to at least mine a block a day or so, yes, then you can get in your transaction for cheap, but you would pay a lot for this because... You're the only one.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

You're the only one and you would rather say I take another transactions and get their money and it's much, much more profitable.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

So it doesn't make sense from an economic point of view, let's say it like this.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

But you could, people create their own blockchains, but of course they are missing the network effect.

SaaS Interviews with CEOs, Startups, Founders
781: Crypto: What AirBnB Looks Like In Digital Currency World

Bitcoin 2.0 or whatever.