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‘œIt is probably going to be true, as in most tech cycles that the first attempts at something won’t be the ones that succeed.’
‘” Jamie Burke
Interview location: London
Interview date: Tue 8th August 2018
Company: Outlier Ventures
Role: CEO
The Crypto bear market has highlighted the lack of value creation within the space. While Bitcoin has many proven use cases, protocols, DApps and other altcoins are under increasing scrutiny from investors and market analysts.
While there are plenty of theories on how the financial and technology markets will be disrupted with decentralised blockchain based ideas, there are few, if any, proven and sustainable Crypto startups. This raises some questions:
Do any project outside of Bitcoin require a blockchain?Do users care about decentralisation?Are these all just shitcoins?Significant money has been invested in these new protocols and DApps, but many are struggling to ship, and those who do ship are struggling to gain traction. Supporters will argue that we are early, and that patience is required, but are these Crypto startups trying to solve problems which do not exist?
Building DApps is hard and smart contracts come with many complications. Still, this hasn’t stopped investors from investing and coders from building. Only time will tell as to whether there is a need for blockchains outside of the Bitcoin ‘Sound Money’ theory or whether this is one large innovation bubble heading for a crash.
This week I interview Jamie Burke from Outlier Ventures who has invested in a number of token-based blockchain startups. We discuss token economies, the fat protocol thesis which Jamie wrote a supporting piece about called the hungry protocol and the path to decentralisation.
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