To kick off the new year, Alex Vidal and Zach Weiner hosted the first CoinGeek Discussions episode of 2024. Joining them were Tony Mugavero from RAD, Lex, T38, and some of the Gopniks team. Check out the conversation via the link here.
Tony Mugavero on Rad, NFTs, and revolutionizing content
Mugavero should be a familiar name to BSV regulars; he’s the CEO of RAD and has been on CoinGeek’s Weekly Livestream before.
Mugavero tells the group he heard about Bitcoin back in 2010, and he got excited about the technology right away. However, he felt it was too early to do anything with it. He later got interested in Ethereum smart contracts and how they could be used in novel ways for payouts, rewards, royalties, etc.
The RAD CEO says the current model is that studios own all the content and intellectual property (IP), but that model can be changed. His firm aims to play a vital role in changing it. After starting as a typical Web2 company, they used blockchain and eventually utilized non-fungible tokens (NFTs). They recentered the platform to allow creators to upload content and determine how they want payouts distributed.
Mugavero says the ultimate goal is to bring value back to the people. The subscription model leaves you owning nothing. With RAD, you can buy the actual content, or you can buy access to it, including music, sports, and sports entertainment. Using these new tools, it’s even possible for creators to raise funds and then create the content, and some have done so.
Lex on Gopniks and why 1Sat Ordinals are the way
Lex says he has been in Bitcoin passively since 2015. However, he only got serious about apps during the 2017 bull market. When he discovered BSV, it all clicked.
Initially, he built some things on RUN but found it limited. He much prefers 1Sat Ordinals, he says. He built a game (Gopniks) but wasn’t entirely satisfied with the results. The game is now being redesigned with clear objectives and fewer bugs. People will log in with their Gopnik, and a pot can be won during a Call of Duty-type game. The pot will depend on the ticket price.
Overall, Lex thinks that Web3 is extremely limited right now. We need to build something enjoyable that has a purpose. Looking to the future, he’s most excited about tokenization and its benefits.
T38 on big block Bitcoin and new narratives
T38 is involved in private equity, and he first learned about Bitcoin in 2014. He admits that, at this stage, he didn’t care about it. However, he decided to get involved in 2016 after hearing about it repeatedly.
During the early years, T38 got involved in mining. However, he got rid of all his machines after the 2017 crash. At this time, he began to resonate with Roger Ver’s arguments and sided with big blockers. Right now, he thinks building relationships and unifying is the most important thing.
T38 thinks artificial intelligence (AI) could prove the perfect use case for blockchain. All that data needs to be verified, and a scalable, immutable blockchain is the perfect tool. He also believes the upcoming halving may lead to new narratives.
All the participants agree that new narratives are forming. Flipping coins and JPEGs can’t be what this is about going forward. They also agree that while BSV is full of intelligent people doing cool things, very few people care at this stage. T38 likens it to an arcade, whereas ‘crypto’ is a casino. People want to go where the money is, and that’s likely how it will remain until a compelling use case emerges on BSV.
To enjoy the rest of the conversation, check it out via the link at the top of the page. Don’t forget to subscribe to CoinGeek.com for more content like this!
Watch: Exchange corruption and CZ fines, COPA trial, Mining Bitcoin and Halving
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