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TimtheYoutuber
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August 16, 2019, 01:09:36 AM
Last edit: August 17, 2019, 12:33:45 AM by TimtheYoutuber
Merited by hugeblack (1)
 #1

Lastbit's Inspiring Story

If you are starting your own cryptocurrency project, or are a cryptocurrency enthusiast then you will want to read about Lasbit's inspiring story on starting from nothing to being accepted to UC Berkely's Sky Deck program.

If you have had a chance to read it, let me know what you think about it. Do you think a story like this will inspire people to enter the cryptocurrency community and build amazing projects?


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August 16, 2019, 02:27:00 AM
 #2

Nice share, what makes it more interesting is that the idea behind and how it can help crypto to be adopted globally. Those two guys are visionaries and I would say that they are very lucky and have a good pitch that companies are willing to fund their project because it is really unique. For those who are not familiar on what these guys are building,

Quote
Our end goal still remains the idea of being able to walk into a shop and spend crypto even if the merchant doesn’t accept it – without compromising on the ideals of Bitcoin, i.e. imagine being able to tap your ledger/trezor wallet against a credit card machine and pay with bitcoin instantly!

https://lastbit.io/about/

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August 16, 2019, 11:15:41 AM
 #3

Nice share, what makes it more interesting is that the idea behind and how it can help crypto to be adopted globally. Those two guys are visionaries and I would say that they are very lucky and have a good pitch that companies are willing to fund their project because it is really unique. For those who are not familiar on what these guys are building,

Quote
Our end goal still remains the idea of being able to walk into a shop and spend crypto even if the merchant doesn’t accept it – without compromising on the ideals of Bitcoin, i.e. imagine being able to tap your ledger/trezor wallet against a credit card machine and pay with bitcoin instantly!

https://lastbit.io/about/

I agree this project is trying to accomplish something great. We need more projects that bring net value to the company, and more people who are ready to get down and BUIDL

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August 16, 2019, 12:32:34 PM
 #4

Lastbit's Inspiring Story: https://twitter.com/lastbitpay/status/1162169403238207488

If you are starting your own cryptocurrency project, or are a cryptocurrency enthusiast then you will want to read about Lasbit's inspiring story on starting from nothing to being accepted to UC Berkely's Sky Deck program.

If you have had a chance to read it, let me know what you think about it. Do you think a story like this will inspire people to enter the cryptocurrency community and build amazing projects?


I read their article on Medium, and so far it's hard to say whether it's a success story. Leaving a Master's program and a full-time job were serious sacrifices of the founders and I hope they'll be worth it, but IMO it's just too early to tell. From what I read it seems that they want to solve the scalability issue and boost mass adoption by offering a good application of Bitcoin Lightning Network. So that Bitcoin can be sent in a fast and cheap way which paves a way for everyday usage. Since for now, we don't have anything better than the LN for small transactions, I think it's a good approach to try to make use of it. Good luck to the team! I hope they succeed, and paying for groceries with BTC becomes real.

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TimtheYoutuber
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August 16, 2019, 04:59:27 PM
 #5

Lastbit's Inspiring Story: https://twitter.com/lastbitpay/status/1162169403238207488

If you are starting your own cryptocurrency project, or are a cryptocurrency enthusiast then you will want to read about Lasbit's inspiring story on starting from nothing to being accepted to UC Berkely's Sky Deck program.

If you have had a chance to read it, let me know what you think about it. Do you think a story like this will inspire people to enter the cryptocurrency community and build amazing projects?


I read their article on Medium, and so far it's hard to say whether it's a success story. Leaving a Master's program and a full-time job were serious sacrifices of the founders and I hope they'll be worth it, but IMO it's just too early to tell. From what I read it seems that they want to solve the scalability issue and boost mass adoption by offering a good application of Bitcoin Lightning Network. So that Bitcoin can be sent in a fast and cheap way which paves a way for everyday usage. Since for now, we don't have anything better than the LN for small transactions, I think it's a good approach to try to make use of it. Good luck to the team! I hope they succeed, and paying for groceries with BTC becomes real.

Getting set up with UC Berkeley is a pretty big deal. And yeah I agree, making the sacrifices with the full time job and school is a really cool story, especially if this does take off. They are trying to accomplish something that would be really powerful to the crypto space, and doing so without releasing a token. This is really impressive, even if the project loses speed.

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August 16, 2019, 06:16:56 PM
 #6

They are trying to accomplish something that would be really powerful to the crypto space, and doing so without releasing a token. This is really impressive, even if the project loses speed.
I admire their journey and honesty, but without the proper finances it's a gamble regardless of the problems they try to solve, therefore I don't rule out that they eventually will come up with a token to boost their finances.

Another possibility is that they receive donations from the community, but for that to happen you need to deliver at least something. It's not enough to work on something that we all like when it doesn't grow further than just an idea.

I understand the dislike of projects launching tokens left and right, but that at least motivates them to deliver and keep working. We have seen how the bear market bankrupted hundreds of projects because they were broke.

 
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August 17, 2019, 12:35:56 AM
 #7

They are trying to accomplish something that would be really powerful to the crypto space, and doing so without releasing a token. This is really impressive, even if the project loses speed.
I admire their journey and honesty, but without the proper finances it's a gamble regardless of the problems they try to solve, therefore I don't rule out that they eventually will come up with a token to boost their finances.

Another possibility is that they receive donations from the community, but for that to happen you need to deliver at least something. It's not enough to work on something that we all like when it doesn't grow further than just an idea.

I understand the dislike of projects launching tokens left and right, but that at least motivates them to deliver and keep working. We have seen how the bear market bankrupted hundreds of projects because they were broke.

Both of the founders have made a lot of sacrifices in order to work on the project which is all of the motivation that they will need.

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August 17, 2019, 02:50:34 AM
 #8

This is a very meaningful exploration, I hope to allow me to forward this story through our PR .
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August 17, 2019, 09:54:16 PM
 #9

They are trying to accomplish something that would be really powerful to the crypto space, and doing so without releasing a token. This is really impressive, even if the project loses speed.
I admire their journey and honesty, but without the proper finances it's a gamble regardless of the problems they try to solve, therefore I don't rule out that they eventually will come up with a token to boost their finances.

Another possibility is that they receive donations from the community, but for that to happen you need to deliver at least something. It's not enough to work on something that we all like when it doesn't grow further than just an idea.

I understand the dislike of projects launching tokens left and right, but that at least motivates them to deliver and keep working. We have seen how the bear market bankrupted hundreds of projects because they were broke.

Both of the founders have made a lot of sacrifices in order to work on the project which is all of the motivation that they will need.

They got the needed funding and with that kind of attitude, all the sacrifice that they have done not just for themselves but for their families as well are going to be worth it. They are motivated not by the money but by the product they have envisioned that could potentially change bitcoin in the future. With that, its enough for them to really push hard, continue with their trial and errors and then produce the product one day to the masses.

 
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August 18, 2019, 07:46:11 AM
 #10

Lastbit's Inspiring Story

If you are starting your own cryptocurrency project, or are a cryptocurrency enthusiast then you will want to read about Lasbit's inspiring story on starting from nothing to being accepted to UC Berkely's Sky Deck program.

If you have had a chance to read it, let me know what you think about it. Do you think a story like this will inspire people to enter the cryptocurrency community and build amazing projects?


Thank you so much for Sharing this mch inspirational story. Actually i am also from india and  since last few months i thought about launching my own Cryptocurrency but I can't do it but after read this story i can say thay o will definitely do it one day. Thanks again. If you have any other such motivatioal story then please share with me.
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August 18, 2019, 02:48:44 PM
 #11

Quote
We may fail, we may be the next unicorn but neither will deter us. This journey has just begun and we’ve learned over the last year more than we’ve learned through any university or otherwise, and that is what we take away.

I don't think the story is about profit but sacrifice for what you believe. It was a beautiful thing and I was impressed by what he did, sacrificing master's studies or full time for something banned in the country, it seemed a crazy adventure and needed courage.

I did not touch on the details, but it seems a stimulating story for everyone who has thought, you must believe in what you do and work hard to achieve your dreams.

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