a16z Podcast a16z Podcast: The State of the Bitcoin Ecosystem, and a Theory on Satoshi
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Mar 20, 2014 
Balaji Srinivasan, entrepreneur and crypto expert, joins Chris Dixon to dive into the evolving Bitcoin landscape post-Mt. Gox. They discuss Bitcoin's potential to enhance payment systems and serve as a stable value store in unstable economies. The conversation highlights the need for innovative tools and mobile solutions to drive user adoption. They also explore AppCoins as a new monetization model and unravel theories surrounding the enigmatic identity of Satoshi Nakamoto, suggesting intriguing connections to physics and finance.
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Bitcoin Is Early With Massive Growth Potential
- Bitcoin is still early with roughly 3 million users and room for 1,000x growth to reach billions of users.
- Adoption paths likely go 10M, 100M, then perhaps 1B users over many years.
Payments And Remittances As Early Killer Apps
- Payments and remittances are a major early-market use case with large addressable value.
- Reducing credit card fees and enabling retail e-commerce remittances could capture hundreds of billions.
Prioritize Exchanges And Mobile Wallets
- Build regulated, secure exchanges and user-friendly mobile wallets to enable mass payments adoption.
- Prioritize mobile wallet UX and alternative platforms if app stores block Bitcoin apps.