RelayX founder Jack Liu has proved to be a forceful presence in the Bitcoin space.
As he tells Charles Miller on this episode of CoinGeek Conversations, his attraction to Bitcoin is partly due to its incentive design: regardless of wealth and stature, any individual has a chance to raise money using the network.
What you don’t want is to leverage that ledger and build a closed system on top, no matter how nice it is because then as developers and users interact with the closed economy, then you lose a lot of the power of the base layer bitcoin,” he asserts.
As Jack explains, this has to do with individuals earning in a fiat currency then investing and speculating with that money.
But how do we know how the system is doing? Well, price is one way of gauging Bitcoin’s performance.
As he explains, investors will benefit not by getting a return of their investment but by allocating a percentage of their Bitcoin holdings towards a project that contributes to increase Bitcoin’s velocity and utility and in turn increasing the price of Bitcoin.