My head is spinning right now freaks. It's one of those days where I can't contain my bullishness. It has nothing to do with the amount of institutional money about to flow into bitcoin or the price hovering around all time highs. I just had the absolute pleasure of sitting down to record an episode of Tales from the Crypt with Paul Itoi, co-founder of Stakwork and Sphinx Chat, two projects that are absolutely changing the game and leveraging BTC/LN to do so. The network and value transfer protocol that is being built on top of Bitcoin in the form of the Lightning Network is going to flip multiple industries on their head. This has me more bullish than I have ever been about Bitcoin, and that is saying a lot.
I can barely concentrate. Go listen to the podcast. Attempt to digest what is being built and the primitives that will lead to a whole new Internet. An Internet of value. I've said it before but I'll say it again, Sphinx Chat is one of those apps that is helping the Lightning Network find its product-market fit. A freak described Sphinx as the Deus Ex Machina of the world right now.
The stack that the team is building is INSANE. They are leveraging the Lightning Network to build an end to end encrypted chat app that sends messages over Lightning. Users connect their nodes to the app, or spin up a node in the cloud and connect that to Sphinx, and begin CHATTING OVER THE LIGHTNING NETWORK. A new communications protocol is being built on top of the value movement protocol that is Lightning right in front of our eyes. Sending a message with value attached. On top of this, they are enabling content creators to syndicate their content via the app and get streamed sats and tipped in sats as individuals consume their content (art). This makes much more sense than NFTs. Instead of one person clout chasing by buying a token that gets an artist paid. Artist can demand that every individual who consumes their art has to stream them some sats first. Very small payments from millions of people means artists get paid and everyone can contribute.
This is just the tip of the iceberg. The app Paul and team are building will enable things like teaching pods that payout teachers directly. It will lead to a completely private onramp for individuals around the world. It will replace Slack. It will replace Soundcloud. It will replace Clubhouse. It will end factory farming. This all sounds insane at face value, but go listen to the episode. This is all possible by building on the primitives that exist on Sphinx. This is truly unexpected and will take the market by complete surprise as it begins to upend multiple industries and applications over the next five years. The distributed, private, and value driven future is being built right under your nose.
Time for some Guinness.