Bitcoin Launched only 14 years back in 2009. This means that all bitcoin companies are also fairly new, as the infrastructure – blockchain explorers, exchanges, and so on – are also newer than in 2009. No such company or product existed when Satoshi Nakamoto opened Genesis that January afternoon. The block was mined.
One of those companies is Coinbits, a bitcoin-first app that claims to be the first bitcoin-only exchange. This week on the Invez Podcast, I talked to Dave Birnbaum, Director of Product, about what it’s like working on the design side of bitcoin.
Dave describes his journey through Silicon Valley and through many different routes in the tech world, before finally settling on bitcoin. First paid in the novel cryptocurrency back in 2013 to work on a website, he thought little of it. However, fast forward to 2016, and during the pandemic, Dave began to go more and more into it, before delving deeper into the study.
Today, he works for Coinbits. The app has toughened up the idea of dollar-cost averaging, with their “round-up” feature proving popular among users. It allows for rounding up purchases with the rounded-up amount invested in bitcoin, thus allowing users to buy bitcoin incrementally. Dave talks about how this has fueled the use of the app, and how the platform has evolved since its inception.
Of course, the bear market is an inevitable topic. While prices have improved over the past quarter, many companies are still struggling in the industry, with layoffs in general over the past year and volumes suppressed across the space. I asked Dave about working in such a volatile industry, and how it fed through to Coinbits.
A wide variety of topics were touched upon, but more than anyone else, Dave gave his thoughts on product design and bitcoin – how he got involved, where he believes it is going, what it means to work in this area. What advice would he give to anyone considering… and more.
continue the conversation on twitter with @InvezzPortal, @DanniiAshmore And @CoinbitsApp, or travel coinbits.app for more information. follow dave LinkedIn And Twitter,
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