Wednesday, March 17th 2021 - Issue #951

Sphinx Chat is Deus Ex Machina

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 describe 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.

Final thought...

Time for some Guinness.

Looking to buy bitcoin with ease? Download the Cash App, use the code "stackingsats", get $10 and Cash App will send $10 to our friends at OWLS Lacrosse.

The guys over PrivacyPros.io produce the Billfodl, the finest bitcoin seed phrase back-up device on the market. Everything is laser cut and laser engraved, so it's easy to use and easy to read. It's also survived a fire with 500 gallon of Jet Fuel.

If you'd like to set up a one-on-one chat to learn more about Bitcoin I offer consulting services for an hourly fee. Please feel free to respond to this email if you're interested.

Share

Forward

Hope you enjoyed today's issue. If you have any friends that are looking to find out more about Bitcoin have them sign up for this newsletter here:

Get Ƀent

Ƀent noun 1. direction taken, as by one's interests; inclination.

Thanks for reading Marty's Ƀent, a daily newsletter containing all the information I found interesting in the Bitcoin world in the last 24 hours.

Marty's Ƀent - March 17th, 2021 - Issue #951

Sphinx Chat is Deus Ex Machina

Older messages

Marty's Ƀent - March 16th, 2021 - Issue #950

Marty's Ƀent - March 15th, 2021 - Issue #949

The Sat Standard - Bitcoin Weekly - Mar 13 2021

Marty's Ƀent - March 11th, 2021 - Issue #947

Marty's Ƀent - March 12th, 2021 - Issue #948

You Might Also Like

Solana Foundation sparks backlash with controversial ad comparing pronouns to DeFi

The Cross-Currents Shaping Crypto Markets

WuBlockchain Talks with BitMart Founder Sheldon: From Bicoin in College to 7 Years of Entrepreneurship and US Regu…

In-depth Analysis of the $1.5 Billion Theft Incident at Bybit: Identifying Security Blind Spots in Multi-signature…

Michael Saylor says US needs Bitcoin to continue as military superpower aligning with SoftWar theory

Reminder: Donald Trump Creates U.S. Bitcoin Reserve

The Rise of TIMEFUN: An In-Depth Analysis of Celebrity Time Tokens

DeFi & L1L2 Weekly — 🚀 Ethereum's Pectra upgrade successfully deployed on the Sepolia testnet; Pump.fun saw a sig…

DeFi & L1L2 Weekly — 🚀 Ethereum's Pectra upgrade successfully deployed on the Sepolia testnet; Pump.fun saw a sig…

Donald Trump cabinet’s Bitcoin investments raise ethics alarms in pro-crypto era