Insights and Revelations from Blockstack Summit NYC 2015

Muneeb Ali

• F2Pool has consistently controlled over 50% of the Namecoin network’s hashing power
• Namecoin software was unreliable and not as well developed as Bitcoin
• Onename developed Blockstore, a name registration system built on Bitcoin
• Onename is in the process of migrating the u/ namespace from the Namecoin blockchain to the Bitcoin blockchain

Q&A Panel

• “Blockchain is the technology that can help undermine the network effects of the very large network players.” - Albert Wenger
• “Walled gardens are great for investors, but bad for freedom… the solution to this is to decentralize all the things.” - Naval Ravikant
• “I’m excited to support any effort that makes every piece of software open source and every centralized actor into a decentralized entity.” - Naval Ravikant
• “What I really want to see is this idea of a portable, digital identity that people own.” - Jalak Jobanputra
• “Identity is the central linchpin to enabling a large number of different systems… you can’t say ‘hey it’s all decentralized, but you’re doing to log in with Facebook.’” - Albert Wenger
• “Bitcoin as a public network is important because it’s not just going to enable bitcoins to move on it, [Bitcoin can enable] any currency to move on the network.” - William Mougayar
• “Whenever you have machines communicating with machines, there is a greater advantage to using bitcoin or another decentralized blockchain…” - Naval Ravikant
• “Most of you are too early, not too late.. this is a game of survivor... It is really important to survive and find near-term applications that will get you funded and get money in the door, and very important is to keep your burn rate low.” - Naval Ravikant
• “If you find someone who you think has good product sense, pull them as close to you as possible.” - Naval Ravikant
• “I’m very happy that Mt. Gox happened… because it was bound to happen and to get it out of the way and start thinking about the flaws and how we can start counteracting that and creating more companies that are doing things with better intentions in mind.” - Jalak Jobanputra
• “To me this is all great progress. I’m very bullish about the future, it may take a while but I think we’re going to make it happen.” - Jalak Jobanputra
• “Investing your time and your mental energy into this is going to pay compound interest down the road.” - Naval Ravikant