SNS Integrate Bitcoin Lightning Microtransactions : Interview with Desiree Dickerson from Lightning Labs ②

Desiree Dickerson, VP of Business Operations at Lightning Labs, found Bitcoin when she encountered r/Dogecoin, and ever since, has been patiently awaiting global Bitcoin adoption ever. She is a recovering management consultant, formerly specializing in strategy and operations for large-scale IT enterprises. She received her M.S. in Biophysics & Physiology from Georgetown University and B.A. in Biological Sciences from the University of Chicago.

Desiree Dickerson

Interview Date : 25th June 2020

Highlight The Women In This Industry More

There are a lot of women in this industry and this space. but they are not highlighted as much as they deserve. There are many powerful women in this industry, like our CEO, Elizabeth Stark, Meltem Demirors at CoinShares, and Amanda Fabiano from Fidelity. Maybe women aren’t getting the visibility that they deserve because they are busy building and not wasting time on Twitter?

Bitcoin Reddit Forums

Reddit is an interesting place with forums for any kind of community. r/Bitcoin and r/Dogecoin are forums I am part of, but at the same time, you have to be careful because there is a lot of bad information and misinformation out there that sometimes gets mixed in. If you are new, Reddit is not the first place I would recommend for information. There also is a lightning subreddit, but there hasn’t been a lot of activity. Thus, on Reddit, you have to pick and choose your information. But definitely stay away from r/BTC. Other than Reddit, Twitter, Telegram, Slack, and Discord are also good places to start getting involved.

Twitter or Reddit?

Reddit is a forum where there are specific groups and it is very much moderated. Reddit is, basically, a really scary library, but the information is organized and there is less fighting than you will find on Twitter, and “Crypto Twitter”.

Twitter is a disaster zone where people say whatever they want whenever they want. It is full of fighting within and outside the Bitcoin and crypto communities, but this has an entertainment factor to it. On Twitter, you can not only witness people talking about altcoin and bitcoin, etc., and fighting over it, but you can also see fully grown adults fighting about dietary habits.

A good thing about Twitter is that you can have access to accurate and reliable information if you follow the right people. For example, if you follow Alex Bosworth on the Lightning Labs team, he is tweeting a wealth of information every day. I follow him to learn about what we are doing and the technology as well. It is worth spending time finding out what you are interested in, and searching for the right people to follow who talk about what you are most interested in. For example, there is a huge bitcoin mining community on twitter for the ones who are interested in mining. For me, a tweet mostly about the Lightning network as well about the gaming use-case as that interests me the most.

Gaming Platform is The Next Social Network

I have always played video games since I was very young because my dad used to play games. I know people who are really good at these games and spend an incredible amount of time and money doing it. When they win, they receive whatever in-game currency is native to that game, and that is where it stays – in the game. Then what? You have a bunch of useless points locked inside that game. However, if you are earning satoshis in the game, then they don’t have to stay there, you can cash them out to your Lightning wallet.

Esports is quickly becoming social platforms and social networks for people to interact. It makes sense that the next social network would have a currency built-in. As we are going through a pandemic, this new social network might come earlier than we initially thought.

SNS Integrate Bitcoin Lightning Microtransactions

The next phase is the transfer of value through social networks and interactions. As of now, you can buy things directly on Facebook or Instagram in the app, by just clicking an ad directly. This type of buy and sell options within the social networks is the direction in which we are heading. Also, micropayments are a powerful use-case. If you are in a game, no denomination is smaller than a cent. The denominations only go so far in every fiat currency, but with bitcoin you receive satoshis; a satoshi is so small, so paying 10 satoshis for a task you have accomplished in a game is not that much. For players, however, it really builds up after some time. And even though it is worth so little, it is much more than others in game currencies.

Zebedee is one of those companies where its ZEBEDEE Unity SDK allows developers to easily integrate Bitcoin Lightning microtransactions into their games and digital experiences. Once integrated you will be able to follow development flows to introduce the ability to pay, receive, and withdraw Bitcoin through your game.

Moreover, such platforms are an amazing opportunity to onboard people directly to the lightning network. I talked with Data Labs and asked “how many people have actually used bitcoin?”. I was amazed to hear how many people in the platform had actually never used Bitcoin before even on those platforms. They are just interested in the cool games, but now they came out from it making money. So, I think that this might be a phenomenal opportunity to onboard completely new users to lightning and Bitcoin.

Experiment for Future Gaming Platforms

A few months ago, before the pandemic hit North America, I was trying to think of ways to highlight the progress being made around Lightning and Bitcoin gaming and had a couple of ideas in mind for events and conferences. Unfortunately, the pandemic put an end to most of those plans. However, it led to something even greater – MintGox. Partnering with Simon Cowell, and the other guys at Zebedee and THNDR GAMES we started a monthly virtual event series that features various games built on lightning. It’s been a fun few months and we’re happy to report that this use-case works. It is like an experiment for how the future of gaming will look like in a world where we cannot interact in person, and it has been very successful so far.

Full-Fledged Lightning Companies have Emerged

The scale and popularity of Lightning Network and bitcoin keep growing. Last year we held The Lightning Conference in Berlin, which had over 400 attendees. It was incredible. The Lightning Network alone has gone through immense growth. It went from a few devs who were tinkering and experimenting with new ideas, to now, where there are numerous full-fledged companies built on Lightning that are doing serious work. Companies like FOLD, Bitrefill, and LN Markets, among many others, have seen a sharp increase in growth. There has also been increased VC interest over the past year in Lightning businesses. It is exciting to see this level of interest and growth.

Informative Podcast Resources

There are so many amazing podcasts. Stephan Livera’s podcast and Peter McCormack’s What Bitcoin Did are both incredibly informative and accessible. Other good ones are Mart Bent’s Tales from the Crypt, Noded with Pierre Rochard and Michael Goldstein, and Brad Mill’s Magic Internet Money. Furthermore, there are some Lightning specific podcasts like Lightning Junkies out there as well.

You will be super informed after listening to these kinds of podcasts for a week. The man behind Fulmo Lightning, Jeff Gallas, who is also a community organizer, posts great video interviews on his YouTube. He gets a lot of great guests on his show, in addition to all of his events.

VR and Bitcoin Lightning Network Struggles

We have been playing around with the intersection of VR and bitcoin / Lightning Network, but it is still early. It is a challenge trying to pay Lightning invoices while totally consumed in a VR headset.

Before the pandemic, I had never used or tried out a VR headset at all. I recently borrowed someone’s for a couple of months, and now I am sold and obsessed with it. I even use it for working out. I live a lot of my live-in VR now, much more so due to the pandemic situation.

The problem may be that VR technology is still very early on in its development. It is like Bitcoin and Lightning, in that not everyone has adopted it yet, but I do think that there is huge potential there. That is one question we are addressing with MintGox: “how can we start transacting, not only virtually, but also in virtual reality?”

With Lightning, you have to have a QR code and your Lightning wallet on your phone, but how would you pay for something with your phone by scanning a QR code that is VR? As of now, you can’t. So, that is a major hurdle.

Interviewer , Editor : Lina Kamada



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