dApp dev: Four Verticals Where dApps Shine

Guillaume Verbal, aka Doweig, is a French dApp developers who lives and works in Bangkok. In this talk with our Editor-in-Chief, he elaborates on the present and the future of distributed applications, based on unique experience in launches of new startups every month.

Q1: First, a personal question, if I may. I have lived in Thailand for 7 years, as you do now. How is it to live and to code in Bangkok?

A1: Bangkok is great I love it. I lived in Beijing, China for 6 years and moved to Thailand about a year ago. I regret not doing it sooner. Everything is great here, good weather, good food and people are very friendly.

Q2: Being based in Thailand, you launch a new bitcoin startup every month, through your bitcoin1212.me, how is it coming along?

It going good, I’ve mostly been on schedule, lnc4.io is the first one where I took two months to build it. Hopefully I can stick in 1 app a month in a feature.

I’m trying to make a bigger gaming cash prize project so I’m breaking it up into multiple apps, improving the platform over time. Lnc4 is the first app from this project.

Q3: What was the most successful startup so far?

A3: Has to be Lightning Scratch Card it did get a good amount of press coverage and got used by almost 1000 people. Biggest issue was to retain users however, it turns out its quite difficult to get people to pay for written content.

Q4: Do you not need a physical presence at meetups? What are you most efficient channels of communication?

A4: Social medias are a big ones, I also do talks and meetups to get more coverage in group chats.

Q5: Distributed apps has been and still is for many a big hope for many developers engaged in blockchain? Yet so far, most dApps are games. Why do you think it is so?

A5: I have looked into so many possible industries before starting games, and I’m now convinced it is the best market for Dapps. The reason is the users. The average bitcoin enthusiast is a white male aged 18-35y, most of those also gamers, it is a natural combination. I got this data from previous venture and research on the internet. Roughly 70-80% of users fit this criteria, talk about bias.

Q5: Will the realm of dApps ever expand beyond games? Which area outside games has most potential, in your opinion?

A5: After extensive research I found 4 verticals where Dapps could shine:

  • Porn: because people don’t want to leave their credit card informations
  • Gambling: because regulation makes it difficult for those websites to operate and get paid
  • Free speech: Deplatforming for political reasons is becoming more common, those websites will turn to bitcoin to get paid
  • Micro payment: sub $1, because credit card fees and just too expensive for that
    I’m pursuing the micro payments.

Q6: I will not ask you the question on the exchange rate of bitcoin to a dollar tomorrow, this question has bugged my life ever since I got into blockchain 🙂 However, how do you see the future of bitcoin blockchain as an ecosystem? How will the Lightning help bitcoin blockchain to grow beyond cryptocurrency?

A6: I think Lightning Network is very promising but will stay a niche payment system for a while, years. Simply because the bitcoin price volatility makes it very difficult for people to use regularly and for business to operate.

Business will only accept bitcoin when everything else failed, until the price becomes more stable. That will only come with more financial acceptance and regulation around the world. First store of value, then medium of exchange.

Q7: Many new blockchains have been developed since the introduction of the bitcoin blockchain 10 years ago. How would you define areas of application between the major blockchains, such ethereum, stellar, etc?

A7: I think Altcoins are good experiments and I’m following a little what’s happening in the space. Sadly I have yet to see any concrete technology coming out of them.

Bitcoin still leads the adoption and technological side.