Speaker Interview: JP Thor l KBW2024

[Music] I fly helicopters around the world but I mean I guess a lot of people know [Music] that so I had a theory very early along starting thought chain in 2017 that uh we needed to build a meme coin with utility and that was that was way back then and so we built it around we attached it grafted it onto Norse mythology Thor and it's got a lot of Norse mythology because that's a very old meme uh that's has a really long half life so the paral were going to be rich and diverse and that thesis is still the test of time the thought Community is very meme meme biased and meme intensive there's lots of strong mimetic energy in that community so that's that's reinforce of thesis I [Music] have so I'm a be big believer at the moment in liquid state Bitcoin because that will if we can solve the yield source and the sustainability for Stak and durs especially for Bitcoin then that's going to drive people to bring the Bitcoin out of the ledges and the cold bolts and the ETFs and the central exchanges put it on these staking vaults and earn yield from providing infrastructure to app chains and if we can do that then we can bring Bitcoin back into Defi and it will generate volumes and users and I what I think the user experience of staking Bitcoin and earning Bitcoin yield from a like a far away remote app chain source of yield it's going to be an amazing user experience and I think the just look at the incentives if we can provide enough revenue for 40500 billion worth of stake Bitcoin then we're going to bring millions of users easily 10 million 100 milon [Music] users I would say that the feedback mostly is uh that it's still very esoteric it's a very complex protocol that's hard to understand and we primarily have made our users developers wallet developers so we our clients are actually wallets and services at use swaps whereas a lot of people expect thought chain itself to Market direct with to users we we try and avoid avoid that scenario so and only engage with wallets themselves [Music] directly interesting a lot of people get exhausted in crypto uh because it's 24/7 and the price volatility creates this emotional roller Co coaster so you know you can tell the mood of your team just by the price of Bitcoin for the day and that takes a while to desensitize yourself too um but people who can't manage the volatility and the 24/7 and the the intensity of this industry get burnt out and leave so you really have to set yourself a long Vision that's volatility and sensitive and set yourself to a a build line but if you set yourself to like a trading wealth line then you'll easily get burnt out and it will it will wreck you but instead I tell people focus on a 5 10 year build line where you just give yourself Milestones of building things rather than trying to set price targets and and wealth targets cuz that's that's just going to burn [Music] are look if it wasn't for crypto I would probably be in hardware and building either electric drones or [Music] Rockets everything I do is just work but I enjoy it a lot I get great satisfaction out of shipping things that people use in work so I don't find anything I do is difficult or exhausting because uh the satisfaction of seeing people use your products and for them to actually work is my my feedback my reward Loop