150 sats \ 2 replies \ @0xtr 23 Jun 2022 \ on: I'm Sergej Kotliar, CEO of Bitrefill. AMA. bitcoin
- How did you get into Bitcoin?
- What made you start Bitrefill?
- What are you most proud of regarding Bitrefill?
- What is the most sold product on Bitrefill?
- What is the hardest thing about getting a circular economy going?
How did you get into Bitcoin?
I was always passionate about internet and open source stuff, and saw these things progress during my lifetime. Someone being able to make a money in this way, that is internet native is incredibly cool. And the fact that it actually works continues to amaze me every day, along with trying to understand more of it.
What made you start Bitrefill?
Was a small experiment I built while learning how to code Node.js. It took off and one thing led to the other.
What are you most proud of regarding Bitrefill?
Many things really. We're at the forefront of solving the most important challenge in our industry. We haven't figured it out fully but we've gotten further than anyone I know. All this without engaging in speculative activities.
Also I'd add the team and the culture we've built. It's hard to describe it to people who haven't seen us in a group. But it's the most amazing set of people, all with their own individual qualities, working together as one team towards a shared goal.
What is the most sold product on Bitrefill?
Amazon gift cards
What is the hardest thing about getting a circular economy going?
Lots of things. We can be at most half of the circle - there also needs to be ways for people to get "coins to spend".
Marketing wise it's challenging because the freedomy arguments of using your own wallet and all of that gets drowned out by all the speculative stuff in the crypto space. In bitcoin the speculative stuff is just "hodl" or leverage, in broader crypto it's "shitcoins, defi, yield" and so on. We don't offer customers a way to get rich. So during bull markets it's hard for us to get attention outside of all the places where "you can get rich here", during bear markets customers are poorer so spend a bit less. That said we've weathered the current decline with only a minor drop in volumes, and are still firmly above break-even.
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And the fact that it actually works continues to amaze me every day, along with trying to understand more of it.
This also baffles me more and more as well, even though I've been in the space for a while.
Was a small experiment I built while learning how to code Node.js. It took off and one thing led to the other.
I love stories like that, it's so cool that something starting out as a hobby project for self improvement can end up being as important as Bitrefill is today. Never underestimate your own projects or ideas!
Thanks for some great answers Sergej!
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