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Do you want bit-chat or should I delete the project?

Bitcoin Reddit

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Hi, I have invested a lot of time and effort since 2023 building bit-chat.me, but I'm about to pivot aways from it after getting investor feedback that this would not be a good business to build as they think most of the bitcoin space has already been conquered by coinbase, strike etc. The idea of bit-chat was to accelerate the adoption of bitcoin by making it as simple as technically possible. You can buy, sell, send, pay with bitcoin by writing a text message on whatsapp, telegram, signal, email, etc. and the service creates a bitcoin wallet for you (on-chain and lightning). Now the question is: do you guys really need this at all? Or are you happy with the current services that are available out there? Please avoid memes and spams, as this decides where I will invest a lot of time and effort in the future. Thank you for your time. PS: this will be open source (not yet, as it's quite complicated still to set everything up yourself). It will also be custodial for very small amounts in Bitcoin and guid people when they pass the 100$ mark to self custody (the AI teaches you how to set up a non-custodial wallet so you can reduce the risk while still being able to send bitcoin to anyone in the world even when they haven't heard of bitcoin before). These are one of the very few serious posts here on reddit so please be brutally honest. The fees would have ben 1% per buy / sell and 0.1% per purchase (buying stuff instead of via strike, LINK etc) and 0.01% for sending bitcoin to friends. It even automatically handles the UTXOs for you. Basically the best service that I as a bitcoin maximalist would have wished to see in the world when I started exploring Bitcoin for the very first time. But if I don't hear enough positive feedback then I will just put it in the trash and let hobbyists build it but it will never reach scale / get integrated into real life like shopping exits etc. The argument of the VCs and advisors I have talked to today and in the past is that this will likely not get good enough traction - so it's up to you. You can even check out my linkedin in the comments to see who I am.

submitted by /u/DasDouble
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