# 'The Mainstreaming and Future Of Bitcoin' > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [578]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2022-08-22 (YouTube upload date), https://www.youtube.com/watch?v=fykFDTBQ60g. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the law step (Mattereum, 2017), before the great powers step (Multipolar Realpolitik, 2024). - How it fits the plan (the research build's reading): Ledger-strand commentary. - Career works it belongs to: - People's Cloud architecture and futures in 1000 words (2013): Blog essay: the data center is doomed, its efficiency is bought with centralization and monitoring, and... (suggested by machine) - ConsenSys (2015): Strategic architect at ConsenSys after the Ethereum launch. (suggested by machine) - Internet of Agreements (2017): Paper at the World Government Summit in Dubai on producing legal agreements at industrial scale. (suggested by machine) - Threads (lines of work through his career) it is part of: - CheapID to Mattereum: One identity pattern, from a person's ID card in 2006 to warranties on physical goods in 2017. (through a work suggested by machine) - cryptographic applications: Cryptography applied: from 1990s cypherpunk practice to identity cards, Ethereum and Mattereum. (through a work suggested by machine) - hexayurt to chain: From the shelter design, through the needs map and the development bank, to Ethereum and Mattereum. (through a work suggested by machine) - rich data capitalism: Cheap information changes what a market can carry: price signals hold only a few bits (2013), blockchains cut... (through a work suggested by machine) - Topics: Property, NFTs & real-estate transactions (100%) - Distinctive terms here, against the whole archive: transaction costs (1 here; 35 sources in all, earliest dated 2009) - Importance: core-text score 0.11 (1.00 is the top), number 504 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [790] ['Mattereum is Blockchain Cypherpunk' (2022)](https://guptaoption.com/texts/790.md); [735] [Vinay Gupta - Mattereum (2022)](https://guptaoption.com/texts/735.md); [594] [Mattereum Physical Asset NFT Online Meet-Up 27 July 2022 (2022)](https://guptaoption.com/texts/594.md) - On the same works, just after: [571] [The Second Mattereum Physical Asset NFT Meetup 21 Sept 2022 (2022)](https://guptaoption.com/texts/571.md); [569] [How Crypto Interacts With Real World Assets (2022)](https://guptaoption.com/texts/569.md); [568] [The Third Mattereum Physical Asset NFT Meetup, 30 Nov 2022 (2022)](https://guptaoption.com/texts/568.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: 'The Mainstreaming and Future Of Bitcoin', video, 2022-08-22, https://www.youtube.com/watch?v=fykFDTBQ60g; in Vinay Gupta's archive at guptaoption.com, source [578], https://guptaoption.com/texts/578.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=fykFDTBQ60g&t=0s) both of these projects are really showing their age yeah bitcoin has become more and more and more well understood more and more people are using it um but not much has happened which is new in quite a while you know it's very very mature it's very very dug in it's very kind of institutional and blue chip and you know all the rest of that stuff but bitcoin is beginning to look a lot like uh legacy systems you know it's big it's standard everybody's using it but it can't solve most of the problems that people want to solve with it without very very complex layer two infrastructure and you know we still don't really have all of that stuff worked out quite right i mean it's kind of the innovation has kind of moved past the bitcoin because the next you know deck tupling like when we go from you know how many bitcoin users we have now maybe 100 million something like that you know if you go from 100 million to a billion all of the technology which will be used to get that population using bitcoin will not be bitcoin technology there'll be way or two systems it will be credit card integration it will be you know integration with shopify will be all kinds of other build outs around that core system and it will have to adjust you know keeping the transaction costs low which basically means things like lightning network or something better um you know somebody will figure out how to take optimistic roll-ups and port them back to bitcoin or something i don't know what they're gonna do so that thing of when the technology gets to be so mature that all of the next steps are not that technology there are things around that technology that's a real sign that something is becoming like very very mainstream and heading into legacy --- End of [578] 'The Mainstreaming and Future Of Bitcoin'. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [571](https://guptaoption.com/texts/571.md) The Second Mattereum Physical Asset NFT Meetup 21 Sept 2022 (2022); his whole career in one file, https://guptaoption.com/story.md.