Haste co-founder Joe DePinto details the limitless possibilities of BSV in an interview with Joshua Henslee

width=”560″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”>

Bitcoin developer Joshua Henslee posted a video this week in which he spoke with Joe DePinto, co-founder of arcade of hasteon the unlimited capacities of Bitcoin SV (BSV).

How Haste Arcade Began

DePinto begins by explaining how he started Haste Arcade with Daniel Wagner and LeForce brothers Eric and Keith. They started using micropayments and BSV’s native capabilities to reward players for playing casual games using a leaderboard. DePinto returns to the days of arcade games. Back then, the reward was simply to have your name engraved on a leaderboard. However, Haste Arcade has made it so that if you finish on a leaderboard, you get a share of every payout made by other players. It’s called Instant Leaderboard Payments.

DePinto and his partner in another venture, Barpay, saw the value in Bitcoin and Blockchain Technology early. Being in a business that relied on credit card processing, they knew its problems all too well and they couldn’t understand how everyone ignored the revolutionary potential of this technology. They built Haste to demonstrate this usefulness and the potential of micropayments.

The evolution of games on Haste Arcade

DePinto reflects on how Haste Arcade started with one simple game called Haste. While some people joke about this game today, DePinto still thinks it was awesome. After launching it, they proceeded without any real plan or strategy and kept adding new games.

After a while, they formed a small team and accepted venture capital. This led to more recent games like monster bombs. This 3D game implements non-fungible tokens (NFTs), which DePinto hopes will serve as a demonstration for major league baseball teams and others to see the potential of NFT utilities related to jerseys and more.

Utility NFTs and where things are headed

Henslee picks up on this point about NFTs and says it’s obvious that’s the way things are with the ‘Metaverse.’ He asks DePinto about the future of NFTs on the Haste platform.

DePinto first says that they want to be able to use these NFTs and collectibles in more than one game. He gives the example of buying balls in the game Jump and transporting them to Monster Bombs, where they will be thrown at you. The ability to transfer NFTs is key here. DePinto says it seems “obvious” and wonders why he shouldn’t be able to transfer skins between games.

For DePinto, taking the hard work out and making it a reality is key to talking to big brands and franchises. They will want to control the content, so Haste’s job is to have it do the heavy lifting for them.

Why scaling matters in all of this

Henslee notes that when it comes to franchises and businesses worth hundreds of millions of dollars, there’s zero tolerance for mistakes or technologies that don’t work. He rightly points out that transactions must work with near certainty and that fees should be low. This is when the rubber meets the road and “crypto” narratives stop mattering, he says.

DePinto agrees, saying brands like the New York Yankees don’t take chances. The technology they use to produce something has to be proven. From Haste’s point of view, BSV is the only one who will to be able to evolve and allow them to do whatever they want.

Reskinning Games and Take It NFT

Henslee picks up on a point DePinto raised earlier. He asks if Haste plans to allow brands to redefine existing games and platforms.

DePinto says it’s one of the many things they want to do. He says that in the near future, Haste will allow third parties to plug in and host their own arcade experience. This could simply involve revamping the games, such as allowing them to change the Monster Bombs stadium to Yankee Stadium or revamping the arcade itself to mark it. This should be a reality within the next six to twelve months.

Speaking of the longer term, DePinto says having Take it NFT like the arcade market itself. He says JPEGs are just the beginning, which justifies its existence as a standalone platform for utility NFTs. There are still a few things to iron out, like curation, before it’s ready for prime time.

The Next Haste Hackathon

Henslee notes that it’s been a while since the last hackathon and asks when the next one might take place.

DePinto says they would have loved it if it had already happened, but there are some minor issues, such as the fact that casual game developers aren’t necessarily familiar with making games that are authoritative on the waiter. Since Haste games involve winning money, this is essential and cannot be overlooked.

As a result, DePinto wants to wait until there are better tools and instructions on their side.

“Until we’ve done that, we’re not comfortable having another big game development competition,” he said.

After the next competition, probably early next year, they will probably invite more game developers to the platform. There will also be new regular games from Haste himself in the future.

On the use of Bitcoin vs stablecoins

Through BSV ecosystem, there has been a lot of debate about using BSV or letting it fade into the background while using stablecoins to psychologically ease user onboarding.

DePinto says there has been a lot of debate about this within the Haste team, and his personal view is that stablecoins like USDC could really help users on board. Even though he wants to use BSV for everything, he thinks it’s a useful stepping stone.

This decision depends on who the market is. DePinto notes that Haste Arcade gets a lot of free registrations and users, but at some point they fail to convert them into money players. He believes they are primarily interested in making money and cannot yet make the psychological leap to using volatile BSV tokens. He also notes that there is an education gap that needs to be bridged to teach people how to buy BSV tokens in HandCash and feel comfortable doing so.

DePinto thinks part of the solution is to get people to download wallets like HandCash. He gives the example of a character in a game making a choice that causes him to receive a payment for which he must download HandCash to receive it. This makes it a reward rather than an obligation.

Watch: BSV Global Blockchain Convention Panel, Small Payments, Big Fun: Micropayments for Casual Games

width=”560″ height=”315″ frameborder=”0″ allowfullscreen=”allowfullscreen”>

New to Bitcoin? Discover CoinGeek bitcoin for beginners section, the ultimate resource guide to learn about bitcoin – as originally envisioned by Satoshi Nakamoto – and blockchain.

Comments are closed.