Bitcoin builders defend role of venture capital in Layer-2 growth

At Token2049, Charlie Yechuan Hu, CEO of Bitlayer, defended venture capital’s importance for Bitcoin’s growth, stating it provides essential resources and liquidity for infrastructure development.

Mike Jarmuz from Lightning Ventures cautioned against projects offering tokens with yields, asserting that only Lightning Network should be prioritized for investment.

Vikash Singh from Stillmark emphasized the need for security in Bitcoin layer-2 protocols, supporting proof-of-work as the optimal consensus model for development.

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