Bitcoinist caught up with Nicolas Dorier, a developer of open-source and self-hosted Bitcoin payment processor alternative, BTCPay, who spoke about upcoming features such as atomic swaps, and making BitPay obsolete for businesses that don’t care about handling bitcoin.
‘Nothing is Unsolvable in the Long Run’
Bitcoinist: In August 2017, you posted one of the most epic tweets aimed at BitPay calling out their lies and vowing to make the company obsolete. Can you reflect on this? How far have you come in realizing this promise with BTCPay?
Nicolas Dorier: Their obsolescence comes from lots of factors. I made them obsolete for businesses, which do not care about handling Bitcoin or some small set of altcoins. Creating your own BTCPay server is easier than passing BitPay’s KYC.
If you need fiat, lots of new payment processors entered the market, which made Bitpay way less relevant than in the past (coingate, globee, opennode, coinify, coinpayments, blockonomics, strike, opennode etc.).
One of the devs of BTCPay, RockstarDev, is working on a solution to handle fiat in BTCPay though, but it is far from being ready. This competition got facilitated by a bunch of bad business practices and decisions they took in the past.
In general, should the Bitcoin community strive to replace centralized companies and services with open-source code like this if possible?
“Bitcoin community” is a tricky term, there is some loose set of shared values like financial sovereignty, but aside of that, individuals are building the tools they need to fix their own problems.
If centralized companies abuse an individual, then Bitcoin gives such individual a way to fix the problem by building the tools by himself or contributing to other projects which help him to fix it.