Bitcoin [BTC] should be the foundation for several projects, says James Lopp

The recent market crash has certainly created ripples within the cryptocurrency community with several players in the market talking about Bitcoin [BTC]’s fall below the $5000 mark.

In a recent interview with Crypto Insider, Jameson Lopp, the creator of statoshi.info and Founder of bitcoinsig.com spoke about a new initiative called ‘The B Foundation’ which is aimed to push Bitcoin into the realm of mainstream development. He talked about how the organization was just supposed to be called ‘The B’ but due to some legal purposes, ‘Foundation’ had to be added. In his words:

“I think inevitably there will be more contention in our outreach efforts. Some people may get triggered with them thinking we are trying to manipulate certain parts of the ecosystem. I was pretty up-front with not being involved in anything with government propaganda or perspectives of people thinking what bitcoin should be.”

He also added:

“I am interested in funding different projects that are trying to build on top of bitcoin and lightning, really any other technology to build on Bitcoin just to try to continue to spur adoption and developer interest in this system.”

Lopp went on to say that his experience at BitGo, a cryptocurrency custody company, taught him about the transactional flows in the cryptocurrency market. BitGo was also in the news recently when Bitcoin bull Michael Novogratz and Goldman Sachs invested in the company. Mike Belshe, the CEO and Co-Founder of BitGo had claimed that the services provided by the company were the missing pieces of infrastructure in the cryptoverse.

Jameson Lopp stated that he wants to focus on the technical side of things of the B Foundation so that no hurdles are formed in the march towards mainstream adoption.

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