At the Token2049 conference in Dubai, builders in the Bitcoin ecosystem spoke about the critical role of venture capital (VC) firms in layer-2 development. Charlie Yechuan Hu, CEO of Bitlayer, emphasized that VCs provide necessary support for infrastructure development, aiding early ventures with capital, cloud services, and expertise. Despite some community resistance, Hu highlighted that VCs generally back long-term projects rather than speculative ones. Mike Jarmuz from Lightning Ventures argued that the Lightning Network is the only legitimate layer-2 solution, differentiating it from projects that issue tokens for speculative purposes. Other builders, such as Walter Maffione from Kaleidoswap, noted that VC funding accelerated protocol development without focusing on tokens. Vikash Singh from Stillmark stated that when evaluating protocols, they prioritize security, robustness, and non-speculative use cases. The consensus among these contributors is that VCs not only support but also enhance the Bitcoin infrastructure landscape, contrary to the skepticism surrounding their involvement.

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