Givbit — Send Bitcoin To Your Friends — R.I.P.

9 months ago Alex Morris, Rana and I started work on a new cryptocurrency app called Givbit - think Venmo powered by Bitcoin. Send cryptocurrency to your friends with a push of a button. Within 3 months it would be dead, joining my git repo graveyard, dead before even acquiring one user. During our market research we learned something that would change the way we think about cryptocurrency applications. We discovered our project was doomed and hundreds of others could be as well.