Part 8/15:
Looking back at 2014, a year often termed the "worst year" for Bitcoin based on price, the speaker counters this narrative by highlighting the remarkable technological advances that occurred. The deployment of features such as multi-signature and hierarchical deterministic wallets—implemented via Bitcoin Improvement Proposals (BIPs)—laid the groundwork for subsequent product and service innovation.
He emphasizes that investment and innovation today are only just beginning to bear fruit. The ongoing accumulation of infrastructure and community support means that, in just two years, the ecosystem could witness explosive growth, creating numerous jobs and new applications that will benefit everybody.