Interview

Interview

What is the recovery success rate? : Interview with Dave Bitcoin Wallet Recovery Services (All Interviews)

The customer is involved mostly in the initial stages of the recovery, providing me the wallet information and their password ideas. There are some wallets where only the owner can approve certain actions, so I need the cooperation of the customer. That is a nice feature of wallets such as blockchain.com and others with 2FA, where users will receive an email or text asking them “do you approve of this recent activity?”. For the password ideas, some customers have made their own lists of attempts they’ve made, and this can be a very helpful starting point. For some more esoteric wallet formats I’ve had customers do their own research into how I can add support for that wallet type, which has been quite helpful in more than a few cases.
Interview

Is inflation currently happening? : Interview with David Andolfatto Federal Reserve Bank of St. Louis (All Interviews)

We haven’t seen inflation, at least not yet. Some people complain that the government statistics are bogus. But the privately-operated Billion Prices Project shows inflation that is consistent with government measures. Whether inflation becomes a problem in the future, we’ll have to wait and see. Certainly, the forecast is for a transitory increase in the rate of inflation as the economy re-opens from the pandemic. 
Interview

Bitcoin and the Tyranny of Time Scarcity : Interview with Robert Breedlove (All Interviews)

I consider myself lucky to have a healthy skepticism of authority in general, but I have also read a great variety of books that have sharpened my skeptical mind. I would recommend “The Law'' written by Frederic Bastiat. It's an approximately 60-page book and is a good simple short classic. Bastiat thoroughly decimates the social theories supporting government plunder, and it is very relevant to what we are experiencing in the US today. For example, the US government announced they would print 900 billion dollars and they will send everyone a 600-dollar check for financial aid.
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How did IntoTheBlock start? : Interview with Nicolas Contasti, Francesco Galati (All Interviews)

IntoTheBlock (ITB) is the result of a macro thesis formulated by our founder and CEO Jesus Rodriguez. Jesus has a long career in technology and finance. Having been a distinguished engineer at Microsoft and later built quant systems for major hedge funds on Wall Street, he has a deep understanding of the intersection of financial markets and tech. His main thesis was (and still is) that crypto products should be intelligent-first products, that is, powered by artificial intelligence. If traditional financial markets are evolving towards AI-first products, why shouldn’t crypto, the first natively digital asset class, do the same?
Interview

Why Buy Bitcoin : Interview with Andy Edstrom (All Interviews)

With respect to consumer price inflation, there is a question of people's demand for money. People do demand more money because they want to hoard more money when they are nervous about their prospects. Amidst a pandemic, when there's a good chance you're going to lose, it's more likely you're going to hold on to your cash because you can't be as confident about collecting a paycheck. However, if the money you are holding is losing value, people start to realize they are losing purchasing power so they will cease to want to hold it at some point. Because humans are herd animals and pay attention to what their neighbors are doing, they will replicate their neighbor’s actions. So, when the government creates massive amounts of money, and suddenly people stop hoarding that money and try to dump it at the same time, it will be a problem the government cannot clean up.
Interview

NFT and Art : Interview with John Crain SuperRare CEO (All Interviews)

NFT, Non-Fungible Token, is a token standard. The main feature of an NFT is that it has a unique ID. If you mint an NFT, you will have a unique ID for a given set of data. You will be able to see specifically who is using the specific token, and where it is. If I sent it to you, you will also be able to track that it has been transferred. Thus, the unique ID of the NFT is why it is interesting for art and the art world. NFT’s provide provenance, meaning it makes it possible to track its history. You can see who has ever owned the art piece, when it was created, is it the real piece or not, etc. By confirming that, we can reduce the amount of forgery which is pretty prevalent in art.
Interview

How is the concept of money changing today? : Interview with Anthony Scaramucci (All Interviews)

I know a lot about the recent Robinhood incident. I have been on Wall Street for 33 years, so one of the first things I learned at Goldman Sachs is how trades settle, what the margin requirements are for, etc. There is a regulatory body called the DTC, Depository Trust Corporation, which handles the flow of trading and the clearing of trades for the international marketplace, but specifically Wall Street. When trades were going on in GameStop around the last week of January 2021, this was what happened: let’s say I buy the stock for 50 dollars, and after a while, the stock price goes to 75 dollars, so I ask Robinhood for a margin to buy more stock with it. Then the stock price goes up even more, and I buy even more stock with that margin, and you could be in a situation where Robinhood is lending 250 dollars per share on GameStop.
Interview

Why Did He Buy Over 1.6 Billion Dollars of Bitcoin? : Interview with Michael Saylor MicroStrategy CEO (All Interviews)

The single most important feature of Bitcoin is the fact that it is thermodynamically sound. Bitcoin is a closed thermodynamic system with no more than 21 million coins. You can't add or remove coins other than losing them. It's a deflationary system, and all you can do is add energy to it or take energy away from it. So, you can either heat it or cool it down. What is compelling about Bitcoin is that it is the first sound monetary network invented in the history of the world. I view it as a monetary energy network that can collect, store, and channel monetary energy and space over time without power loss. Energy means you could put money in it and hold it for a decade or 100 years. Over space means it's 1:1000 to 1:10 000 of the energy required to move gold or other sources of monetary energy. Therefore, it is a highly efficient monetary network. That's what's compelling.
Blog

What is the Goal of ENS? : Interview with Brantly Millegan Ethereum Name Service

The purpose of ENS is to translate human-readable names into computer identifiers, and vice versa. The identifier that makes sense for computers may be an automatically generated long string of numbers and letters, like a cryptocurrency address or an IP address. Such addresses are great for software but terrible for humans. However, if we have a name in human language, it would be great for humans but not identifiable for computers. Thus, ENS bridges that gap allowing humans to interact with a human-readable name and the computer to interact with the computer-generated identifier.
Blog

The mechanism of Sim hijacking : Interview with Haseeb Awan

The most common way to be sim swapped is when someone contacts your wireless carrier and is able to convince the call center representative that they in fact are “you”. They use your personal data that's often exposed in hacks, data breaches, or information you publicly share on social networks, hence at worst dark or deep web. When the call center employee is convinced, they ask for switching the sim card linked to your phone number, and replace it with their sim card. Once your phone number is converted to a new sim card, all of your incoming calls and text messages will be diverted to the newly switched sim card that is in illicit hands.
Interview

3 Business Models of the Gaming Industry : Interview with Sebastien Borget The Sandbox COO (All Interviews)

In the game industry, you have 3 traditional business models for monetization strategy developers use to drive revenue. One is you purchase the full game right away; you buy a game in a box or online and download it to play it without any additional purchase. Thus, you get the full game straight away. That used to be console games you would buy for around 60 dollars. You would play it, finish it, and that was it.
Blog

What is Supporting WBTC : Interview with Kiarash Mosayeri Product Manager at BitGo

WBTC is a product of BitGo, one of the oldest players in the industry. Kiarash Mosayeri, Product Manager at BitGo, explains what the WBTC product is all about, and how it is connected to other E...
Interview

One of the Most Tragic Hacks : Interview with Dmytro Budorin Hacken CEO (All Interviews)

Back in 2017, people were keeping their assets on a hardware wallet. There was one individual who faced a massive hack and lost around 60 million dollars’ worth of assets on his hardware wallet. The attacker knew that this guy was using that kind of wallet, and targeted his attack by delivering a fake software update for the wallet. The holder didn't see that the message wasn’t from the official wallet administrators and when he opened the software it didn't go to the official homepage for the update either. Still, he didn't think much of it and clicked “yes” to the update. Seconds after, the fake uploader started to install the fake wallet and stole everything on the wallet. The poor guy lost 60 million in a few minutes by just installing the wrong software update. So, what I am trying to say is that you should never install anything that is not from licensed stores.
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Birth of the Avalanche Protocol : Interview with Emin Gün Sirer Co-founder and CEO at Ava Labs

It all started from this paper that we received from a team known as Team Rocket, who had been working on novel consensus protocol.My students and I were already exploring lighter weight protocols than Nakamoto and Classical consensus to find unique approaches nobody had explored before, but that could still provide the same guarantees as Bitcoin. We reviewed the paper draft from Team Rocket, and quickly realized that we were on to a big breakthrough.Avalanche didn’t rely on proof-of-work or mining, but used probabilistic consensus based on sub-sampling. It could be secure and predictable like Bitcoin, but didn’t suffer the centralization or performance trade-off inherent in Classical consensus approaches.
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How is it working for a Crypto media platform? : Interview with Aaron van Wirdum Bitcoin Magazine (All Interviews)

Working for a media platform in the Crypto space has been an interesting experience. I have been with Bitcoin Magazine for 5 years, and we have had some exciting years so far. We have seen a couple of price surges, all the scaling wars, and many phases more. Now, I have also drifted into the role of a historian, becoming a little bit of a Bitcoin historian. Thus, I would say I have changed and grown as a person and a writer. It's nice that I can drift into different types of areas. In that sense, the Bitcoin Magazine team has given me a lot of freedom to follow and write about my interests.
Interview

​What Is Happening To My Money in The Banks : Interview with Lyn Alden (All Interviews)

Historically, there has been currency devaluation where governments have printed a massive amount of money, or they have a prolonged period of interest rates being below the inflation rate. So, they slowly chip away your wealth over time. In those periods, those scarcer assets tend to do very well. Thus, whether it is gold, silver, equities. real estate or in this case Bitcoin, I think going back to the history of fiat devaluation and why they tend to happen, why they don’t happen in some periods but do in other time frames is important.
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From DJ to Crypto Trader : Interview with Scott Melker (All Interviews)

They say that Bitcoin is used for criminal activity, but nothing has been used for such activity more than the US dollar. And the banks know about it. To me, something like the FinCEN news story was like someone telling me “guess what, the sky is blue and water is wet!” We know that banks assist criminal enterprise and that governments are involved as well. There is a reason that Bitcoiners say “Short the bankers, Long Bitcoin” as Anthony Pompliano stated. Banks are corrupt. The whole banking system structure is meant to enrich the wealthy and hold down and discriminate against the poor.
Interview

Scope of Russian Crypto Community : Interview with Anatoly Kaplan CEO of Forklog (All Interviews)

The first thing you need to understand about the Russian crypto community is that it is not only Russia. When we refer to the Russian crypto community, we are talking about Russia, Ukraine, Belarus, which are the main countries, as well as other Russian speaking regions like Kyrgyzstan and Kazakhstan, Azerbaijan, Estonia, Georgia, Latvia, Lithuania, Moldova, Tajikistan, Turkmenistan, and Uzbekistan. These countries have a lot of historical connections. Sometimes, a reference to “Similarity” may harm or trigger some people due to political reasons. So, the Russian crypto community includes the countries that in any way are affected or involved with Russian culture.
Interview

What Bitcoin Did : Interview with Peter McCormack (All Interviews)

I stumbled upon Bitcoin 6 years ago. I had heard about it, and even bought and sold a little bit, but I didn’t really understand it. At that time, I used to work in the advertising industry in London. I decided to take a year off because I needed some time for myself. I had spent my whole life working, and needed a break. That was 3 years ago, and during that time how I fell into the rabbit hole and got serious about it. Besides being a podcaster today, I have a very ordinary life as a single dad with two kids, and most of my time is spent looking after them. I do school-runs, get their lunch ready, iron their school clothes, and so on. We are big Liverpool fans, so the three of us usually watch football together. I also like horrible heavy metal, like the worst screaming kind that nobody likes.
Interview

The Start of my Hong Kong Journey : Interview with Leo Weese (All Interviews)

Hong Kong seemed like a superb place to study in 2011. There are many reputable universities where the primary medium of exchange and academic teachings is in English. It is an international city that seemed to be quite welcoming and interesting to me. It is a place where you can focus on studying statistics rather than a place where you first have to figure out how to navigate public life and how to even get groceries. So, I think Hong Kong still somewhat is a very accessible place, even for people who plan on staying only for 1 year or 2. This is not easy to say about every place in the world.