translated Nick Spanos interview from Russian. in case others can’t do it on their browser. sorry it’s a little choppy.
We, cavemen saw wheel: the inventor of the ATM for bitcoins Nick Spjenos on where we will blokchejn
Spjenos. Photo from personal archive
With bitkoinom Nick Spjenos, founder and Director of the Bitcoin Center NYC (one of the leaders in the development of technologies based on blokchejn) began working in 2010, when he sold him the domain name of the website. Since then, he and develops business in this sphere. Today the company Spjenosa are involved in projects such as D.A.V.E. is ATM network for kriptovaljut, which operates in 20 countries of the world, XyberPass (Platform for charging and ticket sales) LiveryCab (Ridesharing, taxi service, which is used by Uber, Lift) and others.
Pro business took Nick — pioneer and entrepreneur in the area of technology blokchejn-interview. In it, he explains in simple terms how to create excitement around the kriptovaljut and ICO, what is smart contracts and that the business will give blokchejn. And, of course, you read than could end HYIP around these themes
Nick, why grows the course bitkoina and other kriptovaljut?
Demand based digital currency is the deficit. More and more people have become aware that such tokens, and including them. This ensures that the demand for them.
Considering that the number of any digital currency is limited, with the growth of this demand, the price of tokens. That is, the growing rate of bitkoina reflects the digital gap.
Imagine if you had 1000 bottles of water on a hot day and you would be only two, water would cost cheap. But when you have two bottles on a hot day, and people suffering from thirst, thousands of rate rises.
Blokchejn system participates in the creation of kriptovaljut?
Blokchejn is a database that does not give an opportunity to use something twice. For example, if I send you a photo from my phone, you send it to a colleague. As a result, there will be 3 identical copies of the picture: me, you and him.
Unlike this example, the principle of blokchejn that if I post has, it appears you have — and I have it no more. That is, if we talk about using blokchejn in kriptovaljutah, it supports digital deficit.
Blokchejn excludes the physical intermediaries (people or companies) that can play on transactions: the system is based on mathematical algorithms. And for the future.
Blokchejn can be used in other areas. For example, we have developed and promote products such as VoteWatcher — the system of voting and counting, Blockchain Apparatus is a platform for building Web applications and others.
As your State refers to technology development blokchejn?
We have partnered with the Government of the United States on the part of the projects. For example, at the beginning of the year I spoke with investigators, Department of Justice of bitkoine and blokchejne. I also spoke with the Senate of Canada, with many gosagentstvami. And I can say that today not all officials understand that technology is evolving at a rapid rate. This understanding comes slower than changing habits of people who already enjoy innovations. Thinking about it, I realized that such a misunderstanding arose back in 2012-2013, when journalists do not know what has. Reporters just wrote stories where told that kriptovaljuta is used for the purchase of "bad" products: for example, drugs. And covered only this side of its use, without, how beautiful the technologies themselves. But the dollars used to purchase such goods too.
It would be good to see officials receive knowledge in the field of blokchejn and kriptovaljut. In this case people will lose nothing
Today, of course, public confidence in the kriptovaljutam grows. I can cite the example of our system D.A.V.E. ATMs. At the very beginning, we have built a simple technology, which did not have client protocols, do not undermine the protection against money-laundering, etc. Then with bitkoinom no one was considered, it was the year 2012.
D.A.V.E. ATM. The frame of the video clip from YouTube
But then more and more people are connected to this system, and we have to build more and more secure, with dozens of databases that prevent protection from fraud. Today, to translate the physical currency (e.g. dollars) to them, the user must go through a system of checks:
• If you are not in the database, you can't buy has
• There is a limit: If you puts less than $ $1000, the system checks your phone number, address and other data
• Our ATMs are installed in more than 20 countries, but in New York, where is our company Bitcoin Center, only two of them. This is also associated with the requirements for protection against illegal operations with currencies.
What opportunities and threats the ICO?
One of the sources of fund raising in recent years, venture capital.
I believe that venture capital support is good for business. But I don't mean investors in General. In the past, many of them, including venture capital, manipulated by very smart people working in the sphere of high technologies. Investors invested in their company money, took control and then all sold. While the inventors of penniless.
Now, with the advent of a tool such as ICO, inventors — modern Tesla — there is a possibility to attract financing and continue to drive while doing their own projects.
Instead of being controlled by people who do not understand in what you do. I myself have been in such a situation.
But there is a downside . More and more people every day asking me to help in the launch of ICO. But I see that these people are different. Some good or want to be philanthropists: the precarious state of use this technique to "immortalize" their ideas or development. But some want just get rich quick. In future, therefore, the ICO I'm not sure entirely. But I hope that everything happens for the best.
What areas for startups, blokchejn-based perspective?
I'm not the kind of person who tells you how to do something correctly. So I can only give one piece of advice: try something new. And see if it works. Because I do so myself.
Although, of course, I'm not sure what is the best business model:)
Nick Spjenos. Photo from personal archive
But more seriously, we are working in this field for many years. In the beginning people did not understand us. Don't know why they need technology based on blokchejn. All we were told: Yes, Yes, that's great. But when it came to concrete cooperation, we heard: "goodbye." We were sent home. Later we realized that we are in this field very early "people: began to develop her before others. Now, everybody is trying to "jump into" in this area, because it began to understand what it is.
I would highlight a few areas:
• Use blokchejn for supply chain management company, supply or sales
• Protection of information
• Physical security of buildings, premises: access doors, alarm systems, etc.
• Smart contracts
What is smart contracts and what are they for?
Today for many of the products we use technology, based on the principle of smart contracts. They exclude personal human intervention, allow you to completely kompjuterizovat and automatically execute conditions or arrangements.
For example, the United States Government, we created blokchejn-electricity meters. Upon the occurrence of certain conditions — very cold temperature, or, if it was in Belarus or Russia — snow height in meter, the system automatically debits your account with a token that will go to pay for energy for heating. And you can not to affect: the funds will be debited automatically.
The principle of smart contracts can be used for insurance, ticketing, transport, etc. In the future you will not have to monitor anything: all will make smart contracts. Many businesses will work on such a decentralized principle, which is today known as P2P technology.
But the system today is not perfect?
Disadvantages of smart contracts in that they operate only on a specified set of conditions, which are incorporated in its database. They do not know how to analyze changes in the external Wednesday. The system cannot anticipate how exactly will change the world. And if those conditions were not provided, were not factored into its database, smart contracts will not be able to "tune out" under them.
We understand from experience. For example, we have developed on the basis of smart contracts service that for a fee of $1800 to allow the user to download the file and find information about the people who died in the early 1900 's. And I saw in this system, data about her mother while she was alive! We realized that many flaws in the system and turned the draft. If you want to create the "predictions" for such a programme, you need to lay the unreal amount of information and database. It's complicated. So we have identified that many of the systems, which operate on the principle of smart contracts fairly "dumb". And began to create and sell technologies that help make smart contracts "smarter". And then came the creation of special service programs, called oracles.
Oracles connect real-world public data to smart contracts. Oracle can provide public information protected from intentional distortions and act in accordance with it. But these services also imperfect.
Than end blokchejn systems development?
Scene from the cartoon The Flintsones
I personally believe that we are moving to a digital society. Today we use chips, processors to implement transactions. We need to go through 3 or 4 treatments, sometimes it takes a few days. So right now we are like in the stone age.
We're the flintstones: cavemen who just saw a wheel rolling off the mountain, and are very pleased that we have this technology. But no one has yet invented on the basis of this wheel nor train, neither car nor bike.
And now there comes a time when things change with very great speed. And the future, built on new technology, inevitably comes.
