Amir Rosic: each of us is smart enough to make and lose money

A Serial entrepreneur and Creator of the blockchain hub Blockgeeks Amir Rosic shared his thoughts on investing in cryptocurrencies. In an interview with Rosik said that cryptocurrency transactions must be open to all. The businessman also called the possible ways to accelerate mass adoption of cryptocurrency.

the Crypt has a long way

so how are you interested in bacchanal and industry of cryptocurrency?

I was a serial businessman all his life. My passion bloccano began long before the boom of the ICO, about 4-5 years ago. In the last two years I was busy developing . Through our project, novice developers can learn online. We teach C++, Cosmos, Rootstock, EOS and many other things.

the Term "blockchain" gradually moved into the category of buzz words. How you can help the early adoption of technology?

I don't think one person can start or stop this process. The Buddha once said, "Everything is as it should be." There is nothing good or bad.

In the industry now stood out two or even three separate worlds. There are chiromancy first people in kryptomere at all. They care about cryptography and want to create something truly decentralized. There is a crowd of admirers Ethereum. To some extent they can also be attributed to chiromancer, however, they are open to bold experiments. And there is everything else. ICO, private baccani, large enterprises with the practical application of technology and so on. To say that it's bad or good – I think, incorrect. Things just go on as usual. I believe that the more people involved in cryptonote, the faster growing entropy. The opinion of the large community allows trial and error to learn what works and what doesn't. No one knows where we will be in a few years.

whether some cryptocurrency classified as securities in light of the current opinions of financial regulators?

Oh yeah, the SEC is again your decision... you Know, public statements and actual regulation are two different things. The last meeting of the regulator has several aspects: the status of the crypts as the securities have not yet been defined unequivocally. There are many variables, depending on which coin can turn into a security and Vice versa. I think they're trying to bring some modern hybrid . And yet the SEC ever make a final verdict regarding the cryptocurrency. Most likely, it will happen in the next two years.

You whirl around in the industry for quite some time. Tell us how the players and the attitude of the public masses has evolved over the years?

By 2017 all focused on "real" cases. People put a priority on cryptography, technology, and the true essence of the blockchain. During the mania of investing in the ICO, some startups failed due to wrong thinking. Their creators thought that to build your platform from scratch – the key to success. Actually it is not, only a limited number of people have created from scratch do successful projects.

Now the crowd subdued greed, many people see in the crypt of the opportunity to earn money that are not impossible to obtain. I'm a fan of ICO, but not in the long run. The main purpose of the blockchain is to democratize investing.

So investing in the crypt should be available to everyone?

I hate the fact that my mother could pull millions of dollars in casino, may buy a ton of lottery tickets, but my God! She in no event it is impossible to invest! They say she's too stupid for that.

The Blockchain, which want to equate the securities times as suited to the role of the "no ordinary man" things. Again, I am an accredited investor and I hate this role. I hate that only I am allowed to invest. Each of us is smart enough to make and lose money.

So in the next two years we will again witness the further development of technology. The crypt can be imposed hundreds of laws, but its fundamental role will still be what it is. She's still too new. We have a few years to develop the Ethereum protocols, EOS, Rootstock, Cosmos, Polkadot and a lot of others. They still remain among large theories. And these theories esch1 not received practical implementation in the market and they don't pass their stress test.

Think of the total capitalization of less than $ 400 billion. It's nothing. What happens when the industry appears trillions of dollars and numerous smartcontract on the basis of which will be calculated retirement plans? So we still have a lot of time before the technology will really get the practical application among the General public.

What specific steps need to be taken in this direction? This includes the regulation of cryptocurrency?

No, I think our future has nothing to do with regulation. It is based solely on the technology to which we will go short steps.

Imagine that you are holding ICO and your token suddenly had some meaning. Okay, okay. You can spend at least 14 transactions per second? You know what I mean? You can't build a real scalable company. I think many startups have to understand that we need technology not yet even invented.

speaking of scalability. You're talking about the implementation of the decisions of the second level Lightning Network?

Yes, the second levelneed. Lightning Network, Plasma or PoS makes no difference. The more experiments, the better to understand what is the solution to winning. And even if hundreds of people say that on paper this works, I can prove you wrong. In the realities of the market, many theories simply break down. Good on paper, even communism, but we all know where he is now. So we really need to focus on the development of technology.

Excellent! Thank you for coming to Blockshow Europe and shared their thoughts.

Pleasure. Thank you!

Amir Rosic: each of us is smart enough to make and lose money appeared first on Two Bitcoin.