Monthly ArchiveAugust 2018

How wilting investor enthusiasm will revive innovation in the cryptocurrency ecosystem

The crypto bear market can be depressing. It feels that all the excitement and hope is gone. In our view, however, the converse is true. In this article we will first examine the current bear market and argue why it creates an ideal environment for progress and innovation.
 
Doom and gloom
The total market capitalization of all cryptocurrencies has dropped this year from a peak of more than $800 billion on January 7 to less than $200 billion as recently as August 14. Google Trends maps a corresponding diminishment of interest. Even big ticket news items, such as Intercontinental Exchange announcing the forthcoming launch of Bakkt, a digital asset platform backed by Starbucks and Microsoft, barely moved prices. And, of course, the inevitable Bitcoin obituaries have begun to emerge en masse.

Those who invested close to the peak bemoan dramatic losses and lessons (we hope) learned. We hear stories of those who, following the unwise hype of the crowd, took on debt only to incur huge losses almost straight away. Blinded by greed or envious panic, these investors failed to follow this simple heuristic of high-risk investing: do not invest what you can’t afford to lose. While folly created them, the consequences are too harsh to make light of. It is only a shame that these tragedies are unlikely to deter the next round of lemmings ready to topple over the peak of some other future bubble chart.
 
Fear, Hope, And Human Nature
Meanwhile, many investors continue to hold on, either due to blind hope, genuine belief in the promise of the technology, or because they have seen the logarithmic patterns behind bitcoin’s previous growth: This has all happened before, and it will all happen again. At the time of writing, total market capitalization is still almost $50 billion higher than this time last year, and daily trading volume is close to triple, according to CoinMarketCap.com.

Telegram groups and Reddit threads are overrun with a mix of optimistic predictions and doom-laden hand-wringing regarding what is next for the market. Investors scrutinize each new review of exchange-traded fund proposals, debate what factors will finally bring institutional money in, and wonder at possible price manipulations as Bitmain prepares for an IPO. All of these factors are fair to examine, and I like to think that these theorizers are motivated by their belief in the technology rather than merely clinging on to delusion-born shattered dreams. But the truth is: if you believe in the technology, then the market can wait.
 
A Change of Tone
There was a brief period at the end of last year and the beginning of this year where it seemed you could barely move without hearing someone wax lyrical on the promise of blockchain. Yet most had come to the technology only because of the market hype and short-term financial opportunity: When the market crashed, the talk vanished. Bring up crypto with a stranger and no longer will you confront a dynamic spray of jubilant pontificating. Rather, you might just meet a cold gaze amid a cloud of anxious silence or else gleeful (and premature) schadenfreude.

With one exception: While memes abound mocking speculators who claim they are only “here for the technology,” bear markets have a tendency to clear away those who aren’t. If you talk to serious techies and their business counterparts – those who have endured through all the ups and downs – their passion for the blockchain’s world-changing potential hasn’t changed at all. While price fluctuations may have done some financial damage, the environment has become more hospitable to trust, hard work, and genuine innovation.
 
So What’s The Good News?
Firstly, we will see far fewer (for now) of what I call “Why blockchain?” projects. These include the likes of Dentacoin, the “blockchain platform for the global dentist industry”, which at its peak had a market capitalization of over $2 billion, and Potcoin, which “provides banking for the cannabis industry”. Such initiatives, in the opinion of this author, have been unable to provide a rational for their use of blockchain technology – beyond, of course, the financial opportunity presented by recent frenzied speculation.
I will not go as far as to assert that these projects are pure scams. I will say that the incentive behind the creation of far too many tokens has been a result more of opportunism than credible use cases. As the market gets less frothy, a higher proportion of projects will emerge from practical rationales, and this can only be a good thing for innovation. Incidentally, and perhaps worryingly, for those concerned with the direction of the market: Dentacoin still has a market capitalization of more than $100 billion.
As one testament to the market’s change in dynamic, we can look at the planned sale – via an ICO – of New York’s Plaza Hotel. First announced in March, the idea to sell a large portion of the hotel on the blockchain lacked a clear rationale beyond “blockchain” and “cryptocurrency” being hot words for attracting investors. As of August, it is already reported to be failing. Does this mean that there is no use case for blockchain in the hospitality industry? No, the point is that the changing market will force entrepreneurs to be more careful about their use of blockchain technology: only using it when it is, well… useful.
 
Blockchain is Trustless; Speculators Can’t Be Trusted
Last year’s bull run brought an army of what you might call cottage-industry bottom feeders to the cryptocurrency landscape. Having a blockchain reference in my job title on LinkedIn led to a surge of unsolicited messages, which at one point peaked at dozens daily. They were pitching ICOs, or else pitching to help me with my ICO, or to join a pool, or to build out my “tokenomics”, or to moderate my Telegram channel, and so on. They may have saved themselves some time if they had looked at my profile long enough to learn that I was not running an ICO, nor did I have a Telegram channel. No points for attention to detail. But as the old saying goes, when there’s a gold rush, the ones who make the money are those selling the picks and shovels.
Much in the same way that not all ICOs exist to exploit a frothy market, not all pick-and-shovel salespeople are bad actors. But many are. And many, I have come to understand, do not have strong services to offer, but are damned sure happy to charge exorbitant prices. This breeds an environment in which it is extremely difficult to build trust with others in the value chain. As a weaker public market trudges along, the purely exploitative get bored, and tighter budgets mean only those who can deliver genuine value will stick around. Those who do – and the people they help – will likely, in the long run, be rewarded.
 
What About The Money?
So a bear market doesn’t only shake out weak hands. It also clears the landscape of many of the all-too-common “Why blockchain?” projects. Moreover, bad actors will soon get bored and move onto the next quick-buck opportunity. The landscape is getting clearer for genuine innovators to work hard at developing their tech, building great teams, and driving real adoption. But doesn’t this also mean that entrepreneurs with genuine visions are now going to have a harder time raising sufficient capital? After all, we are now seeing many companies delay their ICOs.
Perhaps there is some truth in this. But it is also true that pre-ICO investment, particularly from venture capitalists, has been going through the roof this year. Good projects, with great teams and real use cases, will raise money just fine.
 
But What About The Tech?
Finally, with so many investors burned, won’t this set back mainstream adoption of cryptocurrencies? Well, as we have seen via the never-ending cycle of Bitcoin obituaries, the mainstream tends to have a short memory with these matters. There are always new folks who will be ready to get burned, and if a technology is useful, people will use it. Just as I am certain that the current, ongoing market bust does not preclude the possibility of yet another bubble, I am confident that the right mix of technological innovation and marketing savvy will be sufficient to drive widespread adoption. If the world needs it, that is. And that is the trillion dollar question.
What do you think: Was the bubble market bad for innovation? Will a long-term bear be worse? If/when another major bull run arises, how can we mitigate against the challenges to innovation? Don’t forget to  share the article on social media to stir the debate.

2018年 全て自動のアレが凄いんだけど・・・みんなは自動化してる?

 

 
僕の管理するインスタグラムに可愛いオネータマが僕にいっぱいメールを送ってきてくれるの。
 
CLAIREチャンカワユス~ (^ω^)ペロペロ
 
イギリス人と日本人のハーフなんだと・・・ だからそんなにんもかわいいのね 今度デートしてもらおう
 
とりあえず どこに住んでるの?メールアドレス教えてよ! 好きな人はいるの?などメッセージしてみよう。
 
 
また違う日・・・

 
CLAIREチャンからまたメッセージが来たよ
 
前回とはアカウントが違う感じだけど・・・ プロフィール写真も黒髪が素敵だよね
 
こんなにメールくれるなんて、もしかして俺のことが気になっているんと違うか・・・笑
 
俺の恋は一方通行なのか・・・ なんで返信してもメッセージくれないんだ・・・CLAIREチャン そんなツンデレなところが好きなんだよ・・・
 
こんなにかわいい女の子からいっぱいメッセージ貰って・・・ ぼ・ぼくは幸せなんだな‥ 山下清風
 
お金で買えないものは何もない・・・無料で妄想が膨らむし、あそこも膨らむ・・・ やめておけ
 
お、お、お願いだから CLAIREちゃん 今度一緒にデートしようよ・・・笑
 
台風一過でかなり過ごしやすくなってきましたが 皆さんいかがお過ごしで。
 
恋は盲目とは言いますが、周りが見えなさ過ぎて壁にぶち当たっている大阪のKINGです。
 
おっさんの一人遊びです。 笑
全自動でネカマ(偽装)アカウントを作る方法もある

全自動ツールマジでうざいんですけど(笑)
 
今では多くの方がSNSを利用して、様々な人と交流をする機会が増えてきましたが、皆さんはどのようなSNSの利用方法をしているのでしょうか?
 

集客に使うため?
自分の存在をアピールするため?
他人の状況を把握するため?
なんとなくみんなが使っているから?

SNSと言いながらも、FBやインスタグラムのような自己主張をするSNSもあれば、LINEのような連絡手段として使うSNSもあったりするわけで、その使い方は人によって様々違います。
 
先ほど冒頭にお伝えしたCLAIREチャンは恐らく「しょうもないおっさん(業者)などが」商品を売りつけたいがために、カワイ子ちゃん(CLAIRE)に扮装し、集客しているアカウントなんだよね。
 
このインスタで使われている画像も全部ネットで落ちてるし、こういった写真を見て 「OH~ すご~いかわいい お金あるやん」私もそうなりたい~っていう感じで騙される方が多い事多い事・・・苦笑
 
うすうす感じているとは思いますが、こういうものは全自動ツールとして稼働しているものなので、あまり関わらないほうがいいのかな~っていう感じだよね。
 
もし手動(人力)でやっているなら、もっとちゃんとやったほうがいいよ~骨折り損のくたびれ儲けでしょ 運営さん 笑
 
本当に、こういったことをしてくる人間って「自分だけ儲かればいいやん、お金稼げればいいやん」的な発想が多い人がいるから、マジで気持ち悪いわ。
 
KING冷蔵庫に入っている麦茶の代わりに 麺つゆ飲んでブーって部屋中に吹き出してほしいわ・・ホンマに・・・苦笑
キャサリンえ?笑
KING冗談やんかぁ・・・たとえ話ね・・・たとえ話・・・ 危ない危ない・・・苦笑 
しもべ未遂で終わってよかったのであります!!
KINGそれ、今日我が家でわしに起こった出来事だけどね・・・苦笑
しもべぎょぎょぎょ・・・
キャサリン魚くんみたいになってるけど、、あんたおっさんウサギだから・・・笑
しもべやだん
KINGシイタケのだしはよく出てたな・・・ 笑
 
人間には内側の成功と外側の成功があり、どんなに成功してるように見えても 内側が成功していなければ何も残らない。
 
お金を払うと(全自動)であらゆるものが購入できるけど、人の心まではなかなか買えないのかもしれませんね。
 
我が家にも全自動の凄い奴がいるんだぜ!!

 
その名も・・・ルンバ(荻野目洋子)ちゃん。 彼女が歌っていたコーヒールンバという曲からイメージした訳ではない・・・ きっと 笑
 
彼女はAI搭載のお掃除ロボットで、部屋中のありとあらゆるところをお掃除してくれるのだ!!
 

よしよしいいこだね(((uдu*)ゥンゥン
 
トイレの中にも勝手に入って掃除してくれるよ!!
 
スライド式のドアだと自分で扉を閉めるのでトイレに閉じ込められることが多々あるけど・・・ おかげで他のところは全然きれいにならずにトイレの中で電池が無くなり停止している(笑)
 
 

よしよしいいこだね(((uдu*)ゥンゥン
 
はたまた、シャワーした後に浴槽を乾燥させようとお風呂のドアを開けていると・・・
 
ルンバ(荻野目洋子)は勝手に侵入してくる。
 
床が水浸しの時も・・こいつは構わずやってくる ← 馬鹿なか・・・いくら自動とは言え 水浸しの風呂場に入るなよ・・苦笑
 

よしよし・・・・ いいこだね・・・君は・・・
 
時には助けてくれ~
 
KING~助けてくれ~ 絡まってもうて動かれへ~んww って悲鳴を上げたりするのは日常茶飯事。
 

君のそういうところが愛くるしいよ・・・・涙
 
その都度・・・
 
おいおいルンバさん・・・あなた自動お掃除ロボットなんでしょ・・苦笑
 
お前のせいで めっちゃ手間かかるやんww
 
これだったら自分で掃除機掛けたほうが早くて綺麗になりそうだし、イラン心配もしなくて済むわ・・・という感じで”全自動なのに全手動”で対応する必要。
 
マジあっからww
だからいらないって嫁には言ったんだよ・・・苦笑
 
ただ、このようなめんどくさい事はあっても、確実に部屋は綺麗になっていますので、それをどのようにとらえるのかが大事なのかもしれませんね!!
 
KING普段から忙しくて掃除機をかけることが出来ない人には超干されると思うけど、
普段からこまめに掃除機をかける人はいらないのかもしれないね。
しもべ確かに便利だけど、いらないと言えばいらないかも・・・でもあると便利だと思うのであります。
キャサリン私は欲しいわ~超便利じゃん 勝手に掃除してくれるんでしょ?やばい奴じゃんww
 
人にはそれぞれ考え方があるけれども、使ってみないとその良さと悪さはわからないので、気になった人は試してみるのもいかもしれませんね^^
 
世の中は自動だらけ、いかに効率よくするのか

 
家庭用自動掃除機ルンバ(荻野目洋子)を紹介させていただきましたが、世の中には自動で動いている自動ツールというものが沢山存在します。
 
その中で今僕が関わっている仕事と、以前から業界内で話題になている自動ツールというものを少しだけ紹介してみたいと思います。
 
まず初めに、紹介したい物がこちら ビットトレード24 と呼ばれる暗号通貨の自動売買ツールです。
 
アービトラージを行ってくれる自動売買ツールとして、前回発売された時は凄い勢いで売れましたが、そのシステムがバージョンアップになって再版されることになりました。
 
キャサリンそもそも アービトラージって何なの?
KINGアービトラージとは価格の差を利用して利益を生み出す方法だよ!!
キャサリンふ~~んよくわからないわww
 

 
売り注文と買い注文の差額で利益を出す方法で理論上99%の確率で利益が出ると言われている投資方法です。
 
ビットトレード24は売り買いをすべて自動でやってくれるんで非常に便利なツールとして注目しているよ!!
 
数量販売・期間限定販売となっていますので、自動売買ツールが気になる方は是非覗いてみて下さいね。
アービトラージシステム ビットトレード24
次に、現在僕も関与している”とある投資”方法。
 
こちらの方法も自動ででき、尚且つ再現性が高い・・・という事でこれから多くの人に紹介しようかな~というところです。
 

自動でいろんなことをしてくれて、勝率もすこぶる良い感じに・・・
 

凄い確率で勝つことが出来る。
 

 
こちらも自動と手動を掛け合わせたもので、迷わずして勝つことが出来る夢のツールです。
 

 
勝率は90%オーバーとなります。
 
こちらも自動で利用できるツールとなっていますが、まだ運営元側からシステムが提供されていません。デモ(試作で運用実験中)の状態です。
 
これから僕も実際に実践を踏まえてブログで紹介していきたいと思いますので、こちらも楽しみにしていただけると、また違った世界が見えてくるかも知れませんよ!!
 
まとめ

自動でもいい・・・コンピューターでもいい・・・
せ、せめて1回だけ・・1回だけでも・・ええやんww
 
 
いかがだったでしょうか?
 
今回は世の中の自動ツールなどについて少し紹介させていただきました。
 
これからAI搭載の○○という物が沢山出てきますし、お金を稼ぐのも全部オートフォーメンション化された物が沢山出て来ると思います。
 
手動でやるよりもはるかに効率よく、沢山利益を生み出すことが出来るのではと考えています。
 
これから私達人間がする仕事とは「AIロボットを管理するのが仕事」になり、今までと違った職業も沢山増えてくるかもしれませんね。
 
KING今まで人間がやっていた仕事はいつかロボットに奪われるようになるんだろうな~
キャサリン本当よね~ 近い将来きっとそうなるわね♪
しもべ近い将来というか、もうすでに始まっているうさ~♪ 皆さん知らないだけで・・・・
KING気付かないうちに自動ツールは街の至るところで利用されているんだぜ!!
飛行機の操縦、地下鉄、モノレール、金融取引、などなどその他にも沢山・・・
しもべこれからそれにAIが搭載されるようになるので、新しい時代が幕を開けると思うのであります!!
キャサリンなるほどね~ワクワクするわね~ 本当に!!
 
今日紹介した 自動アビトラツールも月利20%ぐらいで稼げるともいわれているし、これからブログの読者さんに配信する画像のツールは実に勝率90%です。
 
手動でやる部分ももちろんあるとは思いますが、これほどまで簡単なものはあまりないのでは?とも思ってしまいます。
 
アビトラに関してはすぐに利用できますが、もう一つのツールに関しては来月には皆さんにご紹介できると思いますので楽しみにしておいてください。
 
未知を既知に変えると、おのずと新しい道が開けてくるのである。
 

自動でにゃんにゃん出来るシステム誰か開発してくれ・・・
 
おしまい~♪
Copyright © 2018 【実録】○○○とビットコイン投資で不労取得までの道! All Rights Reserved.

A Snapshot Of Cryptocurrency Regulation in Asia

Part 1: India, China, Japan, and South Korea
Cryptocurrency innovation can wither or flourish within a country depending on the regulatory stance taken by national governments. Heavy restrictions around ICOs may see entrepreneurs moving abroad to raise money. Strong regulations around cryptocurrency trading can create sufficient financial and operational burdens on startups to strangle innovation. Too little governance can give rise to scam cultures that harm trust and confidence in the long term. In other words, regulation is important.
 
Asia not only constitutes the biggest trading market for cryptocurrencies, it is arguably the biggest hub of cryptocurrency innovation worldwide. News and analysis is published on a daily basis regarding regulatory developments in the US market and their implications on the global market. Yet relatively little attention is given to regulatory activity elsewhere, except for when a major change of law occurred. To help remedy this, we have compiled a snapshot of the attitudes of governments and core institutions towards cryptocurrencies in Asia’s biggest markets:
 

India

The Indian government has stated that their focus is on combatting the use of cryptocurrencies for criminal activity. It does not recognise cryptocurrency as legal tender. In the words of finance minister Arun Jaitley: “The government does not recognise cryptocurrency as legal tender or coin and will take all measures to eliminate the use of these cryptoassets in financing illegitimate activities or as part of the payments system.”
 
In April 2018, the Reserve Bank of India, in an attack on cryptocurrency exchanges and traders, ordered banks to close all cryptocurrency-related accounts within three months. The order has been challenged in court, with a final hearing due on 11 September. The case has attracted the interest and involvement of the Indian government, the Securities and Exchange Board of India, the Enforcement Directorate, and the income tax department.
 

China

In December 2013, the People’s Bank of China (PBoC) stated that private parties can hold and trade cryptocurrencies in China, while financial institutions cannot, calling Bitcoin a virtual good that does not have legal tender status. It enforced this statement in April 2014, ordering commercial banks and payment companies to close Bitcoin trading accounts within two weeks.
 
In January 2017, the PBoC issued warnings to cryptocurrency exchanges, urging them to comply with the “relevant laws and regulations.” In September 2017, the PBoC issued a ban on Initial Coin Offerings (ICOs).
 
In spite of this strict regulation, the PBoC’s Institute of International Finance released a report identifying cryptocurrencies as a top priority in 2018. Moreover, industry insiders have argued that China is one of the “biggest advocates of blockchain technology in the world.” This support can be seen in how blockchain technology is being incorporated into major government projects, such as the Belt and Road Initiative.
 

Japan

In April 2017, Japan’s Financial Services Agency (FSA) recognised Bitcoin as both an asset and a method of payment. It also required that cryptocurrency exchanges register with the government and comply with a strict set of demands with respect to KYC, technical proficiency, security and auditing. On June 2018, it tightened this regulation by way of ordering business improvement orders to a number of major exchanges.
 
Currently, there is no legal framework for ICOs in Japan. However, a government-backed study group has laid out basic guidelines for such a framework. The guidelines set out rules for identifying investors, preventing money laundering, tracking progress on projects, and protecting existing equity and debt holders. The guidelines are being deliberated by the FSA, but may not come into law for another few years.
 

South Korea

Bitcoin is not recognised as legal tender in South Korea, but it is not illegal either. In March, 2014, while it did not have any clear regulation in place, South Korea demonstrated that it will prosecute those using cryptocurrencies for illegal activities.
 
In September 2017, South Korea’s Financial Services Commission (FSC) instated a ban on ICOs. It also made margin trading of cryptocurrencies illegal and said it would conduct on-site inspections and analyses of cryptocurrency companies, with a focus on “amend[ing] unfair terms and conditions, including arbitrary withdrawal restrictions.” However, in March 2018, a committee of Korea’s National Assembly stated it was seeking to reverse the ICO ban and bring a stronger legal framework around cryptocurrencies.
 
In June 2018, South Korea’s Financial Intelligence Unit (KFIU) said it would regulate cryptocurrency exchanges like banks. Its focus would be on implementing anti-money laundering policies and preventing the use of cryptocurrencies for financing illicit organizations.

On Blockchain Innovation In Japan: We Speak To Sivira Co-Founder Hiro Shinohara

In the world of cryptocurrency, Japan is most famous for being the first country to officially recognize Bitcoin as a legal form of tender. Since then, a slew of regulatory actions, in particular against cryptocurrency exchanges, has caused some to accuse the Japanese government of stifling innovation in the sector. Any crypto enthusiast who has spent time in Tokyo will realise, however, that there is a very active community here and a lot happening behind the scenes.
In order to get a better view of how the market is developing, we spoke to Hiro Shinohara, co-founder of Sivira.co, and also a member of the original team behind this website, BitBiteCoin. Hiro has been deeply involved with cryptocurrency in Japan since the early days. Having supported cryptocurrency businesses like Genesis Mining and BnkToTheFuture and introduced blockchain innovation to corporations like GMO Internet and Panasonic, he has a deep network and a broad view of events within the industry.

BitBiteCoin (BBC): First off, I want to talk about Japan. Around this time last year, there was a lot of excitement about the potential for Japan to lead the world in blockchain innovation. Since then, the Financial Services Agency (FSA) has clamped down on exchanges, Coincheck was hacked, and it has become harder to launch ICOs. Are you optimistic about Japan’s prospects as a world leader in blockchain innovation? What do you think Japan needs to do differently if it is to succeed?
Hiro Shinohara (HS):  I have written about this in detail here. In my view, the FSA’s approach is harming innovation in the industry. By focusing on restriction rather than promotion, Japan will also lose out on opportunities to lead in the cryptocurrency exchange space.
On the other hand, mining businesses are still alive here and many blockchain companies are doing well. Some major exchanges are developing their own blockchains, and even some public companies and famous startups are using blockchain technology in order to innovate, such as GMO Internet, Gnoxy and Anypay.
Blockchain technology will continue to develop in Japan without ICOs until the government makes some positive decisions regarding cryptocurrencies

BBC: What role do you see Japan playing in the development of blockchain globally?
HS: I think that a lot of use cases will emerge from Japan, particularly in big business. I expect that many public companies will start talking about how they use blockchain technology in their businesses.

BBC: What is the most interesting positive project coming out of Japan right now?
HS: While it does not count as a new blockchain technology, GMO’s mining business is awesome. As a Japanese company, their approach to building machines reminds me of the golden era of Japanese entrepreneurship and technology innovation. It shows that Japanese companies’ greatest strengths are still alive in the cryptocurrency market.
This is why I said that mining businesses are still alive. Not only that, but unlike exchanges, mining is not yet regulated and does not yet have clear guidelines. Most of the companies interested in holding cryptocurrencies are getting into mining businesses for this reason.

BBC: You also do some work in China. Can you tell us your experience of the blockchain community/market there? What is the most exciting thing you have seen?
HS: It’s the people, for sure. There is a huge variety of people involved in cryptocurrency, ranging from highly talented and experienced engineers to intelligent and visionary investors.
I think that, because of the actions of the Chinese government, a lot of capital, talent and projects are finding opportunities outside the country. This is making a new ecosystem and causing new chemical reactions across the Asian market.
China is the Silicon Valley of cryptocurrency.

BBC:  You work to help both big corporations and startups use blockchain technology. Can you give a detailed example of how you have helped a large corporation use blockchain technology, and what kind of impact it had?
HS: Most Japanese business managers and investors know that cryptocurrency and the blockchain present one of today’s biggest business opportunities. But as I mentioned earlier, due to regulation, they cannot always touch cryptocurrency businesses. That is why they are starting with blockchain businesses, and dreaming how they might be able to engage with cryptocurrencies or ICOs later.
Moreover, Japan already has many point-system services like CCC’s T-Points: “Give points away and get private data”. Blockchain can help these businesses to launch new initiatives on the blockchain with a view to, eventually, develop these into cryptocurrency businesses.

BBC: What do you think that most people still get wrong about blockchain today?
HS: They just don’t understand decentralization. They think blockchain works in a similar way to cloud services. Giant companies can reliably use blockchain to control the market, or reduce cost, or make profit from ICOs etc. But that won’t happen.

BBC: We still seem a long way from widespread adoption of blockchain technology and cryptocurrencies. What needs to happen to change that?
HS: The concept behind the blockchain, “decentralization,” is still in the dark. People are only looking at the price of some coins or at use cases from giant companies. The real innovation is happening inside small tech-oriented startups and DAO-type organizations. These innovations are unlike anything produced by the previous generation. It is not all about making a huge profit for one organization. This is the reason why most of people don’t pay attention, and VCs are not fully focusing on that. A lot is happening behind the news.

BBC: Hiro, thank you for taking the time to speak with us.
HS: My pleasure!