Transcripts of the interviews conducted by Thomas Power - 2019

What turns you on so much about Blockchain?

I think blockchain is a very disruptive product. It changes the way that we do business, it changes the way we transact and it can potentially change the status quo… For governments, for companies, for everything.

We have a centralized system at the moment, it’s a bit like the internet was in 90s to 2000s. The way we communicated was completely different and the way we transact today could be changed completely by blockchain.

Imagine it’s 2040, we got our implants. What could go wrong when we are all chipped and on the network as nodes?

Medically, I don’t know as I don’t specialize in that, I’m not a neuroscientist. In terms of innovation, it could kill innovation if we all think alike and the computer power within us is thousands of times greater than our creative side. We might all potentially make the same decisions, we all have the same information. I think that could be problematic. One of the big issues might be separation of species - the “haves” and “haves not” (those who have been upgraded and those who can’t afford it). That could be catastrophic to society.

That could be as soon as 2040 couldn’t it?

It could be 2040, 2100 or 2025. In terms of micro upgrades I don’t know when that’s going to happen. That is a problem. We have millions of years to get to where we are today, we have major Darwinism selection to get to where we are. If we suddenly have a super-species that is a small percentage of our population what happens to our genetic code?

So, Daniel, people are trying to get their heads round tokenomics, is it about loyalty, is about incentives, is about brands, is about attention? Well, where's your head on toe economics?

Well, tokenomics is clearly a fundamental part of the blockchain ecosystem. I think one of the problems we have at the moment is people are using tokens for payment on blockchains. And I really don't see that that as a viable ecosystem.

So, it's not about payment?

I don't think so. I think stablecoins are about payment. I think an ecosystem where the token is considered to have value needs to have some ecosystem properties. And I really strongly believe that payment for products needs to be a fixed price. You know, you can't have a variable token value. I think tokens are going to be incredibly important to us. I think it's a little like Facebook in ‘97. No one could have envisaged what Facebook was going to be. It needs a lot of innovation and disruption beforehand before people come up with a token model that is the panacea that we’re of them.