fillippone (Hero Member)Let's start1. When and why did you become interested in cryptocurrencies?"Long time ago. I think that, being an internet addicted nerd, I “always” knew about bitcoin. But I never really looked into that as I considered it “drug dealer money”. Then in 2013, I read about bitcoin somewhere and given the rise in price I discovered the mining: of course I didn’t understand anything, but I distinctly remember cluelessly setting up an excel spreadsheet considering to buy a bitcoin miner by Bitmain. When BTC spiked from 100 USD 120 USD and difficulty consequently exploded, I decided I missed the boat and closed that spreadsheet for years. The idea of actually buying a bitcoin on an exchange never crossed my mind. Worst decision ever. Sliding door moment. Then, the following year in 2014, a friend of mine, who got into the bitcoin rabbit hole, did some kind of “elevator pitch”, explaining to me the basic concepts of the white paper. Understanding what bitcoin was about clicked something in my heart: since then I am in the “bitcoin rabbit hole” too, with a given percentage of my brain constantly allocated to BTC."
2. When and why did you buy your first bitcoin? "It was years after that episode. Back then I bought the vast majority of my bitcoins. I bought what I decided was the “right” investment for me. Actually I made an error converting USD and EUR, so I ended up buying something less than I wanted to. I never bought anything more, bar some “pocket money” buying. Again, the worst decision ever. "
As per the "why" part had to do as an hedge against the current fiat system. I do agree with
Jameson Lopp: "Bitcoin isn't a get rich quick scheme, it's a don't get poor slowly scheme.". As an European, I was worried about the credibility of the Euro, the fiat currency I was paid with in my daily job, and even if the Euro system were able to survive somehow, I was sure the inflation would get a large chunk of my earnings: if the dollar lost 40% of his value during the last 20 years, I can't see the Euro losing less than that in the next 20. So I decided to take action and protect myself.
3. How did you get on the forum?"Oh, Oh, here comes the shameful part. I have to admit, I registered here for a shitcoin airdrop. If you research into my first post, you can actually discover which one. Funny thing: I already had a clear idea about shitcoins. I remember knowing about bitcointalk.org, but I never bothered to register and discover what it was about. I was focused on other “things” at the time.
Third and fourth worst decision in three questions. My story looks so sad.
So, when I registered, I remember I struggled to gain my first 10 merits to be eligible for the shitcoin airdrop. Then the love story started."
4.1. What prevents mass adoption of cryptocurrencies?"Laziness. Bitcoin is a difficult matter itself, in addition to that it requires responsibility taking care of your private keys. People don’t want this responsibility, they want to delegate banks to manage their own money (which ultimately becomes the bank’s money, due to all the KYC/AML rules). Also, thinking about Bitcoin as a MoE, we have to admit user experience with Bitcoin has a great margin of improvement, but as long as paying with bitcoin is worst than paying with a contactless credit card, I can’t see a major mass adoption. LN is a great advancement in the right direction, but it is still technically cumbersome."
4.2. Who do you think will win bitcoin or banks?"I think there is a bit of misunderstanding here: Bitcoin is not against banks, as commercial banks, it is against banks as central banks. Bitcoin is not against credit: bitcoin is against the unlimited, irresponsible money printing by central banks, who ultimately induces a moral hazard in the whole banking sector. So I think surely banks and bitcoin can coexists. Of course banks will have to radically change the way they are doing business. For sure there is enough space for everyone."
4.3. What is your opinion about the economist PlanB and his Stock To Flow model?"I distinctly remember when I first read the seminal article by PlanB. I was already familiar with the Stock to Flow concept, but seeing it so well developed and tested surely was a life-changing moment. I spent the following weeks studying it, desperately trying to find an error or a flaw on it. I submitted that paper to some academic friends of mine, who dismissed the article with an ad-hominem attack on bitcoin, not on the math itself. I opened a
threadthread on the forum also, trying to get as much information as possible on it. Still, I am waiting for the first serious flaw. So I do believe it’s going to hold, for the moment, and next halving. The interesting thing is what is going to happen in the following halvings: I can’t see the model to materialise without major disruption in the financial system. Either the model, or the US Dollar is going to break. Interesting times ahead."
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?"You must be kidding me, aren’t you? I am a firm believer in the merit system, and I am fully committed to the merit system, in a way that could also be
considered excessive. I must admit I have no idea on how the forum was before the merit system was introduced, but I think spamming and account farming, two very deleterious activities for every forum has been greatly reduced. But the big positive side of the merit system is the boost in idea and knowledge circulation system it helped to bootstrap. This is the idea I tried to expose in my
infamous merit thread.
Regarding merit signatures, I think it is a good way to spread the idea for good projects, but ultimately it is advertising. This is something that it is a responsibility of the owner of the publicised service and of the campaign manager to select the right quality standard of the poster in the campaign, with different targets. Obviously poters in the campaign will try to keep a good posting standard, but as we saw, it is not always the case."
6. The most useful forum topic? Most helpful users?"I came here on the forum late, because i thought I could learn more outside it. But I was wrong (how many times I called myself wrong in this interview?). The level of competence in this forum is incredible. If this was not the case, it would not be the forum used by achow101 or gmaxwell until today. I had very insightful discussions about very different topics on many boards and many users. I think I cannot compile a list: I truly believe every user in this forum has her own competence to bring. Also the most trollish users (bar the minimum “ignore” threshold), has a value, constantly challenging your ideas."
7. 3 things you would implement on the forum?"I am good with the current forum. I think it has been stable for a long period of time, so “if it works ain’t fix it". The reason to upgrade might come from the competition by other media. A lot of newer users resort to instruments like Telegram/Facebook/Youtube and completely disregard forums. I think each medium has his own prerogatives but the big advantage of forums is the “persistence” of knowledge. You can easily find an answer in the forum: good luck with it with a Telegram channel (where, actually, questions are answered over and over).
I think that new forum features would help to attract more new users.
1.EpochTalk/whatever new platform @theymos deems correct. Giving the forum a 2020 look and functionalities might help in the above mission to attract more “new” users. This should include some more statistics (to say the least include all the bpip.org project).
2. Mobile version. This could be part of point one, but it deserves a specific point. Navigating the forum via mobile is really difficult. I post A LOT through mobile, and I often struggle at it. A dedicated version would help a lot, also, again, to attract new users who usually use their mobile only.
3. As others have suggested: clearly mark a banned user, giving also the possibility to “auto ignore” them. I don’t want to engage in a discussion with/regarding/started-by a banned user, and as a merit source I don’t want to incur the risk of meriting a banned user."
8. Do you trade on exchanges or invest in projects?"I don’t trade in Bitcoin, I think they are a vital resource to me, and I am not so greedy willing to increase them. Regarding bitcoin I am totally risk averse. All I do is stashing sats, buying a bit here and there when I have some spare funds.
Regarding projects, where with that term I refer to “projects helping the bitcoin ecosystem growth”, I would really like to. But I am not that Bitcoin rich (let alone fiat rich) to afford to invest in them. I have a great respect for all the bitcoin early investors who didn’t just hodl their stash, but spent them in good projects: they now might be richer, but for sure they contributed to help bitcoin become what it is today. Investing in bitcoin projects, not hodling, defines the first class bitcoiners.
Other projects like [ANN] Project! I really don’t care about them."
9. Tell a story about your big profit or big loss?"I am not a trader, I told you. The only time I traded a little bit was back in the fork season in late 2017, 2018. I remember willing to get rid of all thise stupid forks as soon as possible. So I was trying to extract all the scammy forks from my BTC stash and getting rid of them at the first possible time. Bitcoin Pizza, Bitcoin God, SuperBitcoin, all gone. Of course my biggest trading decision was the timing of the sell of BCH. So, I will forever be grateful to Roger Ver who allowed me to increase my BTC stash of over 20% for free."
10. What do you think about the DEFI ecosystem?"If bitcoin is a Far West, DeFi is a (FarWest)^2. It really reminds, as a general attitude, the ICo frenzy of 2017. No one really understood how an ICO worked, or what was that particular ICO value proposition, or business plan, but nonetheless everyone was ready to throw dollars at them. I think DeFi could be a very interesting ecosystem to develop new services based, or rather pegged to Bitcoin. DeFi could potentially help to bootstrap a new “Gold Standard” based on Bitcoin, where the new Gold is Bitcoin and the new banks are DeFi smart contrat. This is a very futuristic scenario, but I think that the interaction between Bitcoin, DeFi and Banks will be a very interesting one to observe in the future."
11. Is your anonymity a vital necessity or precaution?"Both. It is very true what @LoyceV said: privacy is a very underrated feature, and once you give it away, it is not possible to claim it back anymore.
I think there are 10 people in the world who know who I am, and I told them my username on the forum when I was still very junior. I don’t know If I would do the same now, and I have instructed them not to disclose my real identity."
12. The last cryptocurrency book you read?"I justread again the “Bitcoin Standard” by Saifedean Ammous. It is a very good book and it first applied the stock to flow model to Bitcoin, defining it as a hard money. I've read that book again because I started to re-evaluate Saifedean Ammous assumptions based on some of his opinions, in other fields than bitcoins, namely some of his opinions on the COVID- imposed lockdowns. I just wanted to see if some of those bias were present in his book. Fortunately those didn’t, so I still can trust him (while he speaks about bitcoin stuff). I strongly recommend giving this read to any nocoiner: if he doesn’t fall in love with Bitcoin reading that book, he never will.
Another book I would recommend is “Mastering Bitcoin'' by Andreas Antonoupolos, which has a completely different target, focusing on the technical aspects of bitcoin instead of the monetary ones. With a very subtle analogy: understanding a little bit how the engine works, can help you be a better driver. "
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?"I told you before I landed on the forum because of a specific altcoin. Please don’t be fooled: I am a Bitcoin supremacist. In my
third ever post on Bitcointalk.org I made a clear statement I still consider valid. I have no clue about the other cryptos/tokens, so to me it is Bitcoin/Bitcoin/Bitcoin."
14. How much will Bitcoin cost at the end of 2020?"I wouldn't be a PlanB Zealot, if I didn’t take the Stock to Flow seriously. So I take this answer from
digitalik.net: 25,500 USD.
Also be warned I wouldn’t be a PlanB zealot if I take the model as a literal future prediction tool. "
Thanks to
fillippone for the interview!
The end.Thank you @zasad@. It was a fun interview, and also nice memory trip down the road. I do hope reading these line you understood my true love for bitcoin, and also maybe you get curious about something. Bitcoin is so much learning new things. So while I learned a lot of new things being here on the forum, interacting with a lot of different users, I tried my best with my own threads, to give back something I think I knew better, from my personal history, studies and real life.