As part of the Digital Currency Council’s Continuing Education partnership with Inside Bitcoins, DCC interviewed thought leaders who will be speaking at the Inside Bitcoins Conference in San Diego on December 14-16, 2015. Today, we share an interview with Justin O’Connell, Author of Bitcoinomics and CEO of GoldSilverBitcoin.
Tell us about how and why you got involved in Bitcoin and digital currencies.
Eventually it became clear to me that Bitcoin is a continuation of the rather new tradition in mankind of peer-to-peer file sharing. BitTorrent forever changed the music industry, forcing that industry to look at itself in the mirror. Similarly, I believe Bitcoin has forced banks to look in the mirror themselves and rethink what they do. There’s nothing wrong with that, and a little rabble-rousing is good for everyone.
What led you to found GoldSilverBitcoin? What makes GoldSilverBitcoin unique?
GoldSilverBitcoin is unique in that it brings three contrarian investments together under one domain. Bitcoin, gold and silver all offer everyday people an opportunity to diversify – even if just a bit – from mainstream investment vehicles like national currencies, stocks, equities and bonds.
What are you most excited about in digital currencies and blockchain technology right now?
The core Bitcoin technology is, for me, the most intriguing part of the Bitcoin project. Bitcoiners seem to have a propensity to stare off into the future and theorize about all the great things that could be thanks to Bitcoin and the blockchain, but the only thing we can be sure of is the present. In the now, Bitcoin already offers us many benefits, such as quick, confirmable payments.
What do you see as the greatest challenge facing the industry?
I believe the industry faces a level of immaturity. The community itself is comprised of many young people – who found companies portending to offer high financial services – without very much practical experience in the real world. No offense, but why would someone want to trade options on a platform where the executive board has only recently started shaving peach fuzz off their face? Instead of focusing on starting the next hacked or scam-alleged company, bitcoiners should take more pride in keeping it simple.
What’s on the horizon for you? And what are you hoping to hear about at Inside Bitcoins San Diego?
Hopefully many more horizons, some traveling and excitement. If the Bitcoin protocol remains – or any technology like it – I will probably hover around the field in way or another. You can find my work at GoldSilverBitcoin and San Diego Reader, and keep up with me at http://twitter.com/justinofconnell and http://instagram.com/justinofconnell.