Name and current occupation: Chris Butler, CEO and Founder of URAllowance
Describe your current activity: Every day is new and exciting. As the founder of a startup I have to wear many hats. One minute I’m a designer, the next I may be a writer. Whatever needs to be done on any given day is the thing I will be doing.
When did you first hear about Bitcoin/blockchain and how? Nothing too exciting. About 4 years ago, I overheard two friends say something about Bitcoin in a conversation that I wasn’t even a part of. So I asked questions, went home, researched a bit and the rest is history.
What was the first crypto-related activity you did? I did two things simultaneously. First, I created a Bitcoin faucet that was more expensive than it was worth and I also joined RunCPA the first cryptocurrency affiliate network as a webmaster.
What was the last non-blockchain related job/occupation you had? I owned/operated a home remodeling business.
What made you migrate to the blockchain professional environment? Passion. Opportunity. Curiosity.
How do you see your role in blockchain and crypto? How do you think you can influence the industry? I will continue calling out anyone that tries to do dirty business in this industry. Every time. I will ask everyone else to do the same.
How do you see the actual situation with ICOs? Do you believe they should be regulated? There is not one answer to this question due to the fact that there are different ways to do an ICO. So I will break it down into two simple categories.
1. ICOs that accept fiat and crypto: Yes
2. ICOs that accept only crypto: Absolutely not! If your company is doing an ICO and accepting a government’s currency from an investor, you should absolutely be subject to that governments rules and regulations. Conversely, crypto doesn’t belong to any government. So in a p2p crypto transaction, you are subject only to the rules that were decided by the two parties involved in that transaction.
From your point of view, what are the main challenges of blockchain at the moment? A few of the challenges blockchain faces are in the difficulty and risk of entering the space. Most people I talk to have a horrible “I got scammed” story from their first week in blockchain. Some quit at that point and never come back. Also, the community needs to reunite and stop playing “my blockchain is better than your bockchain.”
How do you see the future of blockchain? How will it evolve? Where do you think we will be in ten years’ time? Do you see crypto as some kind of universal payment system? Do you think that bitcoin will still be king, etc? I see blockchain being integrated into every business sector, eventually. Just like the internet did. Blockchain transactions are superior to the current systems in place. It’s only a matter of time before it becomes a global standard. Only time will tell if Bitcoin will be surpassed by another cryptocurrency.
Disclaimer: for the “People of Blockchain” section we have developed a short Q&A with relevant people of the industry. All answers are presented exactly as offered. The content of the answers is not altered in any way and is the sole responsibility of the respondent.