Name and current occupation:
Steven Martins, Blockchain investor and advisor
Describe your current activity:
When did you first hear about Bitcoin/blockchain and how?
What was the first crypto-related activity you did?
What was the last non-blockchain related job/occupation you had?
What made you migrate to the blockchain professional environment?
How do you see your role in blockchain and crypto? How do you think you can influence the industry?
How do you see the actual situation with ICOs? Do you believe they should be regulated?
The ICO concept was a novel idea of raising money that greatly decreased the difficulty and time while reaching a somewhat wide investor audience. Unfortunately, we saw a huge influx of investors looking to make quick profits which simply sold everything at exchange listing and moved on to the next “investment”. This created a significant initial sell pressure which made the token prices go (significantly) below the initial price (that and also the huge decrease in the value of BTC and ETH). I believe there should be some kind of regulation (and there are already talks on creating such regulation in Europe) so that companies have clear guidelines on how to (and more importantly how to not) run their fund-raising.
From your point of view, what are the main challenges of blockchain at the moment?
Reaching a wider audience, education and scalability.
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 envision a future where both FIAT and cryptocurrencies co-exist. There are multiple use-cases for crypto usage but the demand for a central bank backed currency will always be present as well. I see multiple cryptocurrencies co-existing, each aimed at specific use-cases. Bitcoin in 10 years will still have a dominant role but not as much as it currently has. We will have a significantly higher market cap with much more users and wider adoption.
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.