Anthony Di Iorio, co-founder of Ethereum, award-winning entrepreneur, and CEO of Decentral talks about freedom, liberty and impact on this week’s podcast.
Elizabeth Renieris, a crypto and blockchain lawyer educated at Harvard and London School of Economics speaks about identity and data privacy in the crypto and blockchain space.
035. Thinking Differently + Tokenizing a Digital Encyclopedia with Everipedia Co-Founder Sam Kazemian
“I think that this space, particularly Blockchain generates a lot of actual prosperity by bringing markets to things that weren’t possible before. We’re building an encyclopedia that’s not owned by anyone… other people have a stake in collectively owning the governance and the profit and the value that’s generated out of this and before blockchain that literally wasn’t possible.”
Sam Kazemian is one of the co-founders of Everipedia, which is basically like Wikipedia, decentralized. Wikipedia, like most things on the internet, is becoming outdated because people like Sam are recognizing that there’s way more value to the internet than what we’ve been accessing up till now. So Everipedia is tokenizing the value of their encyclopedia of information. IQ tokens are earned by anyone who wants to generate or curate the information on this new monetized digital encyclopedia.
Why not be paid for creating content, approving edits or for selling services on the network?
It’s the Proof of Stake model. When someone wants to use the site, they stake tokens. If they do good work then they earn IQ tokens that are printed, (in the same way that Bitcoin miners earn Bitcoin). The idea behind the staking tokens is that if more and more people are joining the network, more invest in the system and remove the tokens from use, which means there’s less liquidity, so the price should increase.
Everipedia did an airdrop of about $50 million worth of IQ tokens to EOS holders. They chose to give away tokens to help incentivize more users and build the community. They chose not to do an ICO because they received $30 million of funding from Block.one.
One of the most interesting things that I learned from talking to Sam was how he got his start in Bitcoin. From mining in college housing to trading and looking at all sides of blockchain technology. Sam didn’t come from a developer background. He studied philosophy and neuroscience at UCLA and it was those philosophy courses that really helped him to think differently.
So how important is thinking differently? Isn’t it the only way to do something that’s never been done before?
We get into the ideas of reasoning in philosophy and the philosophy of blockchain technology and how he’s created something that’s never been done before.
• Sam believes stable coins are what people should be watching out for
• The most challenging time in the life of a startup is not the beginning, it’s when it comes time to buckle down and do the work with no spotlight
• ETH and EOS and their supporters can be friends
• Having a constrained view is a barrier to growth
• Doing something completely different can lead to changing the world
“We’re working with Bermuda right now to put the whole country onto eIDs or digital IDs so one of the first steps would be to do that. The second step will be to make it useful within Bermuda across business and government. And the next step is to enable Bermuda residents to take that ID and use it globally. That’s interoperability.”
I talk to Bruce Silcoff at Shyft Network https://www.shyft.network/ about the global identity epidemic. He explains that there are over 1.1 billion people in the world with no official identification, which is a huge problem that is hard for those of us in developed countries to maybe fully understand. It means they have no right to own property, they have no way of being allowed to vote, they can’t access services like healthcare or schooling.
Shyft is hoping to do play a role in remedying this global issue by working with the United Nations on two of their initiatives: ID2020 https://id2020.org/ and Blockchain for Impact https://blockchaincommission.org/.
Also, where digital identity is concerned, in Bermuda, Shyft Network is working to make credible national digital identification a reality and then to continue to break new ground by making that digital identity accessible, usable, and interoperable across international borders.
And Bruce, with his entrepreneurial background and valuable experience during the dot com era shares what makes the blockchain revolution so different.
“Everywhere I go, no matter who I sit beside, whether it’s in a restaurant or whether it’s on an airplane, as soon as the word blockchain comes out, as soon as I open up my laptop and people see stickers on the top of it, people want to have a conversation.”
He talks about blockchain being a truly global movement on a huge scale and that the pace is way faster than the dot com boom was.
And he shares what it is that’s really key to building a successful company. And although he breaks it down into simple terms, I get the feeling that it’s experience that makes biggest difference and knowing just how to do what he suggest, which comes down to communication, having the right team, and collaboration with other companies.
We talk about data being an asset and a valuable one, and how companies need to validate not only someone’s ID but also information about what the risks are in doing business with them. Shyft Network is able to take KYC and AML data and make it useful by attaching a credibility layer to it.
We talk about the risks associated with centralized data, like centralized wealth, and how decentralization is a necessity when it comes to security.
And Bruce tells a really great story of how he got into blockchain. And the spoiler is that it has to do with Joseph Weinberg and that Bruce was impressed by his passion, vision and honesty and the rest I’ll leave for the podcast.
For more info about Shyft Network or to reach out to Bruce directly:
Telegram group: https://t.me/joinchat/HhrB_hKGQDQKU7mhpzor_g