Hi,
First of all, I'd like to thank you for reaching out to me. Although i have been an active member in the forum, i mostly post in the Portuguese subforum, where i am well known to the community and used to spread technical knowledge about bitcoin and cryptos in general. So thank you again for giving the Portuguese speaking community to take part in the series of interviews.
1. When and why did you become interested in cryptocurrencies?
I always had an interest in cryptography. In 1999 i had already studied all i could get from the books we were able to import in brazil or find on local libraries, and also followed any cryptography discussion groups I could find on usenet or mailing lists. But there was nothing professionally for me in it, so I distanced myself from cryptography, only reading once in a while some other news or article about it in tech sites and forums. In 2010 I read an article (i think it was on slashdot) about this new cryptographic protocol capable of implementing a fully functioning trustless digital currency called Bitcoin. I even shared the article in Google Reader (which was my social network of choice at the time) and followed some discussions and news about it. I downloaded the source code, managed to compile it, and ran it for a few minutes. The damn thing was using all my CPU and my laptop fans started to "scream", so i just turned it off and finished by giving up on it.
Then, a few years later, in 2012, my brother who lived abroad came home for the holidays, and while we were catching up before dinner he asked me:
- Do you remember Bitcoin, the cryptographic currency you talked to me about a few years ago? There's this friend of mine who is mining it and he is buying some machines that specialize in mining it.
I had to confess i didn't remember talking about it, and went back to google to find more about it (that's when i found this forum, btw). His friend sent me some links and i ended up buying my first ASIC: a Sapphire Block Erupter that took so long to arrive by mail that when i got hold of it it wasn't profitable anymore. I started then using my GPU to mine (still profitable at the time), and studied about mining and GPU programming. And that's when bitcoin finally grew into me!
2. When and why did you buy your first bitcoin?
It was in the early days of 2013. Bought about 20 dollars worth of it just to figure out how to do it. I used some exchange that sold second life coins (VirWoX i think it was, couldn't find anything from the time that confirmed it). It was the only way to buy bitcoins with a credit card i could find at the time. I had to buy second life coins, wait for a few days and then buy bitcoin with those coins. In the and, with all the fees and spread, i ended up with less than 15 USD worth of coins. But i took it as a lesson: read the small print and pay attention to hiden fees!
Later that year i bought 100 dollars worth of bitcoin to buy a new batch of block erupters. This time i had a friend living abroad who collected them and brought them to me, so i got them fast enough to barely make a profit. I have them still hanging somewhere around here.
3. How did you get on the forum?
Well, that was during my quest about bitcoin mining (see question 1). Most information about bitcoin and sales of bitcoin mining equipment was done through the forum. So that's where i ended up.
4.1. What prevents mass adoption of cryptocurrencies?
I used to talk at bitcoin events and meetups in brazil, and in 2018 in an event in Rio de Janeiro, someone asked me a similar question. My answer was similar to this: Well, those of us who grew up in Brazil during the 1990s, and saw the "debut" of the internet, will remember that the government had several "digital inclusion" programs. You probably had similar initiatives in other parts of the world. They aimed to bring as much people online as they could. They had tax benefits for companies with internet presence, and municipalities would give tax breaks to internet companies that create jobs in their cities. Schools would buy computers and give "internet classes" to kids and adults alike. There was even a Ministry position created just for that: Ministry of digital inclusion.
The results were an utterly failure. Older people didn't know how to use it. Poor people had very little access to a computer outside of schools. School computers would stand gathering dust because no one new how to operate them. Internet kept being a "niche" product for the middle-class youth.
But then, in 2007, some tech CEO from Cupertino, using a black T-shirt and jeans, announced a new product: the iPhone. It was not the first smartphone. Also not the first touch screen device. Not the first pocket internet device either. But it was nonetheless a revolution. In less than 5 years the iPhone and it's successors did what the Brazilian government had tried for 13 years without success: made the internet present in every home, every business in the country.
And that's what we need: an "iPhone" like technology (not necessarily a device) that will start the revolution. I am no Steve Jobs, so i can't predict what it will look like, but there will be a product that transforms cryptocurrencies from a niche technology into something so essential people can't live without it.
4.2. How do you think mass advertising of gambling projects has a positive effect on the development of the forum or harms the community?
It goes both ways. Gambling is a big an lucrative industry. Having them using cryptocurrencies is a great incentive for adoption. OTH, many countries make gambling illegal, and it is usually associated with mobsters and gangsters in those countries. So having people learn about cryptocurrencies for evading the laws of their country is not very good for their image. In the forum, i think gambling is already well segregated into their proper subforums. This in some way prevents excessive spamming by gamblers and gambling companies. The only advertising that goes beyond the subforum borders are the "signature campaigns". Having participated in several myself, we have so many advertisement on the internet today that my brain is already well trained to ignore them most of the time. OTH, when i am in a campaign, i have an incentive to do many posts, and try to answer as many people i can. So i see them as a mostly positive influence to me, but i know it is a pretty personal view.
4.3. How do you consider whether 2-3 years of experience in cryptocurrency is enough to successfully invest or does an investor need to receive special education?
I have now 9 years of experience and still can't invest successfully. Knowledge is not enough, you need to have it in you. Some people have it easier than others. Some are just luckier, I don't know. I ended up broke every single time i tried to apply my knowledge to invest in crypto. So i mostly just use it on my day to day and save part of it (HODL) for the future.
5. What do you think of the current Merit system and signature campaigns? Do they harm the forum?
Oh, i already answered part of it in 4.2. So i guess I'll just repeat it: It is personal, but for me, signature campaigns are good influence. About merits, I've seen several users being hacked and losing their accounts because they had the required status to enter campaigns. And for some unknown guy from Brazil to claim back his account or even give it some negative trust was almost impossible. So the merit system solved that problem for us, underdogs of the community. After the merit system went online I haven't heard of accounts being stolen, at least not in the Brazilian/Portuguese community.
6. The most useful forum topic? Most helpful users?
That's a hard one. I keep mostly to the local forum, and know almost no one outside it. When i started in the Portuguese subforum, the guys that most helped me where @algorista and @adriano. Adriano is still the moderator for the Portuguese subforum. @algorista lost some money to a failed project some years ago and mostly disappeared from the forum after that.
7. 3 things you would implement on the forum?
Mostly nerdy things that only i would need, like "latex" formulas and easier linking to other posts. Being able to easily quote external sites would also be nice. Oh, and footnotes. I love footnotes!
8. Do you trade on exchanges or invest in projects?
I did invest in several local projects in brasil. We had an educational coin called "Dilmacoin" that i maintained for several years (until it became easier to create tokens than maintain a coin with it's proper blockchain). I usually help either with money or with work to charities and crowdfunds created by the Brazilian community.
I also lost lots of money trying to trade or invest in all kinds of things. That's not for me. I'm a tech guy, finance is not my thing.
9. Tell a story about your big profit or big loss?
Well, my biggest profit was also my biggest loss. In 2013 I specialized in optimizing GPU miners for several new coins. most of them never became profitable. But then in 2014 i developed a miner for DASH (called Darkcoin at the time) that was 40% faster than the previous ones. My "mistake" was using a GPL licensed miner as base for my work. So i couldn't sell it and had to publish the code. In a few weeks, most miners were already operating using my code. I still made about 30 BTC worth of Darkcoin at the time. The big loss was: i didn't believe in Darkcoin and sold it immediately, and since than it's price increased 100 fold at it's highest. I could have 3000 BTC now instead of only 30. How's that for a loss?
10. What do you think about the DEFI ecosystem?
I see DEFI as a "buzzword" for things that are neither new nor revolutionary. It's mostly a hype. But the good thing about hypes is that they incentivize the building of helper technologies and products for building DEFI products. Those technologies will outlast the hype and will help increase the technological pool available for future developments. It also helps do popularize the use of cryptocurrencies. Many will try to surf the DEFI wave and create crappy products. Those products will diem but the technological improvements used to build them will last and help evolve the next step in the cryptocurrency ecosystem, and maybe some day, to technological dominance.
11. Is your anonymity a vital necessity or precaution?
For several years my anonymity (or pseudonymity) was an essential part of my internet persona. But then Facebook tricked me into revealing my real identity and now it became too easy to associate my pseudonym with my real identity. But for all purposes, i do really value my anonymity, and try to preserve it whenever possible. Maybe just out of social awkwardness, maybe as a political principle. Not really sure.
12. The last cryptocurrency book you read?
That's a hard one. I think i never read a cryptocurrency book. Most of my information comes from this forum and other online sources. I really learned a lot from the bitcoin wiki too. When i need information about a specific technology or coin i just go the the specific forum or website of their project.
13. Advise 3 cryptocurrencies/tokens for investment in the next 1-2 years?
Bitcoin, Bitcoin and Bitcoin. One should also take a look at bitcoin!
Now, really, other than bitcoin the only projects i invested that had some success were Ethereum and Decred. I still believe in the Decred project and think that much will come from the project in the next few months.
14. How much will Bitcoin cost at the end of 2020?
My guess is it wont fall bellow 12K before the end of the year. An optimistic scenario will have it valuating 1000 USD/month for the next 2 months and reach 16K before Dec 31. But that's just guess. Trading is not really my thing.
15. P.S. (Optional)
I'll use this space to thank you again for opening this space to people from local and non-english speaking communities. Thanks again for reaching out to me and asking for this interview.