Thanks for your question.Thanks Kano-san for doing this AMA.
Do you work like a typical Japanese company or is it more relaxed? What do you think of the typical way many Japanese companies work, with long work hours until the last train?
Yes, it certainly would help to bring attention to the Bitcoin industry and we would be very happy to help an event like that!in the past couple of years most major Asian financial centers have hosted a 2+ day bitcoin conference (HK, Singapore, Beijing, Shanghai, and Seoul next month) but there has been no big event like those in Tokyo so far.
Would a large bitcoin gathering in Japan help to get attention for the local industry? Or do you think it's not necessary?
Speculation, and point exchange. Japan is one of the most advanced countries in term of existing virtual currency and "points/pre-paid payment methods," which are frequently used here (for example, SUICA which is used here for transit, vending machines, convenience store payment, etc).1. What part of the Bitcoin ecosystem do you expect to grow the fastest in Japan?
The slowest will probably be money transfer with Bitcoin. Like the US, a money transmitter license is required by FSA to operate money transfers, no matter what the background system is. Bitcoin is no exception.2. What part do you expect to grow the slowest?
We are focused mainly on individual users.3. Does BitFlyer plan to focus on individual users, or business customers?
In 2016, expect to see bitFlyer working on Blockchain as a Service (BaaS).4. What cool things should we expect from bitFlyer in 2016?
Which digital currency (litecoin,dogecoin, peercoin etc) do you think will be the biggest competitor to bitcoin in 5 years
Does that mean you are working on a way for users to charge their SUICA cards with Bitcoin?Japan is one of the most advanced countries in term of existing virtual currency and "points/pre-paid payment methods," which are frequently used here (for example, SUICA which is used here for transit, vending machines, convenience store payment, etc).
We have been working to penetrate these use-cases so that users can exchange points with Bitcoin.
Romjpn1:Will you provide services for users willing to invest with their bitcoins ? I'm thinking about what Magnr is doing, or providing leverage liquidity like on Bitfinex.
Also 16 hours/day, that's quite a lot !
Does that mean you are working on a way for users to charge their SUICA cards with Bitcoin?
If so, that would be about the most convenient thing I can imagine for Bitcoin in Japan!
We will definitely think about it. Yes, I can see that it would be useful. It may be easy to implement for bills with a Pay-easy number.Is Bitflyer planning on releasing a service for paying bills/furikomi using Bitcoin? It would be useful for expats in Japan without a bank account.
I basically support larger block sizes.what is your opinion regarding the blocksize issue(BIP101)? Also are you planning to release a kind of bitcoin debit card (bitcoin to YEN) in the future?
Hi waterfowl,From Medialab101 in Reddit https://www.reddit.com/r/Bitcoin/commen ... st/cwv4ij5
How much attention is the Japanese government currently giving to Bitcoin and what is the regulatory environment? Long-term do they view it favorably?
That is right. Japan is cash-based society and loves saving cashI may be wrong but Japan seems to be a cash based society, with most people not really interested in digital payments
Furthermore politically I never saw Japan having a strong libertarian anarchist movement
Do you think Japanese people will be interested in Bitcoin at all?
My pleasure.Yuzo -
Thanks for taking our question and all that you do for the Bitcoin.
Do I imagine a world where there are no banks involved? I don't think so, no. I think a pseudo-banking system among only untrusted parties might fail when a systematic counter-party risk shows up.Q1. You mention the Person - to - Person exchange service, do you see this growing and would you even imagine a world where there were no banks involved (ie for the unbanked) because there were so many reputable person to person providers? Like Abra.
The best way to prevent scammers is to make their risk/reward less attractive. Since they aim to earn a return by taking on a legal risk, the reward becomes less attractive when there is a system of certain penalties in place.Q2. What is your take on scammers within the bitcoin community? Do you think there is a way to effectively handle them or should it be every man for himself?
I basically agree with Barry because most of web services have a first inflection point after 10mil users growth, but I think he is little too optimistic.Q3. Barry Silbert indicated that there are 5 phases and it appears he is dead on accurate; why do you think this is and do you believe we are about to start the mass adoption phase? What type of app do you think will make ordinary people love bitcoin?
Thanks again and I hope you have a great day!
It was when I was told about bitcoin / the blockchain in 2010. I got into it because of purely technical reasons. Then, as a currency, Bitcoin looked a toy currency. But later, as governments began to support it some time around 2013... that made it real currency to me. Bitcoin changes the world capital flow. With the sole yield curve, bitcoin may encourage the shrinking of the difference between yields of each currencies, and helps everyone to avoid paying several layers of fees from brokerages and reduces systemic risk and capital costs.Hi Yuzo -
Thanks for doing an AMA.
Q1. What was your first "aha!" moment with Bitcoin? Please tell your story of how you got into it.
Sorry, honestly I don't have deep thoughts about these questions yet. I'll maybe come back to this at another time.Q2. What are your thoughts on machine to machine payments? Do you think humans should have a kill switch / there should always be a human responsible for each machine? (ie. a future with no true AI) Or do you think that machines should be allowed unregulated access to finances via Bitcoin (or something like it)?
Translation. Most materials are in English. There really needs to be more translation of content, documentation, etc into Japanese.Q3. What do you think is the best way to get Japanese developers interested in developing Bitcoin software?
(For anyone who's curious about these messages, you can do something like this to read them https://gist.github.com/anonymous/4ce25876e51fae678cc3)
My pleasure.Dear Kano-san,
Thank you for giving us the opportunities to ask you questions here.
If my question is off the point, please just disregard this.
Please let us know if you see any potentials that Bitcoin could contribute to address global issues such as climate change, widening inequality, and unsustainable consumption and production etc through this emerging market?
Thank you for your attention and for your time.
(kinoshita wrote: That's great! By the way, do you make the puzzles on your hiring site?)QzhAvPB92ektauRkf6Go6MPZfCxYGvw29YGU4iPY1Sz2hjVHhmtrwFVZoS9dtW1ycnjy3uWKLCdLzTRgPQnrJry68Yowz3QULo6saovFef16CUzBDbngyCACAAJTuScn7r69pXYzitv4JJzRTb2LU1JA6MUG7a2wLzDaFMiP9vkVhortzb7ab57EwZxFxQow7P1fFsUesMqvRw32XuvQsyQ6rYoYaNpWBm2a25boeqHbUJPiDbLyS8SNGaoLXriUCKtHnqb5CNMpxprv8U1B6wKeZj5DwqNeHxf8YoEQeFMQYEGVe7oYLF5g2CMUdszxVMnqQgpqUCQQyLgpW5V1dg8BMJogtemMsFKBj5br6QXzpHku7sNPv8fMZ8Xw5ZmpYY7AabByofnWfqHpDChaNduebryogDsh3pTyDPrnbTqMSLSP7xbqU
are you planning to release a kind of bitcoin debit card (bitcoin to YEN) in the future?And is it any possibility that you will create a app for google play/apple app store?I basically support larger block sizes.what is your opinion regarding the blocksize issue(BIP101)? Also are you planning to release a kind of bitcoin debit card (bitcoin to YEN) in the future?
Bigger block sizes definitely are in favour for users in terms of transaction speed and commission. On the other hand, the monopoly of mining pools due to larger hardware requirements or security investments against a big block attack may accelerate a less diversified agreement process for further BIPs related to the block size issue.
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