I have come to think it's a very relevant question and you can better weight people's opinions having an idea of how many Bitcoins they hold (or do not hold.) So Instead of asking their opinion on bitcoin, I'm now asking every participants the same question:"Never ask anyone for their opinion [...] Just ask them what they have -or don't have- in their portfolio"
1) Switzerland has a reputation for good privacy laws, however it is my understanding that in recent years that has been somewhat degraded. What do you see as currently placing Switzerland as the ideal location to create a cryptofinance community? To what extent do you see computing/data/crypto laws as being more or less important than banking/finance laws in this industry? Are you concerned that other Western governments have forced the Swiss government to break some of their principles, and what do you see as the future of that trend/the manner economic and political pressures they face today and in the future?
EdwardT wrote:2) I don't know how much of this you are able to disclose, but I am curious how exactly the platform/application manifests? Is it SMS based like some existing banking services? How are the wallets/data kept? Are there escrow services? Does it try to provide banking services, or is it purely for transactions? How does it interact with paper currencies? What might be the most comparable type of company to Monetas in the non-cryptocurrency world?
sambodhiprem wrote:Hi Johann
Can you share a little bit about the moment you came across bitcoin? Particularly when you started to see the potential of this technology and how it could transform society?
Has the way you view bitcoin technology changed over time?
OX3 wrote:Thanks for this.
What strategies is Monetas taking to manage:
1) The instability of many of the countries it is planning to roll out it (e.g. troubles in Tunisia)?
2) The related constraints that partnering governments/institutions will place on the system due to security fears, money laundering concerns etc. Do you envision the systems being locked primarily to national currencies, or will currencies like Bitcoin, Gold, USD etc be soon available to be used on the systems. How do you envision systems across different countries interacting?
3) The challenges of incumbent mobile-money and remittance companies.
Will there be APIs available for third-party innovation on the system?
What is the planned nature of the notary server(s) - how is Monetas progressing in its plans for true decentralisation?
We'd also be interested to hear of the progress in Tunisia since the announcement of the agreement some months ago.
bernardoba wrote:Hello Johann and thanks for doing this AMA.
1) Which companies are Monetas´ main competitors in the industry? Blockstream? Lightning network? And why is Monetas a better solution?
What do you think about Chris Odom´s new company Stashcrypto.com? As far as you both use a similar technology, do you see each other as partners or competitors? Do you plan to work with Chris again in the near future?
2) Could Monetas system help Bitcoin to scale? Bitcoin is able to process only 7 transaction per second now, how many tps is able to process the Monetas system? VISA handles on average around 2,000 transactions per second...
3) I´ve noticed that winning the Swisscom challenge included a trip to Silicon Valley and meetings with acredited investors. Did Monetas make any investment deals with big VC´s there or valious network relations for further deals?
4) The commercial launch targeted for March 2016 is only for Tunisia? When will the Monetas mobile app be available to download from Google Play or the App Store for any user in the world? After Africa, are you planning to launch in South America? When?
5) I think Crypto Valley is a very good idea. However I´ve seen that Shapeshift and Xapo don´t appear in the Digital Finance Compliance Association and in the Bitcoin Association Switzerland websites, are they active members in Zug or they just have their headquarters there and nothing else?
What iniciatives or actions do you all carry on to develop the CryptoValley as an important cluster in Europe?
6) Is it easy for Monetas to find good talent in Zug? Most of the brightest people of the world are working in Silicon Valley, how can you compete with them? Do you have a high rotation of employees in the company or the people you hire stay with you for years? I imagine that there is also a battle for the existing talent in the CriptoValley between Xapo, Ethereum, Shapeshift, ... and Monetas. However, are you partnering anyhow to push the industry forward together?
7) We almost hear everyday about some big companies (Coinbase, Circle, Xapo, Blockstream, Uphold, ...) in the news, but a very few information appears about Monetas. Is it because you´re keeping a low profile because you want or because you don´t work the PR and social media channels properly?
8) What´s your vision for Monetas and Bitcoin for the next 5-10 years from now?
Keep up with the good work!
Skin_in_the_game wrote:Hello Johann
I was re-reading Antifragile by iconoclast thinker Nassim Taleb recently. He writesI have come to think it's a very relevant question and you can better weight people's opinions having an idea of how many Bitcoins they hold (or do not hold.) So Instead of asking their opinion on bitcoin, I'm now asking every participants the same question:"Never ask anyone for their opinion [...] Just ask them what they have -or don't have- in their portfolio"
- Do you mind to tell us which percentage of your personal net worth and/or liquid assets you hold in Bitcoins ?
ronnieb wrote:@Johann, Thanks for all your amazing contributions in the space!!
When do you SLEEP!!!!
Can you explain why banking the un-banked is important?
Can you elaborate on how division of labor builds cities/communities and where we would be without it?
Would you be willing to do a 15 minute hangout session at one of our Bitcoin Meetups?
_Mr_E wrote:Is Monetas still building Open Transactions or is that happening with Chris under Stash? Since the split, and the lack of any usage of either platforms, what is exactly is Monetas, OT, Stash and when we will have something that can actually be useful to everyday bitcoin users? Do you see your platform as a better way to ultimately implement ethereum without the need for a blockchain?
ronnieb wrote:Sorry, one more question.
Do you have any helpful contacts for setting up a legal entity (incorporating) in Zug, Switzerland? Any Firms or websites you might suggest as helpful?
Tectract wrote:Congrats on the big win at the Swisscom startup competition, Johann, it's quite impressive to see how you have brought Monetas along, and I think you guys could easily break into the mid-cap fund market in the new couple years. Are you guys fully focused on the recent product launch in Tunisia, or are you also preparing for other markets / product launches at this time?
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