Howdy, this project / business has been really different than my earlier products and businesses in many ways. Most importantly, this is the first product I've worked on where I've need to get government licenses to operate. But, when we started the company, we assumed it was going to take at least 5-10 years before we reached anything close to mainstream adoption, which is pretty similar to the time it has taken for things like the web, e-commerce, online video, etc. to reach that scale. It's possible that mainstream adoption of our products can happen much faster, given how fast smartphone app distribution can happen globally, as long as we have the commercial relationships in place globally to fulfill that.Hi Jeremy, and thanks for your time. What were the biggest challenges of pioneering a technology into the mainstream (perceptions, dealing with regulators, banks etc), and how does Circle prepare for Bitcoin's moment of mass adoption without know when that moment will be?
Also, I've heard you mention in talks that you were a Political Economy major and that's what I am studying! How has your college education translated to your career in business and technology?
one of the things, frankly, that attracted me to the digital currency space was the fact that there was so much heavy lifting that needed to be done to educate policy makers and government, and the traditional financial sector, but that the result and/or outcomes could be really profound and deeply beneficial for the world. Not just from our products, but from the development of an open, global network for secure value exchange.
RE: my education, yes, I studied international political economy, and it was that focus that actually motivated me and inspired me in 1990/1991 to get heavily involved with the internet, which from my perspective, even then, was clear that this distributed and decentralized network, had the potential to really change the world and how it worked. We've been marching through the last 20 years breaking down barriers globally, reducing the relevance of nation-states, and I think that crypto ledgers and associated technology can be the foundation for fundamental changes in our political economy, in how organizations are structured and operated, of course in how the monetary and financial systems of money work, but ultimately can materially impact how public forms of governance happens. that's a very exciting area to be involved in, IMHO.
The fusion of my technical interests maybe was a bit of an accident. My dad got my brother and I an Apple IIc in 1982, and we hacked and learned a lot, and I guess was inspired by the values of the PC revolution, and then that technical leaning drew me into the internet revolution in the early 1990s, also inspired by a lot of the same classical liberal ideals that drove the PC revolution.