We ask buidlers in the blockchain and cryptocurrency sectors for their thoughts on the industry … and we throw in a few random zingers to keep them busy!
This week our 6 questions go to Kain Warwick, the founder of Synthetix.
Cain Warwick is the founder of Synthetix, a liquidity protocol for derivatives at Ethereum. Synthetix processed billions of dollars in trade. Warwick previously founded Blueshyft, Australia’s largest cryptocurrency payment gateway.
1 – What is a problem that you think blockchain can solve but that has not yet been tried?
I may still be a 2017 idiot here, but I still believe that having an equity settlement with a decentralized ledger for equity settlement is a sane thing that is going to happen. However, this can only be done once the supervisory authorities are familiar with what is happening, etc. The associated efficiencies are just too obvious to be avoided. There are certain things that go with it. That means it will be a while before we see this. There have been strange little experiments, but I think a large-scale transition to something like this is still a long way off. But it will be very powerful when it happens.
2 – What’s Dumber: $ 500,000 Bitcoin or $ 0 Bitcoin? Why?
$ 0 bitcoin. There is only one zero chance – it is literally impossible for Bitcoin to go to zero. There is no market in which someone does not have a purchase price for every bitcoin above zero. It’s just functionally impossible. Whatever the canonical bitcoin is, even if it isn’t what it is right now – that specific chain or whatever – it has a price above zero. There is always a market for something, there is always a last resort buyer, and Bitcoin has far more last resort buyers – it never goes to zero.
3 – What should we teach our children?
I think we should teach our children not to blindly accept authority, which is difficult because there are so many things in children’s lives that are structured and controlled that they have no control over them. And so, teaching them to respect certain things while also considering that they should be questioned is a delicate balance.
4 – What’s the stupidest conspiracy theory out there … and which one makes you pause for a moment?
Probably the stupidest conspiracy theory is the Bill Gates microchip vaccine theory, and probably the Elon Musk microchip conspiracy theory is the one that makes me pause for a moment.
5 – Which people do you find most inspiring, interesting and funniest in this area?
I think Andre Cronje is simple and obvious. You never know what the hell he’s gonna do. Larry Cermak is good, Anthony Sassano is good, Mariano Conti is good, he is always of great value. Obviously, G (DegenSpartan) is always good.
6 – What talent do you lack and do you wish for? How would you use it if you had it?
I lack the talent to draw things and I would start my own NFT project if I had the ability to draw.