On Monday one of our senior editors at CryptoArticles had the opportunity to interview a senior Manager who works at Exxon for nearly 30 years. His name is Mr E. Joris and during his distinguished career at Exxon he developed many different strategies and build up Exxon facilities all over the world. He is also a close family member of one of our senior editors and thus has been introduced into the world of crypto.
Serge: So here we are again Mr. Joris. It is always good to see you again. How have you and your Bitcoins and altcoins been these past few months?
Mr.Joris: Hello Serge, yes I love coming here because every time i come here I learn something new from you. I have to admire JP and you for still being writing great professional articles about digital currency, despite the numerous responsibilities you both have. I’ve also seen that you expanded your team a bit. That is a good thing. Both of you can spread the load a bit, though I do not know if they are really good writers. I haven’t read any article of them yet. That is on my “must do list” for 2015 ( laughs).
As far as my Bitcoin wallet is concerned, well it is growing at a fairly rapid rate. I have also had some luck. We all remember the ups and downs the Bitcoin price made in November. It was the classic buy/sell scheme that was, and still is, being used on real time exchanges like the NYSE. I got into that action in that turbulent time. “Certain habits die hard” especially when it comes to day trading.
Now where altcoins are concerned I am just looking at what they do or if there is something interesting they are developing. If not I will day trade a small amount and see how it goes. Some of my portfolio you know already: Blackcoin, Darkcoin and I recently purchased some Litecoins. It is also one of the longer existing “altcoins” out there so I gave it a try.
However I also bought a lot of GEMS because these guys and girls do have a brilliant product that will have success. Between the eroding privacy on twitter, flikr, facebook and other social media, not to mention the profoundly annoying ads, I think that this social media project and its messenger will be doing great. I know what you are thinking. He is just saying this to protect his investment, and yes I am, but let me explain why I have a good feeling about GEMS. 1) They have an actual business model that is clearly stipulated when and where everything will appear. 2) The messenger they are currently testing and fine tuning is a real thing, not something that is “on the assembly line and will appear somewhere somehow”. 3) I actually spoke/chatted with Mr Peled and Mr. Frost, both great people, and they clearly explained what the next steps will be.
This last point is very important for me. if you have a business leader that doesn’t know their item, product or have any sense of what will come next, throws up a whole lot of “warning signs”. Other people, like the more mainstream investors see those warning signs also and quickly back away. However there are exceptions. The recent ZiftrCOIN is a nice example of how traditional, mainstream companies are using digital currency to secure funds from mainstream investment firms.
Serge: Since we are in the holiday season we will abide by some of the Christmas spirit. What were for you important events of the past year?
Mr. Joris: There are quite a few. First there was the grudging acknowledgement from prominent member inside and outside the technology sector that Bitcoin is “not of the devil” but a currency and a technology that stimulates innovation”. I refer to the speeches of Bill Gates and others.
The second event is the financial sector’s interest in the whole digital currency in general and Bitcoin, and the related technology concerning Bitcoin like Blockchain. For some this is quite surprising but for those who know how banks operate, like you and JP, it is no big surprise. But something is coming in 2015 that even makes the credit card companies nervous. Since the laughable attempt of some credit card companies, which you did a good job on exposing, to discredit Bitcoin without actual proof is a sign that there will be interesting developments to come.
The scampering around of certain credit card companies, who frantically trying to protect their monopoly of about 45% of the world population that uses credit cards (Majority of the credit card users are in Western based or affiliated with more technology evolved countries). Now imagine how many people have access to the internet? In Africa you have internet cafes where people can, rather cheaply use the internet. In other developing countries it is the same trend.
According to sources of the UN there are now around the 3 Billion people that have connection to internet. Now without knowing their definitions and parameters you can fairly add another 1 Billion to that estimate of the “illegal” syphoning access to the internet and people using internet on occasion. Everyone knows statistical data is notoriously problematic for sketching a “real world image”. Most of the time I live in Thailand, where people string electric and internet cables how they please or think it should be. So I think that nearly half, or maybe a bit more, does have access to the internet in one form or another.
If we believe the statistics to be true in 21 years we went from having only 15 million internet users to 4 Billion. Imagine now, the development phases are continuing each other on a more rapid pace, how this will go for digital currency. I like using the example of a dog barking to a raging hurricane. The dog, aka the credit card companies, barks and howls to the hurricane (innovation and Bitcoin/digital currency). The storm comes no matter what, the dog can’t do anything about it. After the hurricane has passed either the dog is dead, severely hurt (aka dying) or has found shelter to withstand the hurricane (this is integrating Bitcoin and other digital currencies in their business model).
I believe, like you do, that the credit card companies are feeling the searing hot breath from Bitcoin, digital currencies in general and from the BANKING SECTOR. Yes I said the banking sector and no you haven’t been drinking too much gluhwein or choco loco, or whatever you were drinking. There have been indicators the whole year round that the financial sector is trying to understand Bitcoin and the technology surrounding it. It is a desperate cry for innovation that the credit card companies failed to deliver. Now some people might say “yes well that is not true. They are creating the new products”. I say to those people: no they are not. IF they were innovative they had done something different, not just changed the colour of their credit card or the logo. It is like a music band that just changes the tune but the song still stays the same.
But I’m digressing a bit. Another great event was the Bitcoin comic. I think it is a great way to introduce Bitcoin, its creation and some of the “lingo” to the general public. People need to be educated about digital currency and what it can offer them. I also think that people should do a “cold turkey” from everything credit card related. Yes it is fun to use and you do not have actual money in your pocket… wait a minute isn’t that just the same as Bitcoin and other digital currencies ( gasps sarcastically).
We as a world population have become too complacent about the use of money and the credit card lone sharks are taking advantage of that.
Let me tell you about an experience I have had in one of my hotels. For those who do not know I’m a partner in a couple of resorts and hotels in Thailand. I also own some high end apartment building throughout Thailand (including in Bangkok, Chiang Mai and a couple of other places in Thailand). Because I like to be on top of things I greet sometimes guests and help out with certain things in the hotels. This is how I met Oliver and his family. He has 2 daughters and 1 son. The son went to Harvard University and even before he got there he received a credit card in the mail. Long story short, he racked up nearly 16 000 dollars up in debt. Oliver who is an important business man and Venture Capitalist did repay the credit card company (will not say the credit card’s name) in one payment. Now his son isn’t the only victim. So some good advice is: take your time to actually READ the fine print. A contract that allows a company to change the rates or anything else in an agreement or deal is not done. Business people do not accept such behaviour and neither should you.
So I would advise everyone to use their credit card, if you have them, to use them only sparsely. If you want to buy items or products, use real money or use Bitcoin. There are great websites out there, like all4btc, which you can use for amazon or ebay purchases. So I again added another “event/development” to this list.
Serge: Any predictions for 2015 and Bitcoin or other digital currencies or digital currency companies?
Mr. Joris: We will see, maybe very soon, that the financial sector will make a move toward Bitcoin and the technology surrounding digital currency. Bitcoin is far from perfect and has a lot of things that need to be changed but all of that will work out somehow.
With the more general acceptance of Bitcoin, there will be more people going to use it. This will create a demand and the price will be a bit more volatile than it now is.
The governments are also looking toward Bitcoin and understanding it a bit more. If they are just doing so because the banking system or other organisations are pushing them to do so, behind the curtain so to speak, that remains to be seen. However it is good that there is a dialog between the governments, the crypto community and others.
However the Australian government did throw a curveball into labelling Bitcoin as “ not a currency”. That gives them the right to tax anyone. Yes there is going to be an entire bitcoin discussion the Australian parliament but nevertheless the GST act enables the government tax Bitcoin as of right now. Normally taxes aren’t levied on currency so this is quite a strange curveball. Since it is again unclear what they exactly mean an who actually will be liable for taxation, is it only for exchanges or is it for everyone, is unclear. That is why I think the GST act will not be implemented immediately. It may be a prelude for something different or it may be still a sign of force on the government toward the Bitcoin community to say that “the government can and will, if necessary, strong-arm you all into submission”, which is absolutely ridiculous. IF Bitcoin is banned then there are about 1200 different altcoins that users could fall back to. I’m a huge sci fi fan so let me use a quote and it is up to you to find out where it came from: “When we get our foot in the door, they will never get it out”.
There are also some great developments coming up, which I can’t talk too much about since I’m an investor in certain projects, which will be announced in 2015. So I think 2015 will be a great year.
Serge: What were the “not so good things” you noticed in the Bitcoin community?
Mr. Joris: Like I stated in previous interviews the constant lack of professionalism and people with professional attitudes, like you and JP have, is nearly non-existent on other news sites that write about digital currency. Now if people just would listen to some of the critiques they receive, no not the idiotic responses that say: “your article isn’t correct because I say so” or something along those lines, but real critique then it would be far better.
It is a fact that 92% of the people that are currently writing for Bitcoin news sites, excluding the people with actual university degrees and enlightened people that are willing to learn, should never be allowed to write in the first place for news sites or news agencies. Now this is the reason why education is every important, maybe even more so, to be able to take critique and generally wanting to learn.
Another thing that I noticed is that some people, also speakers at conventions and conferences are using “big words” to bedazzle, other people might say bamboozle, people and listeners. Now it is great that people use sophisticated words, provided that they are aptly used, which more likely not the case. I know speakers want to be all “intelligent” and “ look at my vocabulary” but you do realise that this only makes you look amateurish at best and the corporate media will slap you silly with that. They will say: “ See, what did we tell you? They even can’t talk properly or use correct English. This is clearly a scam/fraud/Ponzi, whatever”.
However I will give the only advice I’m giving out this year for free to the people that made and are still making these mistakes: there is an easy fix to it. Explain what you mean when using more sophisticated words. Remember that you are talking to a community that are made up out of many nationalities.
Let me give you an example: I was attending a convention in Thailand about precious metals and currency. There was a Harvard professor that was using quite understandable language in his “lecture” ( not too sophisticated). After the lecture was finished some of my Asian friends had problems with some of the terminology used in the lecture. This was because of the language barrier for not native speaking people. There are a whole lot of other reasons why this is so but I won’t get into them right now.
Another thing that I really hate is people trying to trash the validity of an authors, journalist, etc work just by saying along the lines: “you are wrong because I say so”. That are just the most idiotic and laughable attempts feeble minds can try to undermine someone’s publications. If you don’t back up your claims with relevant sources it is just an opinion and I am sorry to say your opinion doesn’t count for much. Usually these “claims” are made by cowardly people that hide behind screen names. So to
all you hard, professional crypto writers out there: don’t let some malcontents get to you.
Just to make it abundantly clear: these are my views on the matter. Attacking JP, Serge or anyone else of the CryptoArticles news site will not change my mind nor will some feeble attempts to try to attack the news site itself. You do realise that if you do so you are being a dictator and can also be labelled as a terrorist but of the cyber variety right?
Anyway I would like to conclude that all in all 2014 was a better year than 2013. There have been more developments, with triumphs, setbacks and some failures along the way but all in all it was a fairly good year. To the CryptoArticles team I send you all the best wishes and a lot of Bitcoin fortunes in 2015.
We, Serge and the entire CryptoArticles team, like to thank Mr. Joris to take some of his valuable time to sit down with us to do an interview. We would also take this opportunity to wish Mr. Joris, his family and the entire staff of his hotels a Merry Christmas and a happy New-year.