6 Questions for Andrew Levine of Koinos Group

“I think Bitcoin’s and Ether’s narratives are compelling and broadly appealing, so they will continue to attract new users and deliver valuable applications.”

by Editorial Staff 1 min May 29, 2022
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We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to Andrew Levine, CEO of Koinos Group, which is focused on accelerating the transition to a more decentralized future by helping entrepreneurial developers, entrepreneurs and enterprises build disruptive blockchain-based solutions.

Andrew leads a team of industry veterans accelerating decentralization through accessible blockchain technology. Their foundational product is Koinos, a feeless blockchain with infinite upgradeability and a proof-of-burn consensus.

1 — What kind of consolidation do you expect to see in the crypto industry in 2022?

There are too many general-purpose blockchains that are effectively competing with Ethereum (and one another) in a race to the bottom on fees. Only so many of them can survive.

2 — If the world is getting a new currency, will it be led by CBDCs, a permissionless blockchain like Bitcoin, or a permissioned chain such as Diem?

CBDCs, in the eyes of many, will combine the best of both worlds: the internet-nativeness of cryptocurrencies and the confidence of state-backed assets (and their military might). If the world is going to get one currency, then the odds are it will be a state-backed currency (a CBDC). If the world is going to get many currencies, then people will have many options on the spectrum between permissionless and permissioned.

3 — Do you subscribe to the idea of Bitcoin as a means of payment, as a store-of-value, as both… or as neither?

I do not. It is the on-ramp into the crypto economy as a result of its age and the depth of its markets, and it is the flight-to-safety asset people use when they lose confidence in more speculative crypto assets.

4 — Does it matter if we ever figure out who Satoshi really is or was? Why, or why not?

It doesn’t. He’s just some human who assembled a bunch of existing ideas into an innovative solution.

5 — Do you think governments will try and kill crypto?

No. There’s too much tax revenue potential.

6 — If you didn’t need sleep, what would you do with the extra time?

I’d spend more time with my child.

A wish for the young, ambitious blockchain community:

Focus on creating real value.

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Editorial Staff

Cointelegraph Magazine writers and reporters contributed to this article.