Austin, Texas’ bow-tied Bitcoin evangelist Paul Snow has been working with computers for more than 30 years. So perhaps we can forgive him for scooping up a bunch of Bitcoins back in 2011 at 77 cents apiece and then promptly forgetting about his investment until 2013.
Does it need to be mentioned that a Bitcoin was worth considerably more than 77 cents by 2013?
Since then, he has become a vocal proponent of the currency, co-founding the Texas Bitcoin Association and helping organize last month’s Texas Bitcoin Conference.
He has also organized a few Passing Bitcoin Around the World Events in order to showcase the currency’s potential and raise money for a worthy cause.
We had a chance to speak with Paul Snow earlier this week.
CoinTelegraph: Techzette said you realized sometime in 2013 the value, in USD, of the Bitcoins that you had bought a couple of years earlier. How did that conversation in 2013 go with your wife once you had the realization?
Paul Snow: It took my wife, Linda, by surprise. She also quickly became a believer. She has spent 30 years doing mask design and physical design for microprocessors. We have spent some time discussing the trials and tribulations of ASIC design in the Bitcoin ecospace. She also played a key role in organizing the Texas Bitcoin Conference. So, I would say the conversation in 2013 with her about Bitcoin went very well.
CT: Tell us about what’s going on with the Texas Bitcoin Association. Is there anything happening at the moment that you are excited about?
PS: The Texas Bitcoin Association will be sponsoring a number of Texas Bitcoin events targeting merchant adoption, state regulation and education for cryptocurrencies. Stay tuned!
CT: What were some of your big takeaways from March’s Texas Bitcoin Conference?
PS: Bitcoin 2.0 (using cryptocurrency technologies to trade assets, manage contracts and build distributed autonomous corporations) is going to be huge. The Bitcoin 2.0 Hackathon brought in programmers from all over the world. Applications included accepting payments over Ripple, a distributed Dropbox-like application, funding for TOR relays, ride-sharing, bounty management for Bitcoin 2.0 workforces, identity verification over the blockchain, and more. Also highlighted at the conference were a number of critical Bitcoin security products. Rivetz's Stephen Sprague discussed how they will be turning every laptop into its own hardware wallet for Bitcoin.
CT: What demonstrations do you have lined up for this year to showcase Bitcoin’s potential?
I will be doing the Passing Bitcoin Around the World demonstration sometime this summer. This is a "Financial Relay," where we demonstrate the power of Bitcoin to mobilize funds by sending a bit of Bitcoin from one person to the next around the world before finally donating the amount to a charity. You can learn more at Passingbitcoin.com
CT: Our readers, at least the ones in North America, know how great of a city Austin is in general — for food and music in particular. What about for Bitcoin enthusiasts and entrepreneurs? How is Austin for them?
PS: Austin is a fantastic town for Bitcoin. We have three Bitcoin ATMs, very active Bitcoin and Mastercoin meetup groups, and many Bitcoin businesses. These include CoinTerra, Cloudhashing, Open Transactions, BitAngels and others.