|Place of birth||Minneapolis, U.S.|
|Place of residence||Puerto Rico, U.S.|
|Alma mater||University of Southern California (didn't graduate)|
|Known for||Early crypto advocacy and investment|
Former child actor, entrepreneur and philanthropist Brock Pierce has been involved in the virtual currency business since 2001, when he founded Internet Gaming Entertainment. Pierce is the chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether and Mastercoin.
Blockchain Capital, which was founded in 2013, was the first sector-focused venture fund that invests solely in blockchain technology companies. He has raised more than $5 billion for companies and organizations he supports. He is currently focused on social impact in Puerto Rico, where he is now a board member of the Integro Foundation, which supports environmental initiatives and cultural preservation on the island.
Accomplishments in 2019
In February, Pierce announced plans to relaunch the failed Mt. Gox cryptocurrency exchange and return value to creditors who lost their BTC holdings when the exchange was hacked in 2014. The deadline to compensate BTC holders defrauded in the hack has been moved to March 2020. At the Tulip Conference in June, he expressed concerns that the EOS Block Producers are now largely governed by a “Chinese oligarchy,” which would run counter to any claims of the network’s decentralization. Pierce has been active in promoting a burgeoning crypto scene in Puerto Rico, where he has been active since Hurricane Maria.
What we (CT) expect in 2020
2020 will hopefully see some resolution to the Mt. Gox situation. Whether or not Pierce’s plan is implemented, compensating the defrauded holders would be a positive development for the industry. This new year will also see the EOS network adapt to its inhibitive governance issues that has caused systemic problems in the $3 billion ecosystem.