Flash Coin & the Bitcoin Ecosystem – Chris Kitze Discusses Where the Blockchain Industry is, and Where It's Headed
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 16 June 2017
⏱️ 45 minutes
🧾️ Download transcript
Summary
Chris Kitze, CEO of FlashCoin, a private blockchain platform for both application development and incentive based consumer marketing. Kitze describes that, despite the importance of Bitcoin to the marketplace, it has flaws that have allowed competitors such as FlashCoin to gain footholds in the industry.
In other words, in many respects, such as buying other forms of cryptocurrency, Bitcoin is irreplaceable; yet, Bitcoin is also slow and incurs too many fees that make small transactions impractical. Kitze believes that Flash, the unit of exchange, offers a better solution. He also explains the type of governance model on which the Flash philosophy is based and the most important challenge to overcome.
He also touches on the prospects of a future gold-backed cryptocoin as well as those of a U.S.-based exchange and why there isn't one now. He also explains whether or not Donald Trump as President is beneficial to the industry. He shares his predictions for Bitcoin, FlashCoin, and the cryptocurrency market overall for the remainder of 2017 and into 2018.
If Bitcoins interest you, you'll want to hear Kitze's predictions for its future worth (hint: the current $2000 or so for one coin is a pittance). Finally, he reveals the best way to keep abreast of all the action in cryptocurrencies.
Here's what else you'll learn:
* Why Kitze believes that the current state of the industry "is a replay of the dot-com boom" and what the consequences could be
* The five specific advantages of FlashCoin over Bitcoin and why the model being built is considered an eBay-type over-the-counter digital trading platform
* That now is a perfect time for software developers to get in and the three things that his and other cryptocurrency companies are looking for in developers
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Transcript
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| 0:00.0 | Welcome to Almost Here, Round the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:07.9 | Future Technologies always to transform our lives for better or worse are the focus of this podcast. |
| 0:13.6 | Almost here means these technologies are now here and starting to be used. |
| 0:17.7 | We're just around the corner. |
| 0:19.7 | From Bitcoin to artificial intelligence, 3D printing, blockchain, virtual reality, and more. |
| 0:26.3 | Hello, this is Richard Jacobs with Future Tech Podcast. |
| 0:29.7 | Today of an interesting guest I talked to a while ago. |
| 0:32.9 | Chris Kipzig, created a flash coin and megacoin. |
| 0:37.4 | Chris, how you doing? |
| 0:38.5 | I'm doing great. |
| 0:39.4 | How are you today, Richard? |
| 0:40.5 | Good. |
| 0:41.2 | Besides being a little rasty. |
| 0:42.6 | I appreciate you taking the time. |
| 0:44.9 | So would you tell folks a bit about the coin, Flashcoin, |
| 0:48.7 | and first a bit about yourself and what you do? |
| 0:51.0 | Sure. |
| 0:52.3 | I've been an entrepreneur for 25 years, and I've done a lot of different kinds of companies, |
| 0:58.1 | and I got interested in the crypto space. |
| 1:00.8 | Michael Turpin introduced me to Bitcoin in, I think it was 2011, |
| 1:04.9 | and I went and tried doing some mining. |
| 1:07.4 | And after about a week of my computer, I had a Mac Pro, or one of the old powers. You know, it sounded like an airplane was going to take off for about a week of my computer, I had a Mac Pro or one of the old powers. |
... |
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