Do you own any bitcoin or ETH?
No, like I said I am a believer in the private blockchains, and I don’t really, personally, believe in the all these cryptocurrency, because I think there are way too many issues. If anyone is interested, they can go and look at my videos, many featured on YouTube, where I discuss a greater length. My own personal feelings, it’s not necessarily something IBM opinion, but I am not really the believer in the idea of creating something of spending energy and things like that, and trying to make it some ways to compete with fiat currencies. So I don’t own any Bitcoins. I tell people, if you are in to gambling, you should go for such things, but not other ways.
Do you own any stocks?
Yeah, of course. But I treat them very differently, cause I own a lot IBM stocks since I’ve been an employee. And I do own some other stocks, but I don’t really equal the two, the cryptocurrencies and stocks, because stocks are based on companies that have real products and services that they perform, but in my opinion all these cryptocurrencies are not necessarily linked to real world GDP, productivity.
Do you play Poker?
Do go to Casinos?
Nope. If I go, I just watch think entertainment. I think I am consistent.
In fact, I regularly get into debates of open blockchain vs private blockchain. I’ve already giving talks in 9 countries since I started speaking for the first time, in Hong Kong, in April last year. I am invited to give keynotes and seminars across the globe. So it’s kept me quite busy.
Many developers want to build their projects using blockchain technology, but a lot projects want to raise capital through ICO, this is controversy as your opinion here. Do you get developers upset about this? Or do you get more supporters?
Some people try to argue with me that, they do have value of all that. But I still haven’t heard enough comments and arguments as to why you need cryptocurrencies as opposed to, for example digital presentation of fiat currencies. And all ICO things is also I am very nervous about, having watched in 2008 the financial industry. For me, having been in Silicon Valley for 36 years, having see the .com boom and .com bust, I don’t want something be treated as being important just because a lot of money has been put into it, because that sort of things happened in those two previous situations. I really want some more solid fundamentals to be the base of this.
IBM Fellow, IBM Almaden Research; Distinguished Visiting Professor, Tsinghua University; Past IBM India Chief Scientist.
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