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Soramitsu: Building A Rational Economic System
Sebastian Moonjava joins Makoto Takemiya, CEO of Soramitsu, to discuss Takemiya's journey into crypto, the founding of Soramitsu, the importance of XOR, efficient supply allocation, governance, and the future of the space. Takemiya started Soramitsu with the goal of using blockchain solutions to help solve different inefficiencies in society. Sora is a decentralized economic system that aims to rationalize the allocation of capital across economies because most crypto economic systems such as Bitcoin do not have a rational way to allocate newly minted tokens. Typically, central banks have economic units that work to plan allocating credits in the economy, and this creates the world as we understand it today with productive economic growth. In Takemiya's view, creating a decentralized way to manage this is important—centralized systems can lead to moral hazard where individual parties can use the system for their own gain. When Takemiya first began engaging in the blockchain space, everyone was focusing on Bitcoin and Ethereum; however, he feels that the crypto space should not be winner takes all. He states it is important that there are different blockchains that serve different ecosystems with their own politics and governance, and it is equally important to provide a protocol for them to all work together, which is why Sora was built on top of DOT and Kusama. Filmed on April 29th, 2021. Key Learnings: In order to create a successful digital asset, protocol, or system, Takemiya states that one needs a clear understanding of macroeconomics and data—without this, there is no way to build a rational economic system. XOR is the native token of the Sora network; however, Takemiya states that the token aims to be much more than that as a store of value and a medium of exchange. While other currencies have attempted to do this, he feels that the economics are strong as higher volatility becomes difficult to use the currency in daily lives. With XOR’s utilization of a binding curve to manage the token supply, the protocol is able provide a clear and transparent way to manage the circulating amount of money. Takemiya says with a token-binding curve, users are able to have a smart contract that allows them to put in a reserve token and receive newly minted or allocated tokens, which achieves stabilization. As the smart contract provides clear buy and sell functions, a margin of 20% is created to help stimulate secondary markets, achieving a rational economic system that allows for real world application.
The Global Impact of Bitcoin Education
Real Vision crypto editor Ash Bennington welcomes Cory Klippsten, founder of Swan Bitcoin, to discuss his journey into crypto, the founding of Swan Bitcoin, Bitcoin education, the development of layer 2 solutions and beyond, and how Bitcoin can help or harm the world. Since leaving Google in 2013, Klippsten has spent his time operating in Silicon Valley, working with startups to advise and raise capital through seed A and B stages. It was through tech and these connections that he found Bitcoin in 2017. Through his evaluation, Klippsten found that the Bitcoin project was sound and worth building his own company, Swan Bitcoin, to help others safe, easily, and quickly enter the space. Swan Bitcoin encourages self-custody and education into the space. Klippsten views Bitcoin as the third leg of the stool in one's "set it and forget it" wealth building plan with the first two being a 401K and a mortgage. According to Klippsten, by creating a baseline of automatic reoccurring purchases, auto dollar-cost averaging (DCA) or, as he calls it, getting paid in Bitcoin, is a great way to build a solid foundation for oneself. Filmed April 29, 2021. Key Learnings: It is clear to Klippsten that Bitcoin is the new global money. If Bitcoin’s market cap continues to rise, Klippsten predicts that more and more people will hold their wealth in Bitcoin. Where there is friction going back and forth between bitcoin and traditional units of exchange over the next 10 years, it will eventually become easier to exclusively transact in bitcoin. Further, Klippsten believes that Bitcoin holders will be much more comfortable spending bitcoin once the expectation of its meteoric rise begins to taper. Once it reaches a $20 trillion market cap, which he expects over the next decade, this shift will occur, and by 2035, most goods and services will be able to be purchased with Bitcoin globally. Klippsten identifies that there is a direct line between one's understanding of Bitcoin and how much a user is willing to allocate their assets to it. It is through education that Klippsten feels Bitcoin and its usage will continue to grow.
Fireblocks: Securing the Digital Asset Infrastructure
Real Vision senior editor Ash Bennington hosts Michael Shaulov, founder & CEO of Fireblocks, to discuss how Fireblocks helps organizations within the digital asset space secure their infrastructure, misunderstandings between wallet & key management, risks, regulations, and future applications. Shaulov explains that Fireblocks supplies the rails and wallet infrastructure to some of the largest players in the digital asset space. Shaulov states that there are three problems that Fireblocks are helping to resolve—wallet, how one conducts transfers, and how to ensure the first two problems are handled properly and void of security threats. While Shaulov shares how there are many good solutions already out there to move the financial industry onto new rails, they have varying levels of success. What is needed for clients and individuals to align with what they might consider the best solution to be is thoughtfulness, sensitivity, and transparency from experts so as to ensure the solution needed is readily available and easy to be acted on. Filmed on April 30, 2021. Key Learnings: Shaulov explains that there are very few organizations in the world that are able to defend against supply chain attacks. Shaulov states that on the customer side, the question is, "Do you have a technology that can facilitate those processes?" Fireblocks has built an infrastructure that allows users to customize their levels of authorization and automate deployment rules to validate and secure transactions, making it difficult for a user’s funds to be compromised.
Sygnum: Paving a New Banking System with Heritage
Real Vision co-founder and CEO Raoul Pal hosts Mathias Imbach, co-founder of Sygnum, to discuss Imbach's background, Sygnum's services, European regulations, central banks, and the future of digital currencies. The notion of leveraging today's internet infrastructure to monetize data at the cost of users triggered a fear in Imbach concerning where the current financial structure could ultimately lead. It was in the discovery of the Ethereum white paper that Imbach realized that there could be a better way with smart contracts giving users more control over their data. With that in mind, Imbach co-founded Sygnum with the goal to build a system that was regulatory compliant to help bring real adoption to the space, building a bridge from today's financial world to where they believe future finance will be. Imbach explains that Sygnum's mission is to empower everyone with more access to ownership and value, and he explains that while one may view a bank as doing the opposite because it is a centralized entity, it’s the first step toward that ultimate goal. It requires taking regulators, governments, and national banks along with you from a legacy system to help found and scale a new one. Key Learnings: Imbach states that although Sygnum has a banking license, he identifies the firm as a technology company. According to Imbach, the ethos of Sygnum is that the future has heritage. While the current financial infrastructure is heading towards a smarter, more decentralized, and accessible direction, elements of today's world will not simply vanish—Sygnum aims to combine these elements.
Tokenizing The Workforce for a New Digital Age
Kennon Kincaid, COO of Odgers Berndtson, joins Raoul Pal, co-founder & CEO of Real Vision, to discuss his background in national security, his journey into crypto, and how blockchain is disrupting executive search. When Kincaid joined Odgers Berndtson, he was tasked with considering how to disrupt an industry that has not changed in 60 years, which caused him to think about people, information, data (redundant?), and how it is used to identify the best talent for a role. Kincaid states that blockchain technology in particular will play a very important role in the future of talent acquisition, and Kincaid aims to position Odgers Berndtson as a leader in that field. With today's level of data and insights, applying learnings to the blockchain can empower greater decision making at the highest level of advisement. Filmed April 26th, 2021. Key Learnings: According to Kincaid, it is estimated that 60-70% of applicants lie or omit information from their resumes. He considers how tokenization of applicants and the application of this process on a blockchain can simplify executive search by cutting down on the time spent vetting and actually finding the top applicants for any role. Kincaid believes that, through this process, one will have immutable aspects of everyone's CV, which in turn will allow talent to have greater power over their information with the ability to monetize in a transparent and clear way. Kincaid states that, through the tokenization of oneself, one is creating a base layer of truth that ultimately will drive value to the space.

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Soramitsu: Building A Rational Economic System
Sebastian Moonjava joins Makoto Takemiya, CEO of Soramitsu, to discuss Takemiya's journey into crypto, the founding of Soramitsu, the importance of XOR, efficient supply allocation, governance, and the future of the space. Takemiya started Soramitsu with the goal of using blockchain solutions to help solve different inefficiencies in society. Sora is a decentralized economic system that aims to rationalize the allocation of capital across economies because most crypto economic systems such as Bitcoin do not have a rational way to allocate newly minted tokens. Typically, central banks have economic units that work to plan allocating credits in the economy, and this creates the world as we understand it today with productive economic growth. In Takemiya's view, creating a decentralized way to manage this is important—centralized systems can lead to moral hazard where individual parties can use the system for their own gain. When Takemiya first began engaging in the blockchain space, everyone was focusing on Bitcoin and Ethereum; however, he feels that the crypto space should not be winner takes all. He states it is important that there are different blockchains that serve different ecosystems with their own politics and governance, and it is equally important to provide a protocol for them to all work together, which is why Sora was built on top of DOT and Kusama. Filmed on April 29th, 2021. Key Learnings: In order to create a successful digital asset, protocol, or system, Takemiya states that one needs a clear understanding of macroeconomics and data—without this, there is no way to build a rational economic system. XOR is the native token of the Sora network; however, Takemiya states that the token aims to be much more than that as a store of value and a medium of exchange. While other currencies have attempted to do this, he feels that the economics are strong as higher volatility becomes difficult to use the currency in daily lives. With XOR’s utilization of a binding curve to manage the token supply, the protocol is able provide a clear and transparent way to manage the circulating amount of money. Takemiya says with a token-binding curve, users are able to have a smart contract that allows them to put in a reserve token and receive newly minted or allocated tokens, which achieves stabilization. As the smart contract provides clear buy and sell functions, a margin of 20% is created to help stimulate secondary markets, achieving a rational economic system that allows for real world application.

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