By @SimonCocking

What is your background briefly?

My background is in Biochemistry, Intellectual Property Law, Fine Art, and Film. My films have explored topics involving the nexus between culture and technology; such as Internet Addiction and Internet Celebrity. My newest film BITXBIT: IN BITCOIN WE TRUST investigates a new digital value exchange system and the impact it will have on culture and our future.

Does it seem like a logical background to what you do now?

In essence my background is Science, Law, and Fine Art and this has proven useful in documenting this journey with a view into a future empowered by Blockchain.

1 min pitch for what you are doing now?

In filming BITXBIT: IN BITCOIN WE TRUST, we interviewed 100’s of experts in the field and identified use cases with the most potential to impact humanity positively. Now, three years later, I am continuing to help tell the story of cryptocurrency including groundbreaking developments in crowd funding, alternative Blockchains (including Ethereum, Hyperledger, Litecoin, and others), and the futurists that inspire us.

What inspired you to make the movie?

I am inspired by the premise that the world being developed today, is much different than the world of yesterday. This change is due, in part, to Disruptive Innovation.
Disruptive Innovation can be seen in Robotics, Artificial Intelligence, Supremely Quick Logistics, Genome Sequencing, and Bitcoin/Blockchain Technology. Bitcoin and other Blockchains allow ownership of any asset to be transferred anywhere. The use cases that emerge when costs are reduced affords opportunities in remittance payments, microtransactions, machine to machine communications, scientific research, and international trade. Bitcoin also offers the vast majority of unbanked people easier access to the global marketplace and new pathways to engage a global audience.

There are a lot of pronouncements about the great things cryptocurrencies can do versus the feeling that there is a goldrush where not all that glitters is gold – how do you see it?

We are still in the nascent stages of Bitcoin technology. Since the publication of Satoshi Nakamoto’s White Paper just a few years ago, we have seen increasing research and investment into how the efficiencies and security of Bitcoin can be applied to a variety of industries from Healthcare to Venture Capital to Supply Chain Logistics. In BITXBIT: IN BITCOIN WE TRUST we identify several promising uses of Bitcoin as well as some of the challenges that Bitcoin has faced and overcome. (The Bitcoin community at large terms this resiliency “Anti-Fragile” as defined by Nassim Nicholas Taleb in his book “Antifragile:Things That Gain From Disorder”).

For people living in countries with high inflation, Bitcoin has immediate utility as a store of wealth, but the promise of Bitcoin goes beyond money and currency and opens possibilities of a programmable money powered by Smart Contracts and machine to machine transactions.

Any tips for people who might be thinking of investing in cryptocurrencies?

Don’t risk more than you can afford to lose. Recognize that it is a highly speculative early stage industry with great potential but unknown variables still to be discovered. I would suggest buying a small amount of bitcoin to start from a reputable well known bitcoin exchange. In the US, Coinbase, Gemini, and Kraken are popular on-ramps to Bitcoin, Litecoin, Ethereum and a host of other crypto-assets. Check out coinmarketcap.com and dig deep into the tokens, their respective teams, marketcaps, trade volume, activity on social media, roadmaps, and specific utility.

Who are your sources of inspiration and information?

The Bitcoin and Crypto Community comprises a geographically diverse and futuristic minded community with varied interests and projects impacting a wide array of industries. The experts in BITXBIT: IN BITCOIN WE TRUST include Perianne Boring from the Chamber of Digital Commerce, Jerry Brito from Coin Center, Marshall Long from EBoost, Will O’Brien from Keen IO, Alyse Killeen Venture Capitalist, Pamela Morgan from Third Key Solutions, Francis Pouliot from Catallaxy, and many others. More broadly, I appreciate the contributions by Fluffy Pony (Monero Core Developer), Adam Draper (Boost.vc), Laura Shin (Forbes and her podcast Unchained), Barry Silbert (Grayscale), and Maria Jones (Cointelegraph).

How can people find out more about you?

Please take a look at bitxbitmovie.com and on facebook at https://www.facebook.com/bitxbitmovie/

Anything you’d like to add / we should have asked?

Never underestimate the ingenuity of necessity.


If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking