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THE BOSS OF BITCOIN!
Have you asked: What is Bitcoin Cash, How to Buy Bitcoin, Earn Free Bitcoin, How to use Bitcoin, How Bitcoin Works, What is Bitcoin, How to Earn free Bitcoin ?? If so then welcome to our community! I'm Brandon Kelly the Crypto Trader and while I am not Crypt0, Crypto Nick, Jerry Banfield, Chris Dunn, BTCKyle or one of the Thechartguys - I am the Boss Of Bitcoin - my channel covers the technical analysis of crypto trading, icos, ethereum, cryptocurrency news, BCC, and digital currency technical analysis, and most notably when bitcoin price hits an all time high - resulting in the bitcoin bubble.
You know and it was amazing just speaking with you
Initially, and now I think that zinc catch is out there. It's on the market. You know it has a community has a following
Kind of you guys can see we can see you guys are literally building this thing up from the ground floor
So would you be able to speak on how that process is going and you know kind of what the value?
That's in cash is creating comported crypto works sure absolutely
So I got started with this in cash
Cash back when I started mining Z classic so Z cash launched
I guess about a year ago
and the facility were in is my big mining facility and you know went back and you saw the
expansion that we're doing I'm very excited about that we should have about 400 miners done here and
So this is a good place to be you know you're we're in a high-tech area of Georgia. You know us, Alpharetta area
There's a lot going on here a lot of data centers around here
We got good power, and it's a good place to do this kind of stuff so
I was mindin see cash and then Z classic started
No, sir
That was good one of mine make money on and I was talking to people in the community and one things I noticed in crypto
Currencies is it's really important to have a good community. Good strong community and
There's people from all walks of life and all interests committed Allen can contribute in different ways
Which makes a lot of fun and then everybody has all sorts of different perspectives as well right and so you got to be open?
To listening to people's perspective
But let's just tell them what my business partner backed out he's like you know the price is going up so high with Bitcoin
What's going around? I'm like
I don't really go up, but it's gonna go down
But I'll tell you that this is the fourth you know
Fast-growing industry that I've seen and I missed out on the PC revolution. I missed out on the started the internet
I was kind of there for the dot-com most working for Cisco Systems and then
I'm like I'm definitely gonna be here for the cryptocurrency
industry so
We got together with
I got together with some other folks that are part of the C classic team
And we're like hey you need to do this we should do that
We should take in some best practices and the folks lolz classic has a very good charter being
a no-cost version of Z cash we need to do something new
But who wanted to do that so is able to get together with a few other folks
And we said what we're going to take some best practices from Z cash
you know the blockchain technology from Bitcoin the ZK snark the zero knowledge proof technology from
Z cap stream and then some of the governance and reward models attached and kind of put that together and
Work to run it in a kind of a professional manner right, and I think that's an evolution
That's happening you're seeing that problem with some of the AI cos you talk to how you've been involved in covering
some of the ICS
and
You know one of the things that they need to do is when they get a big chunk of money like that is immediately put
In place a professional and experienced team that knows how to have all the different elements of a project
I think some of the early cryptocurrency projects started out with maybe a key developer, and then they kind of grew from there
I think we're kind of past that you can eat have a team and
Different folks that can contribute in different ways and then scale the organization
As it grows because the community expects so many different things they're like, okay, we've got to get on this exchange
You got to get on this hardware wallet right you got to get on these different devices, so
What is it you got to be able to figure out how to grow right? That's what I was gonna
I mean you covered it so much already
Let's start with the scaling right because you know one of the things people
expect within ICO
They expect to make money
Will you only make money when as far as the?
Perception goes and kind of the status quo you make money when you get on a major distribution exchange well
We know the price crashes when you go on an exchange
So you know, but then you have to you know exchanges aren't free their business
You know and then you need to get on you know ledger or whatever it is whatever you know hardware infrastructure
So as you look at you know crypto currency and bin taken you know kind of these big
bureaucracies that more or less stagnate
Scaling and mainstream adoption how you see you know you guys play in that and playing that part of navigating those channels
Sure, yeah, a great question because this is
Really only the very beginning of the cryptocurrency industry and when I talk to people. I'm like well. It's not just an investment
It's not just an online token that you can put money into and hope it goes up
It's the financial system of the future right and for other projects that are aetherium or do smart contracts
You know it is possible to disintermediate the existing ways of for example holding title to various things or doing insurance
So there's a lot of opportunity there
and a
Lot of things are going in a lot of different directions and experimenting in a lot of different ways
so
But what you bring up is okay?
There's the price of the cryptocurrency
And then there's the project itself and even that has to vastly different viewpoints
And I see this because we have our slack and now we move to discord
Whenever our price jumps up and then comes back down. I just get ready for all the people
To come in and say
We don't do anything
Right you know I hope this is on making a usable crypto currency
Or usable you know crypto project and then over time
some people might see value and what we're doing and
Over time if we continue to go down the path of development and acceptance and gaining
usefulness
Maybe more people want to buy our token then the price will go up, but we can't do anything to drive the right they start
and
Then we get people to kind of ask it in a sideways way
Well you say you're gonna. Do this when exactly right right like well. We're working this back
the roadmap
Right then where you can have it done by never November 20th right. I don't know right
Why are you asking? Are you hoping to contribute?
Right exactly and so you know that becomes a little bit frustrating, but I also understand because price is important
Because the way I cos are a recent phenomenon
Bitcoin itself you know the conus isn't and has started out in this you know
That price just goes and some of the early crypto projects. Just go yeah, and and
With I SEOs I think it's really tough if I was part of an IC
Like wow I have 50 or 100 million dollars to spend and you see that with tezo's right now. It's like okay
You said the focus being on the project of our development focuses on what we do in the honey
Yeah, right, and should that really be the focus of the project right, but however you can hire a whole bunch of developers
For money like that
So I don't know it goes back and forth kind of doing a bootstrap and I can explain that a little bit, yeah
Yeah, yeah, no that would be awesome. I think you know that's the biggest different point of difference
I've seen with you guys is it wasn't an ICO. It's kind of from the ground floor. We're like in the office right now
So you know how do you how do you manage that day-to-day?
you know seeing both sides understanding the investing side, but also seeing you know business development side and
You know still managing to build it out sure. Yeah, well the way we started our mining facility here was we figured okay
Let's try to keep our costs as low as possible if we can keep our costs as low as possible
Then we can compete with anybody in the world whether it's China or Russia or any governments Magma as long as we keep our costs
Really really low then we don't have as much downside
And I had the fortune of started an IT business
back in
2002 and bootstrap that started it on credit cards
Which was difficult at the beginning?
But it was also good that it forced us to keep our costs low and become very efficient in our business
So when we talked about how we were going to fund and grow?
Zen cash
We did it by a change lid which pretty much everybody's familiar with changeable it these days now that we have Bitcoin cash and Bitcoin
And the other ones are doing it
But we did it as a team split off z classic and whoever had on Z classic at the time immediately
Owned a Zen caste and we had a great partner in mid tracks who agreed to list that cash on bid tracks
At the time, so people are immediately able to start training the trading eyes
So that gave us an immediate community and people that that care
And there was a big boost because I still think we have one of the best communities in the creek currency world
very
People just kind of come together and so after that we said okay
We're gonna do eight point five percent of the money reward so like cryptocurrencies are Sotomayor
Costa miners
and that's important Z cash eighty percent of the mighty reward goes to the miners and twenty percent goes to the
Foundation and to pay back the investors who funded Z cash
I think that's a great way of funding
I think projects have to have some way of funding right because you know when Bitcoin was started people were doing a side maybe
But now it's kind of turning into full-time jobs. I mean I spent most of them every day working on Zen cash, right
Unfortunately mining doesn't take this much time yeah
but having said that we
Launched our cryptocurrency we went through some wild price swings and slowly
It's gone up in price over time and we're able to take a little bit of the funds. They only 5%
mighty reward that we redirect from miners to the
To the Treasury which is managed by the nonprofit Zen blockchain Foundation, which has five directors?
and then we
Have the
idea
that
everything that we spend every month is going to be open to public scrutiny as we move our treasury model and governance model forward and
That's what we're next development projects after secure notes
But having said that when we first launched in our price, I think went down to $3 a quibble and right like that
We didn't have a lot of funds
So we you know we have started to contract with
Marketing and PR and things like that and like a guess we got to put that on hold and then our
Core team that helped us out with all sorts of different things
technical
Design and people that get out and talk to folks
we give them a
Small amount of debt every month which overtime you know that builds on and if price goes up. That's very helpful
I
Don't know if you know
But we did have an issue about it a week after we launched where our lead developer found a flaw and caused some
Transaction replays to happen and they decided to leave the project
for so that we had we have some really good friends, and they cryptocurrency industry, so we're able to get a
Development team in to fix that and then added provements to it and that's actually you know being attacked early
Which is what happened to us?
Is kind of difficult, but it forced us to?
Kind of say okay? What's what's important about this about what we're doing and
To focus in on saying how can we prevent being attacked in the future and?
also
We took our we're saying okay. We don't want to be relying on any ceil person
You know if I step out of the picture
I want some cash to continue operating and we want that way for any person and so now we do
Multiple different development teams like we have three different main wallets right now yeah different development groups are working on
and we
contract with folks and we
One of my co-founders Rob he was an officer in the Air Force and well he did that he was a project manager
I mean what a great?
Still set there have as part of a cryptocurrency
project a very project manager right and so you know I help from business and
Ending the business that I started and grew and I know and them selling that which is why I have time now
but yet the business experience so
We're not developers, but we're able to contract with developers were technical enough
I'm an electrical engineer and Rob's a physics and math major with some good experience that we can you can understand the big picture?
What's what's going on right?
So we then with keep our costs low and we have a budget and we plan ahead and if the price
On the exchange goes up that were able to accelerate our plans
Were able to contract with more developers were able to increase our marketing, right?
And do other things like that and if the price goes back down
We'll cut back a little bit, so it's kind of a bootstrap
And it's a self rewarding system where the better we do and the right
The market rewards us by driving the price up, and then we can do more, right
Right
There's a 3,500 square foot warehouse to go shop
But they're coming in and then we got filters, it's important to filter the air that comes in
Watch it now. It's not all glorious threat
Keep all our boxes because I figure what I learned is that people in other countries sometimes have realized
Equipment all right so when the next generation of employment happens, we're working the celery nice. That's awesome
Minor deep green standard
281 matter dams three-phase there
That's crazy
I know you talked about last time we talked about this the simple engineering you guys are using the move the air in here
On this side then it was over there
At least 20 30 degrees at or right here 20 30 degrees
It's real copper right there
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