One of the great things about being The Dood, is that I get to meet all kinds of great people in the cryptocurrency space. Recently, I had the pleasure of meeting Allan Raicher of the Coinsyde project. After checking out his website and talking a bit on twitter he agreed to give me a little info about what him and his team are working on. He is limited on what he can talk about before the release, but the website, and our twitter conversation did peak The Dood’s interest. Thank you Allan Raicher for taking the time to answer my questions and sharing your time with me and my readers.
BitcoinDood: First, thanks for taking the time to do this interview. I have to admit, I found this interview a bit difficult to put together. I know you are limited on what you can reveal about the company before launch and I completely understand that. I also found it kind of fun, because there currently is a little mystery about the project and what the project will be trying to accomplish in the not so distant future. So, I guess based on that, could you please tell the readers who you are, and what your relationship is to the coinsy.de project.
Allan Raicher: Hello, Dood! My name is Allan Raicher. I’m a Brazilian tech entrepreneur, currently investing in some projects in Silicon Valley. I’ve been a Bitcoin enthusiast from the beginning and have decided, recently, to become more than an enthusiast. So, I became the founder of Coinsyde. My plan is to remodel the Bitcoin scene by providing something like a “centralization of the decentralization”, so to speak.
BD: I love the clean look and design of your website. Currently there’s not a lot of information there other than the company logo that reads Coinsyde – The Bitcoin Social Network. I’m guessing from the logo, you are planning a social network, without giving away any company secrets could you elaborate more on the project, and what we might expect?
As of late, revenue sharing social sites like Tsu, steemit, and bitlanders have become all the rage. Bitcoin seems to be the perfect fit for that type of a platform. Will the site be incorporating any type of revenue share for it’s users? If so, please tell us all you can 🙂
A.R: Well… money already IS a Social Network, if you think about it. It provides a medium for interaction between individuals. Only thing is… there’s a place for this interaction to take place. It’s called “The Marketplace”. The lack of a unified marketplace, or an identifiable environment for bitcoin users (mainly because of Bitcoin’s intangibility as a currency and as a concept) is detrimental to the slow adoption we’ve seen so far. That’s where we want to act. If you think about it, Bitcoin has a huge Marketing problem.
BD: Your website makes the bold statement, “Together, we’ll make Bitcoin become mainstream! Launching soon!”
I love that statement. So many people are waiting for the perfect app that catapults cryptocurrency into the mainstream. Many people say bitcoin is the app, but I’m of the belief that bitcoin is the protocol. Like SMTP is the mail protocol for the internet, at one time sending an email wasn’t as simple as using a Gmail account. Especially if you go back 20 odd years ago when people used programs like Pine to send email from a command line. It was easy for a nerdy tech type but the average person found it daunting and intimidating to use. I think bitcoin is kind of the same way right now. In the early days of the internet, companies like AOL and COMPUSERVE made the internet easy for the average person to utilize all the features the internet had to offer, and then Facebook and Google came along and made it almost foolproof. I think bitcoin is still waiting for that killer, foolproof app or platform that makes it extremely easy for my 80 year old grandmother to send birthday money to my cousins on the other side of the country. Is this what we’re talking about? Are we talking about the perfect app or platform here? Please tell us as much as you can!
A.R: I agree that even the cleanest wallet designs can’t be understood by a total newbie. But the mass adoption problem is not necessarily a “usability” problem. People can adapt pretty easily to the most complex app structures. Facebook is a perfect example. We had to learn how to use it. My 85 year old grandmother uses it every day 😉
I’ve been obsessed with this idea of a “killer app” since my first interactions with bitcoin. People usually talk about this “killer app” like something abstract. It’s not! I have the same belief: Bitcoin is the protocol. We need to create the marketplace by connecting it’s users. THAT’S the killer app: a useful and popular medium to use Bitcoin, connecting it’s users with a beautiful design.
Some say “bitcoin is like a Swiss bank in your pocket”. IT IS! But the world today is filled with “bankers” that don’t interact with other “bankers”. That’s not powerful at all! Why don’t we connect EVERYONE and provide financial social power to the world? No bank can compete with this.
BD: Your twitter page says that the launch date will be 2016. We’re halfway through the year now, leaving a little under 6 months left. Can you narrow down the time line and give us an idea of when the network will be available to use? (On a side note, if your looking for beta testers feel free to contact The Dood 🙂
A.R: Probably October. I think it’s doable, since we are already refining the app. Thing is: we’ll need a LOT of word of mouth till October! Our business is actually a campaign for Bitcoin! Can you imagine how valuable Bitcoin would get if everybody could simply connect? 😀
BD: Currently, Google + and Facebook are the big boys on the block when it comes to social networking. Will the site be in direct competition with these behemoths? I’d also love to hear about any features the site will offer as far as posting, file sharing, chat, messaging, or any information you can divulge about the platform itself
A.R: We don’t want to navigate this red ocean. Since Facebook and other players already connect people with similar interests, we plan to use their platforms to help us reach our base. We’ll be connected. But we don’t plan to compete with them.
BD: Your website shows both Android and iPhone apps coming soon. Is the platform geared mainly towards mobile users, or will it be web browser accessible too?
A.R: We’ll start with mobile, and we’ll add more environments as time goes, of course.
BD:Here’s the question I’ve been dying to ask. Are we talking bitcoin wallet integration directly into the platform?
A.R: Yes. We’ll start with a great (and safe) wallet (and hopefully, the most beautiful and user friendly) as an app. Once we reach our first milestones (user base), we’ll start to introduce several interaction possibilities between peers or even between groups of individuals (I’m sorry I can’t give you more details just now! Sorry, sorry sorry!).
BD: The site seems geared mainly for bitcoin users are there any plans to integrate other cryptocurrencies into the platform? If so which ones ?
A.R: Definitely! Ethereum and Litecoin are serious candidates.
BD:OK, I ask everyone the same last question. Where do you see cryptocurrency going in the future? Any thoughts, visions, or predictions you might want to share about the future of cryptocurrency in general and where this is all heading?
A.R: To the Moon? haha. Well, as an entrepreneur, I try to think how can I provide the world with solutions to their problems. As an ideologist, I see Bitcoin (and public blockchains) as the BEST alternative to a jurassic financial system. The quality of financial inclusion and prosperity that Blockchain technology can unleash is simply unbeatable. Banks made a lot of sense during the 19th and 20th centuries. They don’t make sense anymore. I believe we can achieve a radical improvement in well-being by shifting the financial powers to the crowd. We use a golden “=” as our icon, to symbolize our moto: “CAPITALISM for ALL”.
Thank you so much Allan Raicher of Coinsyde! I’m really curious to see what you guys unveil in October. I hope you keep The Dood up to date, and give me another interview when the project is released to the public.
You can follow and keep up to date with the Coinsyde team using the below links