BTC.com VP Of Business Operations Shares Bitcoin Experiences And What’s To Come For Mining And Crypto Sphere
During an interview with news outlet, CCN and VP of Business Operations at Bitmain’s Mining Pool, BTC.com, Alejandro de la Torre, the latter took the opportunity to share his viewpoints on bitcoin, mining cryptos, business endeavors and much more.
How To All Started For De La Torre
When asked how it all started, De La Torre responded, “I can hardly remember life before Bitcoin,” adding that his interests were primarily revolving around making a difference in society. He supposedly read Bitcoin’s whitepaper in 2013 and felt he found the missing pieces to his question. He considers bitcoin’s whitepaper as a “very important human discovery and achievement,” which led him to buy several bitcoins.
His Current Stance And What’s To Come
When asked whether or not he felt he’s where he should be, the VP replied, “Absolutely, yes I do!” adding that there’s still room for growth. As for what’s to come, the VP is currently in the process of hiring more people for BTC.com, that is, to prevent barrier to entry.
A challenge he mentioned during his interview is that of usability, where he and his team are,
“trying to find ways to make it very simple for people to use. […] Once people use Bitcoin or Bitcoin Cash or Ethereum, they find out how easy it really is.”
Another project that is to come is that of the Rootstock integration, which supposedly allows the existence of smart contracts on Bitcoin. By doing this, miners within BTC.com’s mining pool will now be able to mine Rootstock at the same time, which supposedly increases security for RSK.
Thoughts On Mass Adoption
As per De La Torre, the reason why it’s taking time for the mass population to adopt the use of blockchain technology and cryptocurrencies is the issue of scaling. He further argues that due to the fact that blockchain is still fairly new, it is unclear which expressed solution to rid scaling problems is surely to work.
He trusts that the current bear market is an appropriate time to get developers, and everyone associated with different cryptocurrencies to come up with a solution for scaling, which based on his claims can take a couple of years.
Reasons For Mining Ethereum And Many More Specs
De La Torre argued that the reasons for mining Ethereum include its good fit as a technology and token. He also added that “having a diversification of tools and products and solutions is much better than having just one.”
In terms of his thoughts regarding Ethereum’s proposed move from Proof-of-Work to Proof-of-Stake, the VP does not find it concerning and finds it, “a very interesting time to look at what would happen if such a big mining pool based on Proof-of-Work transitioned to Proof-of-Stake.”
Clearly, his worry-free nature regarding the switch is primarily due to the measures taken by his team, as they are coming up with a hybrid mining pool that supports Proof-of-Stake.
Who Is Satoshi?
De La Torre makes an interesting point in regard to who Satoshi can be. In particular, he said that it doesn’t matter because if there were to be a face, then that individual will be the topic of discuss, as opposed to the technology and real-use cases of Bitcoin itself, which has always been the case.
If he had to choose a gender, he picked woman, adding that, “That’s what I always say!”
Do any of Alejandro de la Torre’s viewpoints align with yours? Share in the comments below.