“A little bit of craziness in this crazy world seems like a good algorithm to live by”.
Antoine Yeretzian is a pure French man with a speck of Armenian-ish manners. You can see it in his running eyes and a strong willingness to discover his Armenian roots. Antoine is a co-founder of Blockchain Partner, and is not a small figure in the French Blockchain Ecosystem.
During our conversation with Antoine, we found out that he admires the poetry of Tolkien and the wide range of philosophy of Spinoza. In our talk, we ran through the ecology of our world and the roots of Antoine, got in-depth about blockchain technology and what will be with our world in 50 years.
5 questions, Nooor’s Office, and Antoine Yeretzian.
Here we go!
Where do you think Blockchain technology is going?
Wide question, very short term- there will be a lot of tentatives from private and consortium blockchains to work and to prove that decentralization is a good way to make ecosystems work. But unfortunately, this won’t be very efficient, because it is just another way to do something that we were doing already.
Meantime, for the public blockchain, there will be a lot of work and I hope we will gain more technical achievements. Public issues still exist, namely: scalability, confidentiality, user experience and technical advances. Lets not forget to mention that there will be more maturity in designing use cases and businesses.
At this moment, people mainly don’t understand the need for blockchain in business, that is why the adoption is so low. Not because of the technical limits of the technology, but because we lack people that understand the real need of it. After the transition, I hope there would be a period of huge development, but this could take 3–5 years, could be quicker but not sure about that.
If I am a 6 y/o how would you explain to me what blockchain is?
Good question, because I didn’t explain what a blockchain is to a 6 y/o till this moment…
It’s a game of football where you don’t have a referee, and every player is responsible for the good willing of a game. You can do it for a million things, including exchanges on pokemon cards, toys, etc.
Tell us about the challenges that blockchain technology is facing in France at this moment
- Shortage of developers
- Difficulty with the banking system
- Lack of maturity for top managers in big companies or of the public system to understand what decentralization of protocols truly means and the application of it.
- It takes time to understand the technology and to look forward to it, the way it is opening new perspectives from absolutely different points of view.
- Technical limitation of blockchain otherwise current limitation of the adoption.
It is also crucial for people to understand what decentralization truly means. Currently, nobody is investing in it. As a result, we’ve got this vicious circle.
Your favourite Use case of blockchain implementation around the globe
My favourite? Bitcoin! The best one actually, don’t think that there is a better one than bitcoin.
SpankChain is a good example even if it is a bit strange but my favourite implementation is still bitcoin.
What crypto actually has the future
As I’ve mentioned, Bitcoin, but I mean if I knew it earlier I would be rich, right?
And altcoins? I’m not really convinced that they have any added value except pure trading and games, so I don’t like them that much.
And if you’re talking about cryptocurrencies that relate to the protocol layer, like layer one protocol such as Ethereum, there will be some really interesting ones, but we don’t know which protocol will win this protocol war yet. I mean, it looks similar to search engines in 2000: there was yahoo, google and lots of search engines, and then there was a crisis and only Google survived. I think there will be lots of protocols but we don’t know which one will collapse. And yes, I’m pretty sure they will collapse but the question is will they collapse before another side of the economy or after. I personally think it will collapse after, but let’s just wait and see.
Where will we be in 2069
Ok, in 2069…you know what collapsology is? I think all civilization will be destroyed because we have some problems with energy and I think that cryptocurrency will be really a side question, maybe we will pay with bitcoin, because euro and dollar would have collapsed. I’m pretty sure, hope we will not though, but with all this technology we will be back to older versions of it because we will lose lots of things when everything will collapse.
I think in 50 years we will have 3 degrees of war, maybe I’ll be dead though, I don’t know, but in my company, we are very fond of ecological studies and when you look at the figures it’s pretty sad.
Technique is cool but the problem is that it really left an irreversible change in the ecosystem.
With what person dead or alive you would like to have lunch?
Oh, I didn’t ask that question to myself…currently, I would say my great-grandmother, she was Armenian. I know part of our story, but it would be better to know all of it.
What can you say about Armenians in general?
People are really nice and very dedicated to what they do, and tend to remain artistic in their craft, so it is an interesting mix, I think. Sometimes You have an impression that everybody is either musicians or poets, I can’t tell if they are good ones, but at least they are artists, that’s cool.
There is no rush in Armenia, in Paris people are running all the time, and here in Armenia, it is kinda ok to be late. In Paris it is not ok, but people are late anyway; that’s a good contrast.
At this moment I’m struggling with the learning Armenian letters, I’ve got to say that the letters are complicated enough, but mostly, it’s hard because you are pronouncing it differently if you are an Armenian not from Armenia.
I personally think that Armenians are lacking a bit of craziness, that’s the thing that French people have. A little bit of craziness in this crazy world seems like a good algorithm to live by. The type of craziness which you can use in everyday life. Like doing totally random stuff for no reason, I’m not sure if Armenians do something without a reason.