In conversation with Dean Masley – Founder @ Nestegg – Winner of the 2017 Hackathon
Thank you very much for agreeing to be interviewed, tell us a little bit about yourself and your involvement in the blockchain world?
I’m Dean Masley, so I began in blockchain about three or four years ago, I basically got started in college I was working a crappy dishwashing job and I thought there was better opportunities so I started doing graphic design for freelance for all these bitcoins stuff coming out of the Woodworks, this is around 2013 and after doing that I have to meet a lot of like really cool people that were like making cool products and stuff and I was like cool I want to bring us to my hometown so I started a Bitcoin Club in my university campus but the wrench in the works came when my university was like you can’t do that you’re setting up a drug ring, so like I had to go through all this administrative stuff to like get through the process of actually creating the club and in that difficulty I actually found a lot of other college students that were going through the same stuff and we end up creating an actual network of students that create Bitcoin clubs across the world sharing the same problems that you went through to make sure that everyone can create a foundation on their campus so that was my college years and then we basically create this organization called the Blockchain Education Network I was the Executive Director for a year and a half and then afterwards after college I passed all the role to someone else and started Nestegg.
So tell us little bit about Nestegg?
Nestegg began two years ago we did a hackathon in the Netherlands from the Dutch chain hackathon and the whole premise of nest egg is that we want people to be owning all the things in their city and what I mean by that is that we think as an alternative for people securing themselves in the future we think it’s beneficial if they could do so by reducing their cost of living for example let’s say you own pieces of solar panels across your town, you no longer have an energy bill if you don’t self-driving cars across to your neighborhood by crowdfunding them you both gave the capital and now you have free access to it so kind of like owning a share of uber and to get free rides or something like that so we kind of think of this idea of infrastructure being a really long-term asset that individuals can use to build their city with and also then own it so they can secure their own needs and not have to worry about market fluctuations and stuff like.
What’s the biggest problem that you face in nest egg project you had to overcome?
Very good question so the biggest problem, so I would say right now is that we’ve had to make a few compromises actually because we originally began with a very full blockchain vision but as you and everyone else knows not everyone uses etherieum so we had to make it accessible through euro to make it palatable to the actual market so in that pursuit we’re making kind of a shortcut way that we can get off the ground get the market going and then we have a foundation on top of a blockchain core where we want to expand from but the biggest challenge so far has been kind of making that transition from a really idealistic viewpoint you’re trying to get to market right now today and then do it in a way that we know that there’s gonna be future opportunities.
Q: Satoshi Nakamoto, hypothetically who do you think he is and what does he look like?
Actually I don’t really want to know for example so uh when actually Satoshi Nakamoto was like almost revealed to be the real person like there’s some newscaster who actually did an interview and are the Dorian Nakamoto and personally I felt like a huge hole in my heart because the whole beauty of this whole Bitcoin thing is that no one knows who the Creator is this is like you know larger-than-life person who created a system then gave it away to the world for free so personally I haven’t actually thought of who it might be or what it might be because I’m like in love with Romanticism of it being this mysterious person somewhere out there who purposely doesn’t want to be known purposely doesn’t want to make money off of it and just gave it to the world for its benefit so for me I kind of liked it at that so I don’t delve too deeper.
Q: what advice would you give to somebody who’s starting up in the blockchain world?
So to get into blockchain I would say if you’re interested in this topic you might have seen a few YouTube videos you might think it’s a cool thing but really the best way for it to click is just to use it so would I do with a lot of my friends is that I’ll just give them some coin I’ll set them up with a wallet I’ll give them 5 bucks and that process of being able to download a wallet without asking permission not having to give your name or any other information away and being able to immediately accept money that process I think triggers a lot of the realization what people are so hype about so if you want to get into blockchain I really recommend just trying it out just get five bucks and see what you can do with it.
How did you first get interested in technology when you were younger?
Hmm interesting question first interest in technology maybe I began I’m a nerd I always played video games I always like communicate with my friends across the world most of my friend group when I was young was across the world so I became used to the idea that like like one concept I think is us Millennials is that we begin our life even though we begin our life with Internet coming in about once we became like able to interact with other people and because of that we have this kind of we have the expectation that we can communicate with anyone in the world and know what our friends are doing across the world without any kind of limitation and that’s just default like my mind is able to talk to someone else’s mind duh so yeah I think just that continuation of that from playing video games as a young kid we got to talk all those people across the world and realizing that there’s all these people who are doing things that I have similar interests me and getting able to collaborate with them yeah well that’s a hard question so that’s a good one.
Some people compare blockchain to the dot-com bubble what do you think about this comparison?
Definitely I think there’s some definitely huge similarities I think there’s a huge Blockchain hype people think it can cure cancer I mean and we’re seeing that now in terms of a lot of projects that raise a lot of money off of kind of flimsy ideas and now they’re obviously not taking place or the founders went to the Bahamas so I think we’re definitely going to see a similarity in terms of over expectation but just like the dot-com bubble we are using the internet today people are using websites for access to information for everything to do so I think it’s going to be a similar kind of pattern we’re gonna have as we’ve already experienced an overhype and now people are realizing that the actual realities of the technology and now that we’re in that reality mode people are kind of depressed that it’s not what they thought it was there’s a lot of building going on and so that’s where it gets exciting because people who are in the blockchain are really excited with this actual lower in price because there’s more room to build the fees are cheaper and a lot of the problems that existed when the price was so high doesn’t exist now that the price is low this is not investment advice but just as a reality check of the technology is growing and I think it’s definitely going to take place in everybody’s lives although maybe we’ll just won’t know it’s behind the scenes.
If you could change one thing about the blockchain industry what would you change?
hmm well I think it’s definitely diversifying which is a good thing because I think with this technology it’s similar to the Internet and that it applies to everyone like people who use the Internet are not just the Nerds or people who use tech it’s like everyone their mother and that involves a lot of perspectives that don’t that the Nerds don’t have necessarily and this kind of expansion of ideas and how people use technology and what challenges they have in their life I’m excited for the increasingly come into the walking sphere which it is so be nice to see this kind of take more place and get more people’s attention as we saw with this meetup we have some creatives who are designing video and creative work and already I think that’s a great step in the right direction.
Just to finish off few fun questions, what’s your favorite movie?
I feel like this has to be significant so I’m trying to make sure this is a good answer you know what to be honest I really don’t watch too many movies now you’re like TV shows so then I really like Always Sunny in Philadelphia I like that that’s a whole TV series about antagonists that never develop as characters so yeah that’s a good one.
What music you like to listen to?
oh I’m really into like trap music it sounds so corny but yeah I really liked rap music electronic stuff I don’t even use Spotify just use SoundCloud where I find other artists.
What car you drive at the moment if you drive?
I don’t, Im an American who doesn’t drive a car, because I live in the Netherlands in America. I
drove a Camry.
What would your ideal car drive?
I don’t really care about cars to be honest for me I would prefer to take trains if I could.