MY STORY: OSCAR PACEY

Welcome to Bull.io, tell us about yourself and your company Tranquility Node.

My name is Oscar Pacey I’m a crypto currency blockchain consultant my company is tranquility node we are what we call network economy advisers so the the blockchain world at the enterprise level is filled with very excited people there have lots of ideas lots of ambition lots of backing even even in the bear market but they often kind of come from one of these two sides which that the finance world or the technology world and they really need one another in order to build a successful project so my mission is to to fill in the gaps with those companies people who have a great technology but they haven’t necessarily thought deeply about how the economics of work and how that impacts with funding and repaying investors how the users are affected by that kind of economic model whether they end up being shareholders and having to buy their services with the kind of shareholding or whether it’s it’s the other way around or are the incentives really sufficient what exactly is the model offering is it censorship resistance in some sense is it something else all of these different aspects really depend on the technology and the economics being in harmony so that’s what we offer is is a kind of advisory that bridges that gap.

 

Tell us about your experience with working with Royal Mint, how did that come about?

indeed so Royal Mint was a client of a consultancy that I work with called cryptonomy www.cryptonomy.com/ they many years ago now I think it was something like 2012 or 2013 they got in touch with the head of crytonomy and they said we make all the metal coinage for the British Isles they were thinking looking at very long term trends that perhaps metal coinage wouldn’t be around for another thousand years so they’ve been in business for a thousand years they’re looking for what they’re going to do over the next millennium and so they thought maybe we should be investigating this new concept of Bitcoin and cryptocurrency blockchain based assets because they are a lot like cash they have sort of bearer qualities to them they have sort of very frictionless transfer ability, things like that that that was kind of jog and were that they’re very important for what the concept of cash is. They also had a bullion business a large vault where they can keep gold securely and so over the years whilst they were kind of blue sky thinking and what’s this project gonna be about they came to the conclusion that this sort of design decision that they should experiment with the idea of creating a gold investment vehicle based on blockchain which represents a holding in real gold. People can buy these coins these tokens if you like hold them if they like a lot of people like to do that with gold just buy someone hold it for a long time there’s kind of inflation hedge or whatever that their view might be but it adds a whole new layer that comes from the world of blockchain to do with kind of borderless frictionless and that was a very interesting project we had to take into account being eligible in many jurisdiction s around the world, we don’t want to contravene any laws many countries of course impose controls on and how you move value in and out and they want it to be auditable and accountable so we took into account all these different factors and built the product so at the moment they are working on finding the route to market technologically speaking and legally speaking that puts it in the sweet spot of where they’re trying to get to so we’ve got big hopes for yeah that’s going.

About you, How did you first got interested in Technology?

In technology when I was a kid all right, where did that start as a big question. Probably playing with little robotic toys little cheap plastic things that would break and I guess I’d kind of try and fix them as a very young kid but maybe my more seriously when I was about 11 years old 10 11 years old I got a maybe – people don’t know what this is but a BBC microcomputer I picked up or my parents picked up for me and that is a very simple computer you switch it on and you get a programming prompt and you have to type in commands to get it to do what you want to do so I started around then kind of reading little books and I would type in programming programs from magazines they would print software in in source code in the middle pages that would call it yellow they’re called the yellow pages and you type them in you spend three days typing it meticulously I didn’t understand what any of it meant and you’d hit run at the end then you’d hope you get a little computer game out of it or something so I guess that’s kind of how I go to technologies yeah.

To jump forward, how did you got involved in Blockchain?

Right so okay so in the middle of that I studied computers a computer science and artificial intelligence then went into a finance career where I was for about ten years. was keen to get back into computers I enjoyed the creative aspect of it and the kind of engineering problem solving which I didn’t have so much in my finance career so I left that at the same time Bitcoin existed I knew about it I was very interested in I didn’t realize that we’ve become an industry that I could work in so after a little while my network grew of people coming to meetups and so on and realized that there was a business there and people needed some of the skills I had,  I had a technology background and a finance background so that’s how I got into this.

Satoshi Nakamoto, who you think, he/ she / they look like?

So satoshi nakamoto author of the Bitcoin white paper and the author of the original version of it is someone who has those qualities they understand the economic incentives and so on and they understand software so they probably are aware of professional in one of those two areas I would say more likely software development but maybe FinTech as we call it I’d imagine they were probably a an American white male judging by the current demographic of this whole industry do they somehow reflect what that original guy was is a possibility I hope that the demographic moves on and diversify a bit over time but perhaps that’s where they came from certainly they spoke English so and very well she read through a lot of the comments which are in the public domain now post and so on and the paper they seem to be a native fluent English speaker I think they’re an individual not a team it is a very very complex clever project but I think it’s achievable by a single person it kind of looks to me like a reflection of a single person’s vision rather than a team effort and I think they’re a bit of an introvert they’re worried about their safety and their standings and they more geniously than that I would say is they realized that the goal was a censorship resistant money to achieve that it requires a decentralization which means there should be no leader so I think maybe it was a result of various motivations but that was the primary driver for them to disappear from the public world they just realized this is not going to be a success if they remain because people will look to them as a leader that’s about as far as I can go as the first of what they look like no real idea no clue.

What advise would you give to someone starting out in blockchain industry?

I think blockchain industry is still young quite small as a lot of experimentation going on people are throwing money at it in certain areas so there are lots of job type opportunities but it isn’t just software so you don’t need to be a tech person it is quite political, political in the sense of how power is managed over a society it has a very strong aspect of that to it that’s part of the way this stuff works even in the in the permissioned world where we’re talking about federated blockchains and groups working together within a perimeter fence it’s still a political idea so and politics is about as social as you get right without society you don’t have politics without politics you don’t have society so people from any background as in academic or practical background that they come from have a role in this and vice versa so I would say do simple things read the news on go to meetups talk to people but bring your own experience in your own skills forward as much as you can and you’ll fit into the jigsaw puzzle somewhere.

 

Just a few fun questions, When you were a child, what did you wanted to be when you grew up?

Wow. I wanted to be a toy maker but no one in particular I didn’t know any famous toy makers but yeah I really wanted to I don’t know build train sets or something

 

What’s your  favorite movie?

Its 2001 a Space Odyssey Stanley Kubrick this is my all-time great I think a lot of people might say that it’s a very film with a very warm following but it’s a truly remarkable film I would say it’s embodies everything that I would want in a film

What’s your favorite place in the world to visit?

I watched Romesh Ranganathan on BBC three I think last night and he visited Ethiopia and on my telly I saw some incredible things so I haven’t been there so I want to go to Ethiopia that’s the top of my list.

What car would you like to drive if you could drive any car?

at the moment I’m learning to drive so I’m far too old to be doing that but I feel better late than never so I’m a cyclist at heart if I get a car is gonna be some old banger but I don’t know how to buy an old banger you’ll have to give me some advice after this

What would you miss the most if you could no longer have it?

oh well other people I don’t want to be on a desert island on my own I need other people I need society I need culture and blockchain for me is a way of working in society building social tools.

 

BULL.IO

 

Twitter: https://twitter.com/oscpacey, https://tranquilitynode.com