You may not be familiar with Jim Bursch, but you certainly know about Dash, one of the top ten cryptocurrencies (and fighting tooth and nail to remain one). With a strong community supporting it and solid plans to improve its usability and security, Dash has a bug bounty program, and Bursch is the man behind it.
Q. CAN YOU TELL US A LITTLE ABOUT YOUR BACKGROUND?
A. In the ’90s, I was a journalist, having published a small community magazine and worked at newspapers as a copy editor and online news editor. In 2000, I jumped to a dot-com as a content producer and went on to become a systems analyst picking up the pieces after the dot-com bust. At that time, I conceived the idea that has now become MemoTrader.com (formerly Dash Messaging).
In 2013, I learned about Bitcoin and decided to use it in MemoTrader as the payment system. I did this primarily because of the privacy concerns and costs of working with credit card payment systems. In early 2017, as Bitcoin transaction costs and confirmation times skyrocketed, I decided that it no longer satisfied my needs for a payment system, so I started looking at other cryptocurrencies. I settled on Dash because its mission is to be exactly what I need – the digital equivalent of cash.
Q. YOU SAW THE VALUE OF MONETIZING PEOPLE’S TIME AND ATTENTION BEFORE HEARING ABOUT BLOCKCHAIN TECH, SO HOW ARE YOU WORKING WITH CRYPTOCURRENCY TO DO THAT NOW? HOW HAS THAT EVOLVED?
A. Enabling people to monetize their time and attention necessarily requires a lot of private information. Current systems that exploit people’s time and attention have no respect for privacy and are utterly abusive in their business model (ad-supported media). This is also true for current (credit card) payment systems. By using cryptocurrency, we can separate transaction data from private data.
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