{"id":10821,"date":"2022-05-15T14:15:22","date_gmt":"2022-05-15T14:15:22","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/6-questions-for-dominik-schiener-of-the-iota-foundation-cointelegraph-magazine\/"},"modified":"2022-05-15T14:15:35","modified_gmt":"2022-05-15T14:15:35","slug":"6-questions-for-dominik-schiener-of-the-iota-foundation-cointelegraph-magazine","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/6-questions-for-dominik-schiener-of-the-iota-foundation-cointelegraph-magazine\/","title":{"rendered":"6 Questions for Dominik Schiener of the Iota Foundation \u2013 Cointelegraph Magazine"},"content":{"rendered":"<p><\/p>\n<div>\n<p style=\"text-align: center;\"><em>We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and throw in a few random zingers to keep them on their toes!<\/em><\/p>\n<hr\/>\n<p><b>This week, our 6 Questions go to <\/b><b>Dominik Schiener, a co-founder of the Iota Foundation, a nonprofit organization, and the creator of the Tangle, a permissionless, multi-dimensional distributed ledger designed as a foundation of a global protocol for all things connected.\u00a0<\/b><\/p>\n<p><b>\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Dominik Schiener is a co-founder and the chairman of the Iota Foundation, one of the largest and greenest cryptocurrency ecosystems in the world. The Iota Foundation\u2019s mission is to support the research and development of new distributed ledger technologies, including the Iota Tangle. Raised in Italy, Dominik oversees partnerships and the overall realization of the project\u2019s vision toward the machine economy. He is a strong advocate for research-based, community-vetted, transparent developments in the cryptocurrency sector.<\/span><\/p>\n<hr\/>\n<h4>1 \u2014 If you were investing in startup companies right now, what kind of blockchain-based business opportunity would catch your eye?<\/h4>\n<p><span style=\"font-weight: 400;\">I\u2019d go all-in on startups focused on the intersection of Web2 and Web3. We\u2019re in a transitional period that\u2019s going to last for a long time, and embracing this ongoing transition is smart from both a financial and technical point of view. Companies helping the centralized world move into the decentralized one \u2014 and vice versa \u2014 are the present and the future. This includes crypto banking, fiat gateways, NFT marketplaces, and so on. The biggest barriers to adoption are user experience, not scaling. Focusing on and investing in UX is the road to mass adoption and to the new world of Web3.<\/span><\/p>\n<h4\/>\n<h4>2 \u2014 Which people do you find most inspiring, most interesting, and most fun in this space?<\/h4>\n<p><span style=\"font-weight: 400;\">I\u2019m drawn to people who have endured and risen above hardship in their personal and professional lives and have become more capable leaders as a result. Naturally, I\u2019m inspired by people like <\/span><span style=\"font-weight: 400;\">Vitalik Buterin<\/span><span style=\"font-weight: 400;\"> within the crypto space, but I also admire Ray Dalio, whose innovations \u2014 and thinking \u2014 transformed traditional finance long before crypto even existed.<\/span><\/p>\n<h4\/>\n<h4>3 \u2014 What is the single most innovative use case for blockchain you\u2019ve ever seen? It may not be the one likeliest to succeed!<\/h4>\n<p><span style=\"font-weight: 400;\">I\u2019m increasingly enthusiastic about algorithmic stablecoins. I\u2019m fascinated by their mechanics and their possibilities. They are, of course, highly experimental, and some may just fail, causing investors to lose millions. Even so, these stablecoins have enormous potential to onboard retail investors and offer a new way to transact. I believe they are crucial to mainstream adoption, so I certainly hope they\u2019re likely to succeed.<\/span><\/p>\n<h4\/>\n<h4>4 \u2014 What\u2019s the most interesting place you\u2019ve ever visited, and why?<\/h4>\n<p><span style=\"font-weight: 400;\">I\u2019m a mountain guy. I grew up in the Alps, so I\u2019m probably a little biased. My favorite places are remote areas in the mountains, where you\u2019re far from civilization and can really take a moment to step back, reflect, and appreciate the beauty of our world. That kind of tranquility is the best way to take a break from the crypto madness. I love being in a place where the only reminder of the modern world is the occasional airplane overhead. I love S\u00fcdtirol [in northern Italy] in particular.<\/span><\/p>\n<h4\/>\n<h4>5 \u2014 Which movie alternate universe would you most like to live in, and why?<\/h4>\n<p><span style=\"font-weight: 400;\">I\u2019m going to go with Avatar. It\u2019s such a stunningly gorgeous and fully realized world. I love the look of that movie and the deep importance it places on the interconnectedness of nature. If I\u2019m a nature guy on Earth, I figure I\u2019m a nature guy on other planets, too. Living in an alternate reality and becoming part of the Na\u2019vi tribe sounds like an amazing exploration adventure.<\/span><\/p>\n<h4>6 \u2014 What should we be teaching our kids?<\/h4>\n<p><span style=\"font-weight: 400;\">Financial literacy still isn\u2019t the priority \u2014 it should be within education, and the sooner that changes, the better. I also think there needs to be a bigger emphasis on philosophy and, more specifically, ethics. Science and technology are developing more rapidly than ever before in human history, and we simply can\u2019t have a generation that is unable to think critically about the human element of these developments. We know about the dangers of technical advancement without ethical boundaries \u2014 there are countless dystopian movies about exactly this! \u2014 and its importance cannot be understated.<\/span><\/p>\n<h4>A wish for the young, ambitious blockchain community:<\/h4>\n<p><span style=\"font-weight: 400;\">That we never forget why we\u2019re here. It\u2019s not about getting rich quick. It\u2019s about removing centralization and abuses of power to lead billions of people to prosperity and abundance through decentralized technologies.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Dominik Schiener, a co-founder of the Iota Foundation, a nonprofit organization, and the creator of the Tangle, a permissionless, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[42],"tags":[],"class_list":["post-10821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>6 Questions for Dominik Schiener of the Iota Foundation \u2013 Cointelegraph Magazine | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/crypto\/6-questions-for-dominik-schiener-of-the-iota-foundation-cointelegraph-magazine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"6 Questions for Dominik Schiener of the Iota Foundation \u2013 Cointelegraph Magazine | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and throw in a few random zingers to keep them on their toes! 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