Altcoin Buzz Co-Founder & CEO | Shashwat Gupta Interview (2020)
Shashwat Gupta is a man that has helped to give life to the website many of you will be aware of in Altcoin Buzz. With so much great content on the site it was hard to know where to start and run with this interview but we got there. Have a listen to what they focus on!
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Ethereum changed the space quite a bit because before that a lot of focus was on currencies. Yes. And people were like blockchain, cryptocurrencies will be used for payments and payments and payments. But then when Ethereum came and people started doing Smart Contracts, it became more about platforms.
So where cryptocurrencies were meant to be a mode of payment, suddenly became a mode of community building.
The TraderCobb crypto show talking business in blockchain.
Ladies and gentlemen, I have the CEO and co-founder of Altcoin Buzz *inaudible* especially if you’re here in Singapore.
It’s a pleasure thank you for having me. I got some very interesting question because you are from Singapore. I live here. Yeah. So you’ve seen Altcoin Buzz grow quite a bit with the space. When did you first start Altcoin Buzz?
I started Altcoin Buzz with Jeff, back in the middle of 2017. The goal was always to have a channel where we put out our opinions. I always liked doing research, Jeff always liked making content. So we combined forces, almost two and a half years down the line now, we’re a team of 30 people, creating content trying to be not super biased.
We work differently from when we started, which was just for fun. Yeah, it’s become a more serious business now.
You have done a few things isn’t that right? Is this the first venture into the crypto asset space. In the crypto space. Yes, actually, in the early 2017. I wanted to do something in the crypto space when I found out about it, and like there are a few options that you can do here. One is get people to fund into an ICO which made no sense to me.
At least like for me, I was like you take people’s money, then what do you do with it and the coin doesn’t make any sense. So that was an idea dropped pretty fast. The other one was to to do something of like an on ground thing where people could buy and sell Bitcoin from you, which is an OTC thing, but I don’t think I felt too secure about it.
I don’t come from a technology background. Then third one was to provide consulting services for legal accounting, marketing and set up a form for that. I thought it was too early for that as well. So getting into the media space and just like talking about stuff that you learned was easy, and at the same time I felt had value in the space as well.
Perfect. Well it’s coming together very, very well see, traffic’s growing up. Let me ask you, do you see a correlation between a surge in traffic and then a surge in Bitcoins price? Yeah, it’s the other way around.
I’m trying to work out which way comes first and then it go from there. So you definitely do see the correlation. There’s definitely a correlation I feel, even amongst the Bitcoin community itself. They see the price and they’re like, okay, whatever. But if they see the price and it’s moving up or down, then they’re like what happened?
So then the search volumes go up quite a bit as well. I think YouTube is now the second biggest search engine in the world. So that’s why like, we keep connecting our content between the website and the YouTube as well. The reason we want to grow our website is because next one, we literally own in a way. YouTube is still on YouTube. But it’s it’s super exciting. Like this is the most exciting time.
I mean, there’s a reason why my voice sounds and this is not normal how my voice sounds like. We’ve been going everywhere. I’ve been interviewing everybody. I’ve been learning a great deal. Speaking of learning, tell me what’s the most what gets the attention of your readers the most. What what is it? What sort of story? What’s the article that makes them go *****? How do you attract that sort of person?
I think to a certain extent, people like to know what’s happening with the prices, like what’s happening on the trading side, what’s happening in the, in the movement of prices, basically. But I think over the last three years since I’ve been like studying the community quite a bit. It has changed quite a bit as well, like people get attracted to good use cases. Yeah.
They’re getting a lot of attention as well and people love to know what’s going on. So the hottest thing right now would still be a price right like the but besides that, there’s a lot of improvement in the demand for technology Decentralized finance as well as centralized finance, crypto gaming. We started a blockchain gaming segment.
Yes. That’s a separate. That’s blockchain gaming? Right? Yes. How’s that going? I mean, that must be it’s combining basically a lot of people that came into crypto came up through gaming, right, so it must be just taking off.
Yeah, like if you see that Magic the Gathering cards was like the one that was Mt Gox, named after anyways. Yeah. Keeping those things into perspective. You see how many gamers have been millionaires in the crypto space already so many traders are either engineers who study data or many of them are gamers as well who understand you know, this this space rather well as well.
Blockchain within gaming can essentially be used for three basic reasons. One is you use the blockchain to authenticate if a particular move to place or not. So example you and I are playing Poker. Yes, you can’t cheat.
You can’t cheat in case your electricity goes away and you’re like, no, I clicked it, but you do not have electricity. So that’s there on the blockchain and it says you did not move. So when there is high stakes games happening, etc, that’s a good use of blockchain for it as well. The second one is when a game wants to use it as a currency.
So they want to have an in game currency, where one piece of the currency is equal to the second piece of the currency that means it’s fungible. So and then they can have a big supply and that can be a platform in which that currency is used.
The third one, which is most dear and near to me is Blockchain items. And these items can either be you know, you want to represent something of your own and you want your audience to kind of have a piece of something that you’ve created on the blockchain.
It can be used to make audiences interested it could be for a musician to do pre sell off an album. It can be for game items as well. And these game items now can be used within multiple games as well. So I can make one game item. And you’re a game developer, you can use it in your game. And there is another game developer, he can use it in his game as well. So the last item we made just for fun on the Enjin platform can now be used in four different games.
Wow! So it’s a huge amount going on in that space. When it comes back to the news side of things. You’ve been here since 2015 in the crypto space is that… 2016. And you started the start of the riding around a sensitive time. Yes. Okay.
Research started around the same. So you’ve seen a lot of change. Yes. What’s been the biggest change you’ve seen. Ethereum changed a lot. So Ethereum changed the space quite a bit because before that a lot of focus was on currencies. Yes. And people were like blockchain, cryptocurrencies will be used for payments and payments and payments.
But then when Ethereum came and people started doing Smart Contracts, it became more about platforms. So where cryptocurrency Is what meant to be a mode of payment suddenly became a mode of community building, it became a way that people can actually invest, it became a tool for investment.
I’m not sure if I really like that bit. But it did become that. The changes happen with people coming up with smarter and more intelligent use cases for things that they can do with cryptocurrency rather than just payment. And I don’t think the problem that we need to solve is to buy coffee.
That’s not the problem Bitcoin or Ethereum needs to solve. There are other financial issues that these currencies need to solve, and they are slowly getting towards solving a lot of interesting problems that the world has in terms of finance.
Excellent mate look it’s been an absolute pleasure having talked to you. I do appreciate your time. I love the publication. Is there anything else that I should have asked you that you want to tell us about?
No. I actually been a big fan of your work as well. And I think you’ve been like working pretty hard at like getting people connected with each other getting all the information out. And like it’s it’s really finally so nice to meet you as well.
Thank you. Ladies and gentlemen have a fantastic day. See you again soon. The TraderCobb crypto show talking business in blockchain.
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