Jay Addison Technical and Media Advisor for CryptoBiz Magazine interviews Matthew Roszak. Mr. Roszak is founder partner of Tally Capital, a private investment firm focused on the digital currency ecosystem. Named as one of the “who’s who of the crypto-currency world” by The Wall Street Journal, Mr. Roszak is a Bitcoin investor, advocate and speaker. He has invested in over a dozen Bitcoin start-ups, including BitFury, BitGo, GoCoin and Sunlot. He is also a founding partner with Crypto Currency Partners.
Transcript
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this is Jay Addison from Crypt Biz magazine we are live in Las Vegas at inside bitcoin's convention with Matthew rosac Bitcoin VC and entrepreneur Matthew how you doing today I'm doing great thank you how personally are you involved in choosing a company to invest in uh very deeply involved I think um given the speed at which uh Bitcoin is moving there's uh lots of uh human capital coming in lots of uh deals coming in and uh uh I I think there's you know not a day that goes by that I don't get uh two or three uh opportunities it's uh uh the pace is pretty uh amazing and you're seeing a lot of innovation a lot of smart people coming into the space uh and in choosing the company it's um uh it's a kind of multifaceted approach between uh the opportunity the people um and what uh what pain Point that's going to solve in the ecosystem because right now there's a lot of pain points and in adoption and friction and trying to uh have that evolve for the for the better yeah that's for sure the industry evolves very quickly obviously are you concerned that something will replace Bitcoin in the near future uh not necessarily I mean my my long bet is is Bitcoin uh from a uh investment thesis standpoint um about two-thirds of of uh my dollar goes into Bitcoin about a third goes into the ecosystem so I'm very long Bitcoin uh I think Bitcoin is um uh is is has and will continue to have the network effect unlike other Industries where you say okay the number one player number two player is going to get displaced by the number three whipper snapper who's going to take uh you know those uh uh Lessons Learned and and out price them or out out maneuver them because they're too slow to move here I think there's a different uh cementing of uh of Bitcoin as uh the protocol and and the currency that's uh that's going to win I mean right now it represents 93 94% of the uh market cap of uh of all uh digital currencies and I think that's that's uh for a reason yeah it sure is what company that you've invested in do you think will have the largest impact on the Bitcoin ecosystem um one that I'm I'm very excited about and and uh um feel very deeply about is uh blockstream so Austin Hill and Adam back um are creating a uh a platform to help um extend and scale the Bitcoin blockchain uh with uh with side chains and I think that's uh going to be something uh that uh people will be hearing more and more about I think it'll uh kind of take take Bitcoin uh the protocol to a new level much like uh uh the internet has evolved over time you know based on you know if if you told me that uh you were going to stream Netflix and and and buy stuff online in 1994 you you'd make that kind of same face today in terms of some of the ways in which people want to apply Technologies or Solutions on the blockchain it's it's uh right now needs those those uh those scaling uh Technologies and and block stream's going to solve solve that so when you talk about the side chain for people that aren't technical are you referring to the ability to attach something else to the blockchain like a smart contract or a file type of thing exactly exactly and do that make it more extensible so you don't have uh blo on the blockchain you're able to do uh time stamping and and stuff off blockchain and then still still have it um register which would speed the transaction exactly right okay are you interested in Bitcoin from a purely Financial standpoint or a technological one as well what's interesting is is a lot of people come to bitcoin from different aspects whether it's uh Finance or or uh Tech or a political stance um I think for the first time in my my investing career uh the the piece that um uh I have for for Bitcoin is is Passion uh you know it's it's it's got this ability not only to to to certainly make money and make a financial return but also to to change the world um you know I've invested in almost every asset class uh in technology Under the Sun uh and um here I I I I see where you can make a change you can make a difference and that's uh something i' I've not been involved with uh in my career and it's one of the things that is an undercurrent in terms of what uh propels me and energizes me about this uh about this ecosystem it's a lot more community-driven isn't isn't it than most I mean I'm I'm sure any other Investments you just wouldn't find the same type of community where everybody really comes together to promote each other and to to grow it you know as a community yeah I mean it's it's early days and you're seeing a lot of great energy a lot of uh excitement and um I think that's going to go a long way I think that the human capital that's coming into this uh space is unprecedented you're seeing people leaving Google and Facebook and PayPal and visa and uh uh at such an early stage this this is this is still you know uh inning one chapter one whatever you want to call it and uh people are are leaving you know good uh uh good jobs and uh they're seeing what what everybody else is seeing yeah absolutely how much consideration have you given to investing into good altcoins or so-called Bitcoin 2.0 Technologies you know I I I'm really intrigued by that I I I see the benefit of that I um uh in terms of using uh Bitcoin as this um you know a decentralized central nervous system um it it in terms of uh applying identity in terms of applying uh bandwidth compute all these different infrastructure layers that uh can can further extend the uh the possibilities of of blockchain Technologies I think these these these uh appcoins um are are very important in terms of getting that done in funding uh and using um the uh an appcoin um uh financing I think uh it's a it's a very smart and efficient way to raise Mone money so they could get those um uh those Technologies out the door January 1st 2015 what do you think the price of Bitcoin is going to be as as a Bitcoin investor you should be one of the ones that gives us the higher num we've had some crazy numbers so what do you think you know uh I I yeah I've learned not to speculate I I think it's going to go up I mean my my whole thesis is that this is going to go up given the amount of capital that's coming in here the amount of human capital uh the energy uh I I mentioned this yesterday on my panel I think Bitcoin is the uh the most Mis price asset I've seen in my career in terms of its potential um but uh if you want a number I would say A th000 Plus fantastic Matthew rosac Bitcoin vcn investor and entrepreneur if somebody wants to get a hold of you and run their project by you how would they do that yeah please do uh Matt mat tally capital.com thanks kind of Matt thank you cheers this is Jay Addison from Crypt Biz magazine live from mler media's inside bitcoin's conference in Las Vegas remember to subscribe to Crypt Biz magazine at Crypts mag.com follow us on Twitter at Crypts magag thanks for joining us and learn more at cryptopm magazine.com