After an epic CoinGeek Weekly Livestream episode with Peter Schiff, Kurt Wuckert Jr. was back in the saddle to interview nChain’s new CEO, Christen Ager-Hanssen.
The Ager-Hanssen era of nChain
Ager-Hanssen has already been on the CoinGeek Weekly Livestream three times this year, making him one of Wuckert’s most frequent and popular guests. He begins by asking him what it’s like at nChain and what changes the Ager-Hanssen era will entail?
Ager-Hanssen says it is a two-sided entity. On the one hand, it has some amazing minds and people working there. However, the flip side is that it operated as a corporate entity with little integration into the wider BSV ecosystem.
“The first time I went in there, it was like a graveyard,” he jokes, noting that he has since met many interesting and highly talented people. He notes that it wasn’t the most commercially astute firm, but he intends to change that. He’s reaching out to “absolutely everyone” and wants to forge connections anywhere he can.
“We need a little less corporate structure and a little more rock and roll,” he says. He emphasizes that he wants to cut out the corporate stuff and promote BSV as the original DNA of blockchain technology. Ager-Hanssen shared that he has 12-14 meetings daily, noting his passion for the industry and reiterating his desire to forge connections outside the existing BSV ecosystem.
Ager-Hanssen outlines his vision for his era as the head of the company; it involves assisting the existing startups in the ecosystem as well as new ones, but it also involves venture and private equity deals to acquire existing companies, plug them into the BSV blockchain, and bring them back to the market at a greater value.
nChain’s patent portfolio and the BSV ecosystem
There are many questions in the BSV ecosystem as to what nChain’s patent portfolio looks like and how it might be used in the future. Wuckert asks Ager-Hanssen what a rough dollar figure on it might be and how he sees it being used in the future.
Looking at the patents, products, and wider ecosystem as a whole, Ager-Hanssen says he guarantees a valuation of a trillion dollars for the wider ecosystem. It will take the whole ecosystem to grow for this to happen, and that’s why he’s focused on forging new connections and strengthening existing ones.
Looking at the existing ‘crypto’ ecosystem, Ager-Hanssen says only a few million people are involved. However, there are 8 billion people on the planet, and he will connect most of them. Micropayments and the possibilities they bring about play an essential role in this.
Ager-Hanssen brings up an important point; unlike in many other businesses where we make money first and give back later, building this ecosystem creates positive social impacts as we go. Creating a more transparent world will be part of that.
Animosity between BTC and BSV—Is it a lost cause?
Delving into the topic of forging connections with other ecosystems, Wuckert asks whether it’s worth talking to BTC advocates, who generally have a lot of animosity towards BSV because of the hash wars.
Ager-Hanssen doesn’t see the value in bringing them across. For him, they’re mostly traders looking to gain on digital currency volatility. However, they are welcome to build use cases and create value. Ultimately, he thinks BSV will absorb many other ecosystems, and those building on those blockchains will come across.
“We were too focused on our tribe,” Ager-Hanssen says once again, saying we need to go to non-industry conferences and explain BSV’s potential to them. He points to himself as an example of someone who did not know about BSV until someone explained it to him properly.
The connection between TAAL and nChain
He replies that he won’t comment on TAAL, but nChain will work on all aspects of what is essential to get the whole ecosystem working, including mining. They’re willing to work with everyone to optimize things and work in unison.
What fundamental problems does BSV solve that the world needs to understand?
Ager-Hanssen says it solves a lot of problems. It depends on the application. Ultimately, tokenizing everything makes the world more transparent and open. Letting everyone know what’s going on in the world, getting the unbanked into wallets, and giving them the ability to trade are positive social impacts in and of themselves.
When will nChain IPO?
Ager-Hanssen says he will never IPO the company.
“Only an idiot would sell a company like this,” he says.
Wuckert nods in agreement, noting that in his interactions with Calvin Ayre, he has noticed both a great enthusiasm for all he is doing in the ecosystem, but he also sees it as his legacy. Ager-Hanssen echoes that sentiment, saying it’s also his and Dr. Craig Wright’s, too.
“They’re all in this long-term,” he says.
What did Ager-Hanssen like about Algorand, and are there any apps he’d like to entice over to BSV?
Ager-Hanssen says there’s a lot to learn from Algorand. However, he was disappointed in how they were operating the entire ecosystem. He says they had some amazing opportunities, but they implemented them wrong. He admires the user experience element and advises BSV entrepreneurs to focus on that side of things.
What was it like getting to know Dr. Wright and nChain?
Ager-Hanssen says he admires Dr. Wright not only for his mind and inventiveness but for what he wants to do for humanity. He thinks they get along great and has had a great time getting to know him.
Watch: The BSV Global Blockchain Convention panel, Tokenizing Assets & Securities on Blockchain
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