6 Questions for Andrew Levine of Koinos Group – Cointelegraph Magazine

We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!

This week, our 6 Questions go to Andrew Levine, CEO of Koinos Group, which is focused on accelerating the transition to a more decentralized future by helping entrepreneurial developers, entrepreneurs and enterprises build disruptive blockchain-based solutions.

Andrew leads a team of industry veterans accelerating decentralization through accessible blockchain technology. Their foundational product is Koinos, a feeless blockchain with infinite upgradeability and a proof-of-burn consensus.

1 — What kind of consolidation do you expect to see in the crypto industry in 2022?

There are too many general-purpose blockchains that are effectively competing with Ethereum (and one another) in a race to the bottom on fees. Only so many of them can survive.

2 — If the world is getting a new currency, will it be led by CBDCs, a permissionless blockchain like Bitcoin, or a permissioned chain such as Diem?

CBDCs, in the eyes of many, will combine the best of both worlds: the internet-nativeness of cryptocurrencies and the confidence of state-backed assets (and their military might). If the world is going to get one currency, then the odds are it will be a state-backed currency (a CBDC). If the world is going to get many currencies, then people will have many options on the spectrum between permissionless and permissioned.

3 — Do you subscribe to the idea of Bitcoin as a means of payment, as a store-of-value, as both… or as neither?

I do not. It is the on-ramp into the crypto economy as a result of its age and the depth of its markets, and it is the flight-to-safety asset people use when they lose confidence in more speculative crypto assets.