Pascal Tallarida, Founder and CEO of Jarvis Edge

Pascal Tallarida is the Founder and CEO of Jarvis Edge. He is a Fintech Entrepreneur, Senior Forex Trader, Blockchain Expert, Decentralized Economy Enthusiast and an International Speaker at Fintech and Blockchain conferences.

  1. What are your thoughts on the Internet of Things? Do you think that it will revolutionize a lot of industries and what is the role of IOTA in it?

Pascal Tallarida: I definitely think that the Internet of Things, together with big data, Artificial Intelligence and decentralization are the areas where most of the value will be created in the future. My thoughts are very positive on the concept, but in this process we have to point attention on two aspects: scalability and security. It seems that the concept will free a huge amount of time for more productive work for people and even for more leisure.

There will be no need to drive anymore, no need to go to the gas station with the car. The same goes with food and so on, fridge can order the food, automatically delivered to your home. More sensors everywhere will give more data to analyze and to improve the world we live in. It might be fantastic. We will just need to build a more scalable infrastructure. If by tomorrow, all the Things are connected to the internet and exchanging data, we will need a considerable amount of bandwidth and servers to handle the traffic. As for the security, everything connected gives more entry points to viruses and hacking, so we should be aware of that. Regarding IOTA, “Things” will need to handle payment.

So the concept behind the project is MANDATORY. Therefore, the question is whether in the future Things will be using IOTA? And as of now, we cannot be sure about that. They have a lot of investment and partners, but if Amazon launch their own solution, Facebook or Google as well, why would they use IOTA instead of using their own digital currency, either if it’s decentralized or not? IOTA might be used by people to create their own automatic ecosystem, but I don’t see big industrials switching to IOTA if big players like Amazon would come in this industry in a moment. Microsoft and Amazon servers and infrastructure could be way more efficient than the IOTA one.

  1. For now, cryptocurrencies are too volatile to be used as currencies and are functioning more as securities. Is stability the missing factor on the road to mass adoption, is it something else or they will never be viable as currency?

Pascal Tallarida: Yes, the stability is definitely important. The system will never work with this volatility. Who will pay a car in Bitcoin if tomorrow the price could take a 20% hit and so the payer would be able to afford a better car? Who will accept to receive Bitcoin on a larger scale, when he has to cover his risk exposure and convert them in fiat since he has to pay their provider/rent/salaries in traditional currencies?

Cryptocurrencies are in a hype, because people are greedy and can make money. I am not sure if the future of crypto is being a currency. For me, it is most likely that they will stay a security/utility. And to facilitate the entry and exit in this cryptoworld, companies will create more and more fiat based currency, to have a “stable” coin. But stability doesn’t exist. We are always stable comparing to another currency, such as the United States dollar, but which is not stable. It is just less volatile.

  1. In your opinion, which two cryptocurrency projects are underrated and which two are overrated?

Pascal Tallarida: None of them and all of them at the same time. There is currently no possibility to calculate accurately the value of the ecosystem of a utility token, and the value of the company issuing a security token. They are all startups, with most of them having no team or no product. They will face soon regulation, PSD2, GDPR and offchain big companies (such as Amazon for example). Most of the startups and companies bankrupt in the offchain world and it will be the same with the blockchain ones.

It could be even worse, since we are currently in a bubble so there are even more projects and products. So because we can’t really analyze the real value, it is hard to speak with facts. So considering these statements, they are all, or most of them, overrated.

  1. More and more financial institutions are entering and investing in the cryptocurrency industry and blockchain technology. Will the banks ever endorse cryptocurrencies like Ripple for their financial operations?

Pascal Tallarida: They might endorse some technologies and patents to empower their operations, lower the fees and make more profits. But using cryptocurrencies that has come up from an Initial Coin Offering – we cannot be sure. If they want a crypto, they will create their own one. It is what Goldman Sachs has just done, basically J.

Orlin Benov

He’s been through the long journey from a Bitcoin Skeptic to a Blockchain Enthusiast and a lecturer at CryptoConf 2018. He has a Master’s degree IT technologies in Business from Tsenov Academy of Economics.

  1. What are your thoughts on the Internet of Things? Do you think that it will revolutionize a lot of industries and what is the role of IOTA in it?

Orlin Benov: Most blockchain projects still have experimental nature and we are yet to see more widespread adoption of decentralized technologies. I am very interested to see the development of alternatives to blockchain (like the IOTA technology) and see which consensus mechanism will prove to be superior. Some bold predictions suggest that in a few years’ time, there will be over 50 billion connected devices worldwide and whether blockchain or other decentralized technologies have a place in the industry? I certainly think so. Time will show if IOTA will maintain its leadership role, but they do have the advantage of being a pioneer and the partnerships they’ve announced look promising.

  1. For now, cryptocurrencies are too volatile to be used as currencies and are functioning more as securities. Is stability the missing factor on the road to mass adoption, is it something else or they will never be viable as currency?

Orlin Benov: On one hand, volatility definitely plays a role, scalability on the other hand is another major issue. The amount of transactions Bitcoin and Ethereum can process, at the current speed and cost, the unpredictability of prices and the regulatory uncertainties keep them from receiving mass adoption and replacing fiat currencies. On a positive note, I believe that in the coming years we will have a lot more regulatory clarity, we’ll see plenty of scalable solutions rolling out, more real use cases and maturity in the space.

  1. In your opinion, which two cryptocurrency projects are underrated and which two are overrated?

Orlin Benov: I’d rather not point out specific cryptos. In general, I consider overrated all projects that are overhyped, token sales that are over-subscribed, but have no real product. A demo or a beta to show for all that buzz. As for the underrated cryptos, I believe some of the stable coins will play an important role in bringing confidence and stability to the market.

  1. More and more financial institutions are entering and investing in the cryptocurrency industry and blockchain technology. Will the banks ever endorse cryptocurrencies like Ripple for their financial operations?

Orlin Benov: I believe they will as soon as there are clearer global regulatory guidelines. It’s evident by the amount of resources, the most established financial institutions spend on testing blockchain technologies, that they recognize their potential to improve the infrastructure cost, efficiency and security of domestic and cross-border payments.

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