{"id":5326,"date":"2020-05-15T14:27:07","date_gmt":"2020-05-15T18:27:07","guid":{"rendered":"https:\/\/cointelegraph.com\/magazine\/?p=5326"},"modified":"2020-05-15T15:08:13","modified_gmt":"2020-05-15T19:08:13","slug":"6-questions-josh-frank-the-tie","status":"publish","type":"post","link":"https:\/\/cointelegraph.com\/magazine\/2020\/05\/15\/6-questions-josh-frank-the-tie","title":{"rendered":"6 Questions for Josh Frank of The TIE"},"content":{"rendered":"<div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-12\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p style=\"text-align: center;\"><em>Each week we ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry&#8230; and we throw in a few random zingers to keep them on their toes!<\/em><\/p>\n<p style=\"text-align: center;\"><em>Each participant then gets to remove one blockchain question \u2014 and a personal one \u2014 and they can substitute in two of their own for the next victim.<\/em><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><strong>This week our 6 Questions go to Josh Frank, co-founder and CEO at The TIE.<\/strong><\/p>\n<p>The TIE is a leading provider of alternative data for digital assets, and provides actionable intelligence to a wide spectrum of institutional investors and enterprise clients.<\/p>\n<p>Prior to this, Josh worked as a consultant at SS&amp;C Technologies where he helped develop post-trade technological solutions for the world\u2019s leading custodians, brokers, and asset managers.<\/p>\n<p>Identifying a lack of trusted and transparent data and technology in the digital asset space, Josh decided to leave his role at SS&amp;C to build The TIE full-time in March 2018.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><strong>1 \u2014 Thinking of a favorite song or poem, what are the words that move you; and why are they important?<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">I am a massive music fan, but I honestly don\u2019t really get moved by songs. I also don\u2019t think I have read a poem since 4th grade. Here are a few artists you need to check out though:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dua Lipa<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dua Lipa<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Dua Lipa<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">Also this&#8230; I d<\/span><span style=\"font-weight: 400;\">on\u2019t think any explanation is needed.<\/span><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-12\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_video_widget wpb_content_element vc_clearfix   vc_video-aspect-ratio-169 vc_video-el-width-100 vc_video-align-left\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t\n\t\t\t<div class=\"wpb_video_wrapper\"><div class=\"jeg_video_container jeg_video_content\"><iframe title=\"Bitcoin pls go to moon\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/8rGuH0vBLLs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div><\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"row vc_row wpb_row vc_row-fluid\"><div class=\"jeg-vc-wrapper\"><div class=\"wpb_column jeg_column vc_column_container vc_col-sm-12\"><div class=\"jeg_wrapper wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element \" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p dir=\"ltr\"><strong>2 \u2014 Take a look at places 50 \u2013 100 on the market cap rankings on CMC right now, and share a project that stands out for you. Why?<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">As I parse through places 50-100, I can\u2019t believe some of these coins still exist. Many of these projects have no users and no utility. Can someone justify to me how the Bitcoin Diamond network is worth more than $100M? I really wish our industry did a better job at focusing on the projects with real traction and in actively calling out scams.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whenever I take a look at any cryptocurrency I still ask myself the question \u2014 does this project need a token, or did they just raise via an ICO because they couldn\u2019t raise capital via traditional means? If they didn\u2019t need a token and they have no users, why should they have any value?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We released a research report on the <\/span><a href=\"https:\/\/twitter.com\/TheTIEIO\/status\/1162017246308446208\"><span style=\"font-weight: 400;\">most overhyped cryptocurrencies on Twitter<\/span><\/a><span style=\"font-weight: 400;\">. Many of the assets that we covered are effectively now \u201cdead coins\u201d, but a few remain in the top 100. Shocking to me.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>3 \u2014 What\u2019s your biggest regret about your time in the blockchain business so far?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">I honestly don\u2019t like to have any regrets. I made countless mistakes when I first started my business and I continue to make mistakes, but I have taken all of them as learning experiences to get The TIE to where it is today.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you want my clich\u00e9 \u201cshould have, would have, could have\u201d answer \u2014 I wish that I bought Bitcoin in 2014 when my co-founder Ben was doing short-term BTC loans on Bitfinex.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, the best decision that I ever made was making the decision very early to never ICO, even though it was extremely tempting when we were undercapitalized and first starting in 2017-2018. I don\u2019t know how so many companies in this space can live with themselves knowing that they screwed retail investors out of money, gave them a token they knew was useless, and are now building profitable businesses that those token holders will never benefit from.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So many Chuck E. Cheese tokens left in this space. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>4 \u2014 What\u2019s the unlikeliest-to-happen thing on your bucket list?<\/b><\/p>\n<p dir=\"ltr\"><span style=\"font-weight: 400;\">I am convinced Dua Lipa and I were meant to be together. Don\u2019t think that one is going to happen though.<\/span><\/p>\n<p dir=\"ltr\"><span style=\"font-weight: 400;\">I like to think the reason is because of the pandemic, and it&#8217;s just hard with her being in London and me being stuck in California. Maybe next year.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>5 \u2014 What\u2019s the most embarrassing mistake you\u2019ve ever made in public?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">When I was a freshman in high school I was biking down a big hill in my town and saw a girl I had a crush on. I wanted to stop to talk to her, but accidentally fully pressed down on my front brake rather than the back brake. I flipped over the bike and broke my front tooth right in front of her. Funny memory. Didn\u2019t end up with the girl but I do have a mostly plastic tooth.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>6 \u2014 What will happen to Bitcoin over the next ten years?<\/b><\/p>\n<p><span style=\"font-weight: 400;\">I don\u2019t know what will happen to Bitcoin tomorrow, let alone in ten years. I do think that Bitcoin has tremendous value as a risk-off asset and I think many of the properties of Bitcoin \u2014 limited supply, immutability, decentralized, etc. \u2014 will lead to significant growth in the years ahead. Bitcoin is the only cryptocurrency that I hold and I don\u2019t plan on selling it.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">I am confident in saying that central bank digital currencies will definitely be mainstream in ten years time and that stablecoins will see significant growth.<\/span><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>Josh substituted questions 2 and 6 with two new ones for our next buidler&#8230;<\/p>\n<p><em><span style=\"font-weight: 400;\">Who is your dream hire for the company you work at today?<\/span><\/em><\/p>\n<p><em><span style=\"font-weight: 400;\">From smart contracts, to DAPPs, to NFTs, to DeFi we have seen so many of the next \u201ckiller apps\u201d for crypto, but none have really taken off quite yet. What will actually stick?\u00a0<\/span><\/em><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;I don\u2019t know how so many companies in this space can live with themselves knowing they screwed retail investors out of money.&#8221;<\/p>\n","protected":false},"author":15,"featured_media":5325,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"mc4wp_mailchimp_campaign":[],"_links_to":"","_links_to_target":""},"categories":[155,154],"tags":[],"yst_prominent_words":[1476,790,225,211,221,456,1472,1471,1491,1073,1056,226,1500,1473,255,662,1490,462,1496,1477],"_links":{"self":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/5326"}],"collection":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/comments?post=5326"}],"version-history":[{"count":10,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/5326\/revisions"}],"predecessor-version":[{"id":5337,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/posts\/5326\/revisions\/5337"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/media\/5325"}],"wp:attachment":[{"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/media?parent=5326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/categories?post=5326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/tags?post=5326"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/cointelegraph.com\/magazine\/wp-json\/wp\/v2\/yst_prominent_words?post=5326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}