CRYPTO FEST 2023
As Co-founder and CEO, Nevin oversees strategy, legal, and team coordination at Reserve.
Nevin is an entrepreneur who has co-founded three companies. His mission in life is to solve the coordination problems that are stopping humanity from achieving its potential, and he’s particularly concerned about averting the long-term risks posed by the development of artificial intelligence.
“With money being one of the primary means that allow humans to cooperate, I got really excited when I discovered Bitcoin in 2011 as this was the first time when it really dawned on me that money does not have to be dependent on functional government apparatus. There are a lot of benefits that privately created money could have, especially in combination with the decentralization element of blockchain technology. In theory, Bitcoin was a currency that is non-inflationable and was not owned or managed by any one entity. This fascinated me.
After further contemplation on Bitcoin, however, I came to the conclusion that, since Bitcoin has such a small limited supply, its price would fluctuate extremely as it was getting adopted, and thus it would not be feasible to be used as a currency. No one would accept a payment in a currency that could drop 50% of its value in a day, nor would anyone want to pay for goods or services in a currency of which the value could rise 50% in a day.
And thus came the point where myself and my friend Matt Elder started Reserve. We believe a stable cryptocurrency can be of immense value to people living through hyperinflation.”