Jeremy Gardner (Crypto Castle Resident and Augur Co-Founder) will be headlining CoInvention this year as one of the hottest speakers in the industry. Learn about Jeremy’s adventures in the Crypto Castle and how Crypto Millionaires are different than their more-traditional counterparts on this week’s Crypto Q &A, proudly presented to you by Co.Invent and BountyBase

BountyBase
Aug 29 · 4 min read

Question: If Hunter S. Thompson were to enter into the Crypto Castle, what would he do?

A: I actually dated a young woman (part of a famed political dynasty) who spent a lot of time with the original Dr. Gonzo as a child. Based off her stories, I imagine he’d do something along the lines of what I’m known to do on a festive occasion: take out the Boring Company flamethrower, fireworks, and some gasoline…. and let it rip. I’d do anything to kick it with HST. RIP.

Question: How integral was dropping out of college to your financial success? Do you think the notion of dropping out is overrated or underrated by the industry as a whole?

If you think about when I dropped out of school (autumn 2014), and thus when I first made money (late summer 2015, and more significantly, summer 2016 when Augur’s REP was listed), it was fairly essential. Being able to invest virtually every penny I had and made during the first Crypto Winter had massive ramifications. I still would have done incredibly well regardless due to the financial success of Augur, but my ability to go all in on BTC at $275, ETH at $0.85, and XRP at $0.002 had outsized returns.

Dropping out works when you have the right team, conviction, and at least a limited safety net (negotiating the ability to return to school is important.) The bigger the safety net — such as a trust fund/wealthy family (which I did not have) are even better.

Question: Are crypto millionaires different from people with similar networth who’ve made money off of, say real estate, or mobility at a good job?

Absolutely. First of all, we almost all made our money far faster than traditional entrepreneurs (we also took an outsized risk.) However, it’s important to distinguish the crypto millionaires who built successful startups in the space (or at least semi-successful like Augur) from those who just bought a bunch of crypto and saw it skyrocket. The former is much closer to a traditional “self-made” millionaire than someone who made their money purely speculating. The money I’ve made still feels less well-deserved than someone who has spent a decade or more building their wealth.

Question: What is the typical day like at Crypto Castle? How much actual work happens there? What role does Crypto Castle play in the larger industry?

I like to say “there’s no such thing as a dull day at a Crypto Castle.” No two days are the same, but there are always lots of interesting people coming by//working/meeting/partying. My work output has never been higher than it is at the Castle in Miami. I wake up around 10am, start working by 11, and often log 12–14 hours of work, with the occasional break for food or fun. That’s because there’s no FOMO while working here.

The Miami and San Francisco Castle are very different. In SF, young entrepreneurs and developers live and collaborate and have other ambitious young people around. In Miami, it’s much more established entrepreneurs and investors intermingling and meeting, with a convivial vibe that could never be realized in SF. Both are inspiring in their own ways.

The Crypto Castles can be understood as cultural centers for the industry. I don’t want to claim an outsized role for the space as a whole, but for the people who live and come to them, they provide an opportunity to collaborate with brilliant, motivated individuals who want to change the world through blockchain technology.

Question: Why is an organization like the Blockchain Education Network necessary? What role does it play in the larger industry?

The function of BEN has evolved with the industry. When I founded the org, there were very few educational resources for Bitcoin and blockchain technology. Today, there are countless, and thus the utility of the org is more for organizing and connecting young people, and providing them a gateway to the endless opportunities this industry offers — from jobs, hackathons, a breadth of resources, and tickets/grants to attend events.

Question: How will blockchain and cryptocurrency change in the next 5 years, not just price, but industry as a whole?

I have no idea. But it will look nothing like it does today, and hopefully not too much like Wall St., either.

Question: How does an event like CoInvention impact the cryptocurrency/ blockchain industries?

Localizing evangelism and making blockchain technology and cryptoassets accessible is essential to growing this industry!

-Drew (B!)🍻

👉👉 Get CoInvention tickets here: https://coinvention.io

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Stories about Technology, Blockchain, Cryptocurrency, and Survival Guides for Life In the Gig Economy

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