{"id":1112,"date":"2021-12-08T08:21:09","date_gmt":"2021-12-08T08:21:09","guid":{"rendered":"http:\/\/egrowonline.com\/?p=1112"},"modified":"2021-12-08T08:21:09","modified_gmt":"2021-12-08T08:21:09","slug":"6-questions-for-han-kao-of-sanctor-capital-cointelegraph-magazine","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=1112","title":{"rendered":"6 Questions for Han Kao of Sanctor Capital \u2013 Cointelegraph Magazine"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2021\/11\/Han-Kao.jpg\" \/><\/p>\n<div>\n<p style=\"text-align: center;\"><em>We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and we throw in a few random zingers to keep them on their toes!<\/em><\/p>\n<hr\/>\n<p>\u00a0<\/p>\n<p><b>This week, <\/b><b>our 6 Questions go to Han Kao, founder of thesis-driven investment fund Sanctor Capital and co-founder of crypto research company Crypto Briefing.<\/b><b\/><\/p>\n<p><span style=\"font-weight: 400;\">Han grew up in New York City and studied economics at Columbia University. He started as a software developer but soon realized he wanted to be an entrepreneur. Over the years, Han has founded several companies: a web development firm (ISI Studios) during the dot-com boom, events marketing (BDBG Marketing) and online ticketing (theDreamVine) companies from 2005 to 2015, and a mobile app studio (J Tech) in 2015.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">In 2017, Han began publishing research on early-stage blockchain projects via Crypto Briefing. Today, Crypto Briefing is one of the top crypto research publications, with over 1 million monthly readers.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">With Sanctor Capital, Han hopes to help guide other founders in the space to find their own success. It recently launched Sanctor Turbo, a Y Combinator-style mentorship program to support missionary founders.<\/span><\/p>\n<p>\u00a0<\/p>\n<hr\/>\n<p><b>1 <\/b><b>\u00a0<\/b><b>\u00a0\u2014 <\/b><b>What does decentralization mean to you, and why is it important?<\/b><b\/><\/p>\n<p><span style=\"font-weight: 400;\">To me, decentralization represents a tectonic socioeconomic shift for the modern world. For centuries, the world has relied on centralized governments, financial institutions and other centralized organizations to imbue us with a false sense of security and safety.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">However, it\u2019s becoming abundantly clear that those same organizations and authorities that we have granted these such powers to are often not acting in the best interest of their constituents and are merely looking after their individual selves. Moreover, the costs that we pay for this false sense of security are inefficient and harmful to the societies that these organizations serve.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From a sociopolitical perspective, decentralization helps distribute and democratize power and empowers the active participants of any given society (or organization), rather than those who are more privileged.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From an economic point of view, decentralization helps remove the costs, inefficiencies and risks associated with needing to trust intermediaries and centralized parties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Simply put, it just makes everything better \u2014 not necessarily easier, but better.<\/span><b\/><\/p>\n<p>\u00a0<\/p>\n<p><b>2 \u2014 What is the biggest obstacle facing Ethereum today, and what is its biggest opportunity?<\/b><b\/><\/p>\n<p><span style=\"font-weight: 400;\">Coined by <\/span><a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/top-people-in-crypto-and-blockchain-2021\/vitalik-buterin\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">Vitalik Buterin<\/span><\/a><span style=\"font-weight: 400;\">, the \u201cblockchain trilemma\u201d refers to the challenges and trade-offs that exist between the three main facets of a blockchain \u2014 decentralization, security and scalability. He notes that developers have to choose between trade-offs among the three facets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While Ethereum is one of the most decentralized and secure blockchains that exist today, it is also one of the least scalable ones. The move to a more scalable, faster, cheaper <\/span><a target=\"_blank\" href=\"https:\/\/cointelegraph.com\/ethereum-for-beginners\/ethereum-upgrades-a-beginners-guide-to-eth-2-0\" data-wpel-link=\"external\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">Ethereum 2.0<\/span><\/a><span style=\"font-weight: 400;\"> has been, and will continue to be, one of the most complex and challenging developments of the Ethereum development community.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The goal post keeps moving for Ethereum 2.0, and developers are frustrated and are looking for alternative solutions. Developers today want to build applications on chains that can serve as the best foundation for the target use cases they have envisioned.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">And the longer it takes for Ethereum to reach an acceptable level of scalability, the more opportunities arise for other blockchains to stake their claims on the market. We have already seen other blockchains such as Solana and Binance Smart Chain capitalize on this opportunity. and we will likely continue to see more momentum grow for other ecosystems like Cosmos, Polkadot, Avalanche and Algorand.<\/span><b><br \/><\/b><\/p>\n<p>\u00a0<\/p>\n<p><b>3 \u2014 Which is sillier: $500,000 Bitcoin or $0 Bitcoin? Why?<\/b><b\/><\/p>\n<p><span style=\"font-weight: 400;\">Without a question, $0 Bitcoin is sillier. The U.S. dollar is probably the biggest scam in the history of the world. After the Second World War, 700 representatives from 44 nations got together (in Bretton Woods, New Hampshire) to figure out how to build a new global financial system. And since the United States had the largest reserve of gold, it pledged to fix the dollar to its gold reserve and make the dollar the international reserve currency for other countries.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, by 1971 \u2014 after racking up a huge deficit \u2014 we began to run low on our gold reserves. So, President Nixon decided that the dollar would no longer be backed by gold. We have been off the gold standard since, and the U.S. dollar is backed by nothing other than the strength of our military. That sounds like a scam to me. But the problem is that there wasn\u2019t really an alternative until recently.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s not really practical to carry around gold bars and coins when you want to buy something. You also can\u2019t transfer a gold bar across the world to relatives. So, Bitcoin is a viable solution for people who want to store their wealth in an asset others might be willing to accept in the future. And the more people see Bitcoin as money, the bigger it will become.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a fixed supply of 21 million BTC and U.S. dollar inflation reaching record levels, I\u2019m betting that more and more people will be open to accepting Bitcoin as money. We\u2019re really not that far from $500,000 Bitcoin. That\u2019s only one order of magnitude away!<\/span><b><br \/><\/b><\/p>\n<p>\u00a0<\/p>\n<p><b>4 \u2014 What talent do you lack but wish you had? How would you use it if you had it?<\/b><b\/><\/p>\n<p><span style=\"font-weight: 400;\">I have been very lucky and have been endowed with a semifunctional brain to think through problems and with capable body parts to execute my brain\u2019s commands. But I don\u2019t have any superpowers, so since you asked, I don\u2019t think it\u2019s too much for me to ask for the ability to create more time.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">I wish I had the ability to create just one extra hour in the day for everyone \u2014 for myself, for my partners at Sanctor Capital, for our portfolio companies, everyone. I would then take that extra one hour of U.S. time that I have and trade it on a time DEX for a block of Asia time. This way I can spend one less hour every night speaking to Asia and put that toward sleep!<\/span><b><br \/><\/b><\/p>\n<p>\u00a0<\/p>\n<p><b>5 \u2014 Think of a favorite poem or song lyric. What is it, and why does it speak to you?<\/b><b\/><\/p>\n<p><span style=\"font-weight: 400;\">OK, I\u2019m going to take advantage of this opportunity to be super cheesy here. A verse that comes to mind is from a song by Drake called \u201cStarted From The Bottom.\u201d<\/span><b\/><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cStarted from the bottom, now we\u2019re here. Started from the bottom, now my whole team fuckin\u2019 here.\u201d<\/span><b\/><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">When I went full time into blockchain and started Crypto Briefing, everyone thought I was crazy \u2014 friends, family, colleagues, literally everyone. \u201cWhy would you invest in these scams?\u201d \u201cCrypto is for criminals!\u201d \u201cYou\u2019re outta your mind!\u201d \u201cTulips!\u201d Over and over, I would hear reactions like this.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">Fast forward four or five years, and blockchain and crypto is now a real thing and on its way to global recognition and adoption. And my time operating in the industry has given me the experience and knowledge to be able to contribute to society in a really impactful way based on the projects we choose to back and support.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s important to note that when I think of \u201cmy whole team\u201d from the song, I\u2019m not just thinking of my partners at Sanctor Capital who grinded it out with me through the long bear market on reduced salaries, when everyone quit on us and we were months from pulling the plug \u2014 I\u2019m also thinking about every honest blockchain founder who went through the same exact emotional roller coaster in 2018, 2019 and early 2020.\u00a0<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">The world has changed in a big way, and now we are at the forefront of a socioeconomic revolution, and we get to influence how we want the next chapter to read. Congrats to all the builders, the holders and everyone who didn\u2019t give up on their vision!<\/span><b><br \/><\/b><\/p>\n<p>\u00a0<\/p>\n<p><b>6 \u2014 What should we be teaching our kids?<\/b><b\/><\/p>\n<p><span style=\"font-weight: 400;\">I have a lot to say about education, as I am the product of the notorious New York City public education system. I went to primary school in Queens and high school in the Bronx. Most of my classmates didn\u2019t graduate. I don\u2019t have enough space to say everything I want to say, so I\u2019ll just rant a bit until I run out of space.<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">Our education system and curriculum need some serious reform. For starters, we need to teach our children history \u2014 the way it really happened, not the BS that fills our textbooks.\u00a0<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">Next, we need to teach financial literacy starting from a young age \u2014 not math, financial literacy! I wasted years of my childhood learning about trigonometry (yes, the sine, cosine and tangent stuff), and not a single time in my entire adult life have I ever used it. I\u2019m not saying that it\u2019s not important, but it wasn\u2019t relevant as a core skill.\u00a0<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">I would have been better suited learning about what a profit and loss statement looks like or how taxes work. I would have loved to have been encouraged to be an entrepreneur and taught more about entrepreneurship instead of having it be represented as something only for prodigies and geniuses. A lot of that is changing today, but not fast enough.\u00a0<\/span><b\/><\/p>\n<p><span style=\"font-weight: 400;\">And yes, of course, blockchain and distributed ledger technologies should be mandatory classes!<\/span><\/p>\n<p><b>\u00a0<\/b><\/p>\n<p><b><i>A wish for the blockchain community:<\/i><\/b><b\/><\/p>\n<p><span style=\"font-weight: 400;\">Think <\/span><i><span style=\"font-weight: 400;\">big<\/span><\/i><span style=\"font-weight: 400;\"> and have a little faith in yourself and your vision.<\/span><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/magazine\/2021\/11\/21\/6-questions-for-han-kao-of-sanctor-capital\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and we throw in a few random zingers to keep them on their toes! \u00a0 This week, our 6 Questions go to Han Kao, founder of thesis-driven investment fund Sanctor Capital and co-founder of crypto research company Crypto Briefing. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[43],"tags":[656,68,1143,1144,69,333,1145],"class_list":["post-1112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-capital","tag-cointelegraph","tag-han","tag-kao","tag-magazine","tag-questions","tag-sanctor"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/Han-Kao-scaled.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1112"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1112\/revisions"}],"predecessor-version":[{"id":1114,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/1112\/revisions\/1114"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/1113"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1112"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}