What was your motivation to put your business on the blockchain and furthermore, why NXT? After spending the better part of a year (BTCOR/CORE turned 1 year old on February 10th) getting up to speed with what Crypto is all about, I reached the conclusion that it is an ideal, integrity-based system that would prohibit businesses of the future from becoming mammoth corporations with no sense of moral responsibility that have basically stolen the wealth from the very people they were originally designed to service. Instead, blockchain technology will allow individuals to share in the wealth by owning a share by either investing in, or working on, the strengths of enterprises and companies which will survive or be destroyed on their merits and the values they represent.
What was your motivation to put your business on the blockchain and, furthermore, why NXT?
After spending the better part of a year (BTCOR/CORE turned 1 year old on February 10th) getting up to speed with what Crypto is all about, I reached the conclusion that it is an ideal, integrity-based system that would prohibit businesses of the future from becoming mammoth corporations with no sense of moral responsibility that have basically stolen the wealth from the very people they were originally designed to service. Instead, blockchain technology will allow individuals to share in the wealth by owning a share by either investing in, or working on, the strengths of enterprises and companies which will survive or be destroyed on their merits and the values they represent.
Because a globalized currency like Bitcoin and associated blockchain-based platforms enable the average person with a smartphone to make investments in businesses, companies will no longer be able to sustain their monopolies achieved via the limited investment potential created by centralized stock markets and stock listing platforms such as the FTSE, NYSE and the plethora of other investment houses.
It is strange that in the English language we choose to use the word ‘company’ for a business comprised of a group of people when, in reality, a ‘company’ is a fictional, non-life form that has all the benefits of a human and more. It can live forever, it can never go to jail, it does not bleed, sweat or sleep. It does not appreciate the responsibility of raising children with moral fibre. In fact, it has no responsibility in terms of ensuring a healthy mind, body and spirit since it is not a living entity.
In my mind, I feel that business and commerce should be mechanisms that enhance the societies they support. They were never designed to suck the wealth from the people they serve, but because of the greed and nature of the modern company, it is on a perpetual course to forever grow itself bigger to the detriment of mankind itself, which is supposed to be the actual beneficiary of the resources of Earth. This legacy that was once ours now mostly belongs to these lifeless entities. They have not only stolen our inheritance, but rules have been put in place that are designed to never let us challenge their existence.
It appears that the latest trade agreement (TPPA) is the feather in its broad-rimmed cap. This is cause for us to tremble in fear, in my humble opinion, of what is about to be unleashed upon us and I fear that we may have reached a point of critical mass from which there may be little to no way of turning back the clock, save a catastrophic event.
Although Bitcoin has garnered favour as the first and most prevalent blockchain-based technology to go mainstream, it by no means is the only such technology and neither is it the best. NXT is Bitcoin 2.0 and I have made the decision to follow this technology because of the fantastic potential that it is able to embrace, the people of its community and, quite simply, because I believe it is the diamond in the rough in a sea of cryptocurrencies that talk mountains but move like molasses.
You have received a lot of advice from different people about putting your business on the blockchain. Who did you consult and what advice would you give for someone considering doing the same thing?
Typically, I am a man who chooses to act. If I have in my head a certain direction I feel passionate about, I move in that direction unequivocally and with conviction. Of course everyone is different. We all have particular traits, different strengths and various motivations so it is difficult to surmise what it takes to make a person successful or what steps to take to aim for success. This is why it is so important to converse with people who may be in an area that interests you. It does not need to be obvious questions about certain things that you want answers to in order to begin or structure your ideas, but by the simple effort of having conversations with the people who are in the area of your interests, you will find that the questions that you would never have thought to ask in the first place will start to appear.
This was the method to my madness in forming CORE (formerly BTCOR). Of course, I could just as easily have absorbed self-doubt and felt intimidated by the personalities and conversations that went way over my head and slid out the back door without much fanfare. Fortunately, God gifted me with an ability to quiet my ego, to listen more than I talk and to do my best not to make rash decisions that may burn bridges having long-term and far-reaching effects.
I must admit that the very first thing to surprise and influence me was the personality of head SuperNET developer jl777. I found her to be complicated, tireless and refreshingly approachable. In terms of consultation, I would have to give credit where credit is due. It was her encouragement to push forward on plans regardless of experience and/or skill set that was most significant.
“jl777 [4:12 PM] a powerful idea will resonate and spontaneous team will form”
But in relation to the question, I would have to lay the weight of credibility upon my greatest friend and a most excellent personality, MX. He has been not only an incredible force du jour, but an inspirational leader to many of us here in the community. In my absence from the day-to-day operations at CORE, the gravity of his commitment propels the team forward, onward and upward and is helping to establish not only CORE, but also CORE Media as a technology in the open spaces of multimedia that I think we all would like to see.
Furthermore, I would like to mention that the entire CORE Board of Executives have been instrumental in bringing this to life. This fascinating journey will serve as a lighthouse to those who will follow while they navigate the tempered waters and also as a landmark to hopefully provide the catalyst that lends the credibility that Crypto so desperately needs in the free world.
Austrian economists predict that America, and the world, will witness a depression in the near future. If this is so, do you see COFINT surviving in such a climate?
This is a great question and one that is absolutely pertinent to not only the direction that the world economy is taking, but also to my personal motivations. Given that I am a candid speaker, I am a little reluctant to divulge too much about how and why I am positioning a business model right in the thick of things so to speak, so I hope you will entertain the answer that I will give with consideration to the consequences that may rise to the surface sometime down the road should our enterprise reach the heights that I expect.
COFINT is poised to position itself as an enterprise that provides for the corporate model. We are in an industry that is based on consumables. As businesses of any industry require furniture and fixtures to be able to sell their wares, we are simply a link in the supply chain, not obliged to carry stock, not required to have a retail outlet and able to have a sales and marketing team that can span the globe. We only need a select few people who can maintain a presence, so that the businesses we deal with have a person to front up to and look in the eye to ensure that the human connection remains intact.
The connections and relationships that I have already established provide for the supplies needed to fulfill contracts. As an example, I have recently secured and sealed a contract of a quarter of a million dollars. I have no stock and I work from home,with a modest computer and a few Microsoft Suite skills. This is simply to illustrate that, in terms of survival should the unthinkable happen and a major global depression kicks in, I am protected from the ills of most business models where debt, staff, stock and expense worries can absolutely destroy a successful business.
Although I do work with modest equipment and am still a single Managing Director running the entire business, I do intend to build this into a formidable enterprise that is a saleable entity in time. This will, of course, mean that I will need to grow and employ some staff and maybe secure a premises where we can have a retail presence. However, this will only be attained by the use of our own capital to minimize exposure to any events that may seek to undermine those businesses that are not as securely protected.
Additionally, with the help of industry professionals, COFINT will be investing in technologies that will survive the coming fall. Also, using the advice and experience of our already-established Crypto partners, we will be building a structure that aligns with the CORE principles of our founding vision and building on the strengths that we have carefully been nurturing as a team this past year.
Personally, I encourage you to support, follow and grow with the CORE CONCEPT of COMPANIES. We are dedicated to our efforts to make this, our world, a healthier, vibrant, empathetic and cooperative space based on the simple concept of morality.
Peace and Love to you and your families.
Vincent Pereira – HOUSE
Core Office Furniture Ideas Northern Territory Pty Ltd
ABN 48 608 660 797