Speaker Interview: Mark Karpeles l KBW2024

[Music] for me the perfect apple pie includes a gustard cream so typically for the uh crust you can buy it pre-made but it's a butter uh flour and some salt and water and you cut the apples uh for the custard cam you put six eggs about 50 c of uh cream you mix it you add sugar uh you add some French rum not the uh American rum from the Jamaican but the French martini Crum is typically the best one for this uh mix it get your crust ready add the apples add the cream and in the oven for about 1 hour and it's a very good one I a lot of success with [Music] it then a lot but that uh technology and especially creating new technology can create an advantage of a competition uh back in the days when you bought hosting from a normal company uh you would buy online and then they would set it up it would take a few hours sometimes a day and I built a system that would allow me when the payment was confirmed to get everything set up in seconds so you chose the domain name you put your information you paid and the from that one two second you could access your domum and everything was ready to be [Music] used that's a lot of discussion but I guess the most difficult one was to uh say that we were going for bankruptcy uh we did try to salvage and we talked with investors I had the people working on Business Development that put together lot of information about mongos and the deck was actually leaked which caused investors to stop talking to us and at that point we didn't really have a choice anymore uh but still that was a very difficult choice and now day seeing how different exes dealt with this with issuing tokens or different other options I think we would have done things maybe differently especially think bankruptcy has taken 10 years to complete uh but back in the time it was the only option we had in front of us for me risk is still important because you don't create something new if you don't take some risks crypto used to be very early in 2010 it was in terms of risk it was the riskiest thing of all now day we have a lot of things that are set up uh we have a lot of history to build upon so it's not much of a risky world anymore uh but I still like crypto a lot so I still trying to build new things here and make it easier for everyone to [Music] use I think the main quality that's required is to not be afraid uh to move forward