This week’s interview is with our awesome borrower Charles. Charles is a 38 year old Canadian who is happily married with 3 wonderful girls, and has successfully applied for a number of loans here at Bitbond.
Outside of technology and cars, he enjoys camping, fishing, golfing, football and hockey, and graduated in 1999 with a Diploma in Industrial Instrumentation and Control Systems Technology. Charles also cares passionately about the local Winnipeg community, so please visit the site to offer some support.
You can invest in his “B” rated loan here. Let’s get to know him!
Bitbond: Could you let us know a bit about your professional background?
Charles: I am a Senior Network Technologist for one of Canada’s largest Telecommunications companies, and I’ve been involved in the industry since 1993.
My primary role consists of the maintenance and augmentation of my employer’s transcontinental DWDM (Dense Wave Division Multiplexing) transport network and the associated networks that hang off of that (ie. IP Backbone, Video, Telephony, 3rd party access, etc.).
Along with network maintenance I am involved in mentoring less experienced staff and act as a resource for various other groups when it deals w/ network access as in getting a service on or off the pipe.
Bitbond: What was your first encounter with Bitcoin?
Charles: I first read about Bitcoin on Slashdot about 4 or 5 years ago, but at the time I didn’t put any real thought or interest in it. When the price broke the $50 USD barrier I started to take more notice in it and put more effort into learning a lot more about it.
As it turned out, there was a computer hardware vendor locally who sold Bitcoin miners and I purchased a few, started mining, then purchased a few more. I quickly discovered that unless you have very deep pockets and can afford to be on the bleeding edge of the hardware, mining was a difficult and (for me anyhow) unrewarding proposition.
I didn’t really lose interest in the Bitcoin concept, but earning it through mining wasn’t for me, so I started looking at trading and/or investing it which is how I stumbled across Bitbond.
Bitbond: Why have you decided to apply for a loan through Bitbond?
Charles: The first loan I took out was just to see if it would work, really just looking to see if this was a valid operation. You read about so many scams and frauds in cryptocurrency, I was just testing the water to see if you could truly get a loan, and pay it back.
From then, I took out a couple of other reputation loans, which are loans that aren’t used for anything but to increase your trust level between you and the lenders; I did this in case I decided to pursue interests in the future. I am actually working on getting another reputation loan as I answer these questions as I finally believe I’ve found an interest that suits me and the Bitbond model.
Bitbond: Could you describe in detail what the purpose of the loan is?
Charles: My current loan is described as “Reputation loan”. My goal is to raise my reputation enough to get a larger BTC loan in the future to purchase the kit required to convert my project vehicle to all electric and then sell it.
Besides technology, I’ve always had a passion for automobiles. I think it has something to do with the fact that I grew up in a remote northern city and the only way to get to ‘civilization’ was to drive.
Anyhow, I’m interested in what I believe will be the next big shift in the automotive industry and that will be finally getting away from the dependence of the internal combustion engine to the adoption of electrically driven motors.
As it turns out, my family and I live in a cold climate where engine block heaters are required in the winter to ensure your car will start. Block heaters are little electric elements that are inserted into the frost/casting plugs of the engine that get plugged into a standard 120VAC/15A outlet.
Due to the fact that every vehicle on the road here has these ‘block heaters’ (people that move here from warmer climates’ where the block heater isn’t required get them installed) we have an abundance of electrical outlets everywhere.
This means that if you have an electrically driven vehicle and you need to charge it, finding an outlet is easy. As an added bonus, all of the power generated where I live comes from Hydroelectric Dams and because of the abundance of water and our power hungry (American) neighbors to the south who purchase electricity in bulk we pay some of the cheapest electricity (commonly called ‘Hydro’) rates on the continent, at 7.3 cents/kWh.
So, what I’d to do is take my passion for technology and automobiles and combine them, and there is a Canadian outfit that sells conversion kits for popular light trucks and compact cars, so my goal is to purchase one of these kits, convert a vehicle to all electric, then sell it. That’s where Bitbond comes in, the BTC loan would be for the purchase of the conversion kit.
Bitbond: What motivated you to start your business?
Charles: I’m not sure I’d call this a business just yet, at this stage it’s more of an idea and a hobby. If it worked out where I could turn it into a business, I’d be grateful, but I’ve learned over the years to try and not put the cart before the horse.
Bitbond: Do you have a team or do you run the business on your own?
Charles: At this point in time, it is just myself with the idea of getting this off the ground. I have some like-minded friends that would be on-board with helping out with performing the conversion if/when I get that far.
Bitbond: Do you feel that Bitcoin is widely known? Are there many places in your area that accept Bitcoin?
Charles: I wouldn’t say it’s widely known outside of the technology industry that well. When the price bubble occurred in January of 2014 there was a lot more news about it, but when the bubble burst I think a lot of skeptics just gave up on it.
There a few vendors locally that accept Bitcoin as payment, there are also a few Bitcoin ATMs in the city where I’m located, but overall I’d say the general public thinks it is more of a ‘fad’ than anything. Personally, I believe the cryptocurrency train is just getting started and in 5-10 years time the adoption rate will be much higher.
Bitbond: Thank you so much for this awesome interview Charles!
Invest in Charles’ “B” rated loan here. Like this borrower interview? Check our previous interview with Francisco, the artisanal soap maker from Venezuela.