Our interviewee and Bitbond borrower is Peter, from New Zealand.
He told us about his passions in life: teaching technology and kitesurfing.
Furthermore, we got to know how he first got in touch with bitcoins and how it became part of his daily life.
You can invest in his loan request for only 5 days!
Bitbond: Thank you very much for taking the time to talk to us. Could you start off by telling us what your relationship to bitcoin is and how you first heard of it?
I spend a lot of time on the net, both professionally and personally, and have fairly eclectic interests, so I guess it was inevitable that I would eventually cross paths with something as exciting and progressive as bitcoin!
As I recall , I was researching the notion of decentralized or peer-to-peer governance back in 2012 when I stumbled across some online articles regarding the emergence of Bitcoin and was completely blown away by the whole concept.
I quickly developed a thirst to learn more and once I discovered the work of Andreas Antonopoulos I was completely and utterly hooked!
Like many others my initial interest was centred on mining, but it soon became obvious that without substantial capital outlay for the hardware, this avenue would remain merely an intellectual curiosity for me.
Bitbond: Cool. What do you think the future holds for bitcoin? Is it the modern-day equivalent of the internet or will it fall flat on its face?
Hmmm, difficult to say, personally I think bitcoin has greater validity then the Fractional Reserve Ponzi scheme that currently dictates our lives; and obviously once that game is over, the world will be hungry for alternatives (not too far off I expect).
Certainly the Blockchain is here to stay and in a networked society I believe Crypto currencies will always have a place, whether that’s in the guise of bitcoin remains to be seen.
As for falling flat on its face, it is a matter of historical fact that every Fiat currency ever invented has eventually done just that… So my vote goes to bitcoin in the longevity stakes, albeit maybe in a refined form.
Bitbond: What do you hope to achieve with your loan, and why did you choose Bitbond?
My small business ventures are something I primarily do for the love of it. I give tuition in areas of strong personal interest and for which I possess the skills and passion.
In my case this is in the areas of Robotics/ Information communication technology and in the summer season as a kitesurfing instructor. My loans are generally to help equip myself to enable these endeavors.
I work around a full time teaching position as HOD Technology in a NZ middle school and my businesses fit in perfectly with my day job.
I have been with Bitbond for nearly two years and love the ease of use and general simplicity of the whole process. I’ve had nothing but positive experiences with Bitbond and always take the chance to rave on to anybody who’ll listen!
Bitbond: What are the benefits of a bitcoin loan compared to a conventional equivalent like a bank loan?
A Bitcoin loan feels much more personal and avoids dealing with the frustrating red tape inherent in an institution like a Bank.
The loan rates are comparable, although obviously not as good as a mortgage rate, but then again we are talking about an unsecured situation, so I think Bitbond loans more than hold their own.
I like it that you get a breakdown of who is investing in your loan and the ability to follow them if you wish to. There is a sense of community and connection that doesn’t happen with banks and other lending organisations.
As for features, I’ve noticed other p2p btc lenders offering “instant” loans for established borrowers that bypass the 14 day funding cycle. I wonder, might it be a possible avenue for Bitbond?
Bitbond: As a business owner or an employee, does your place of work accept bitcoin? If not, what are the chances of that changing?
I accept bitcoin for my Kitesurfing Instruction. I’ve had several tourist students who have paid in bitcoin and I wish a greater number of my clients used it as well.
When you’re based at a Beach it’s super handy to be able to conduct transactions with your smartphone.
I would definitely accept btc for my Robotics and ICT tuition but very few of my local clients are currently using it.
Bitbond: What would you want potential investors to know about your loan?
Only that I’m hoping to get as close to being fully funded as I can, as I must pay a sizeable import tax on the Robotics equipment into New Zealand and If I don’t make the full requested amount I will have to cut back on the main equipment – which means less diversity and enjoyment for my students.
I would also like to add that I take pride in my repayment record. Ones reputation in a community like this will dictate future opportunities, so I try and be open to any questions investors may have and respect the fact that they are people just like me looking to better their personal financial situations.
Thank you for the great discussion, Peter!
Peter’s loan is going for more 5 days!
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