For those who have been following my past articles about Enumivo, I am reproducing here the full transcript of the live interview by the hinese cryptocurrency exchange KKEX with the Enumivo developer, who goes by the pseudonym, Aiden Pearce (slightly edited for brevity and correctness):
KKEX: Hello everyone, we are so excited to tell you that we have invited the founder of Enumivo, Aiden Pearce. He will share his history and future development of ENU.
AP: I am Aiden Pearce. I’m the founder of Enumivo. I have been a software developer for more than 20 years. And the first time I read Satoshi’s bitcoin whitepaper, I fell in love with the idea. I kept on studying blockchain technology and consensus algorithms and distributed computing. And now, here we are, trying to make a difference in the world using these technologies.
KKEX: Thank you so much, Aiden, since we knew that you will come to make an interview, many ENU holders and fans sent me their questions, but due to the limited time, I have chosen some, so I am going to ask one by one. Would you like to tell us your nationality? And why don’t you want us to know who you are?
AP: I am an Enumivian. And I invite everyone to become Enumivians. I have no concept of nationality as I have no concept of nations. We are the human race. Enumivans don’t divide themselves according to nations, races, creeds, even species. We are one. We don’t discriminate. We respect all forms of life. Because we are Enumivians!
KKEX: You are one of the earliest bitcoin holders, will you use your bitcoin to control the ENU price?
AP: I will not artificially interfere with the market price of ENU. I will only interfere to give it more value by giving my time and effort to it. I started Enumivo with no hype. I want its growth organic and natural. I want everyone to see the value because of the effort and love everyone gives it. When I started it last February, I was only expecting a slow growth but with people who believe what I believe. I was surprised that the growth became so fast, even I have a hard time catching up. So I also have to step up and keep up.
KKEX: How did you come up with the name “Enumivo”?
AP: The Enumivo name is from my imagination and dream to have a place in the universe where people don’t kill other people because of greed. And we don’t have to take away other people’s dignity and their chance to live a decent life for us to have a better life of our own. Only when we look out after one another can we be truly happy. It gives our lives purpose and meaning.
KKEX: Is Watchdogs one of your favorite video games? (assuming from your username)
AP: I’m a gamer so I got myself a pseudonym, Aiden Pearce.
KKEX: How many people do you have on your team now and who are they? What background do they have?
AP: When I started it, I was alone. Then slowly people from the community came together. All were volunteers at the beginning. So I invited some of them to be part of the interim core group. The core group now has 12 people. They come from many countries and have different skill sets. We have writers, IT managers, customer service representatives, developers, etc. We are a diverse group of individuals. We don’t know each other personally but we communicate everyday.
However, being an interim group to get Enumivo started from nothing, I am now starting to consult with experts from different fields to formalize the organization. I will be restructuring the core team and make it more streamlined. The biggest challenge for me is to get a CTO and assemble a team of developers while managing the development funds well.
Remember, the greatest honor to give all ENU holders is to make sure we build a good system. I don’t want to hype. I don’t want to just tell the people what we built. I want the people to feel that we built something of value.
KKEX: We learned that ENU has block producers too, but how many ENU block producers will be chosen and when will you start? Could you explain more details?
AP: First let’s talk about inflation since it will pay for the block producers. The community will decide how much inflation there will be but it can’t be more than 5% per year. 4% will go to savings and later the community can use it to hire people to work for Enumivo (like in Bitshares). 1% will go to the block producers. The 1% will be shared by active block producers (0.25%) and standby producers (0.75%). All the producers (active and standby) are voted by the community.
Those having the top 21 votes will be the active producers. They will equally share the 0.25% inflation. The rest of the 0.75% allocated for standby producers and will be distributed proportionally to those who got votes in such a way that the lowest will get at least 100 ENU per day. When mainnet goes live, everyone with ENU can vote. They will all take part in the governance process. So they will vote for block producers. And later, they will vote to hire and where to spend the 4% inflation that is saved.
KKEX: We heard that you are working on three projects at the same time, ENU, LTS, and UBI, do you have enough energy to complete these works?
AP: LiteShares is running already and stable so i’m not giving it much time anymore unless there are problems. The UBI development has not yet started. So the main focus now is to have the Enumivo blockchain running. So most of the time I have is building it and studying all the details inside it. I will also be building the development team and will get a CTO to head the development. This is also part of the restructuring of the core team. I have the energy to make it all happen.
KKEX: If you have to choose, which project is more important for you? Why?
AP: For me the most important project is UBI since this is what I always wanted to have in the beginning. This is unique to Enumivo. The Enumivo platform is needed to make UBI run. And the LTS was created just to be ready to have an exchange for ENU and UBI and not be too dependent on which exchange will support us when we go live. So although all are important, the end goal is to have UBI running. And we will need Enumivo platform and we will keep building on it to support the UBI and other applications that will give UBI more value and utility.
KKEX: What’s the next move to expand the ENU Community?
AP: I will be writing a paper about “Enumivo Ranking Algorithm”. This will be used to fairly rank people by voting. This algorithm will be used to select the 1,000 initial settlers of UBI. And also it will be used to rank members of the Enumivo Community and they will get weekly bounties based on the ranking. This will invite everyone to be more active in the community site. I will post this article in the community and create a software to implement the ranking algorithm.
KKEX: How could you guarantee that the UBI token will have true value?
AP: The UBI tokens are market driven so the only guarantee I can make is to build applications around it that will make it useful. These applications will be built on Enumivo. So I think there will be a correlation in the value of ENU and UBI. Our focus will be to build products that will be useful to the community. If we can give UBI to 2 billion people, that will create a healthy economy. And if we keep on building to make those UBI tokens useful, we can become the biggest unified economy in the world. The promise of Enumivo’s blockchain scalability will make that happen.
KKEX: Could you explain more about UBI? How will you realize the value of UBI? In my eyes, I think the key point of this project is UBI. Till up now, no UBI succeeded in human history, all the communist experiments have failed. Finland is regarded as the developed country in the UBI world, but it is very limited, only a small area. And the UBI experiment in Finland has still declared a failure, indicating that it will not continue this year.
AP: I agree that the whole project is centered around the UBI. The UBI will give everyone weekly tokens for free and it will be fair and community driven. All the UBI experiments until now are small scale and centralized. Enumivo will be on a wider scale and it’s decentralized so no one can manipulate it and no one can stop it. That’s the difference with Enumivo UBI since it is running on a blockchain. That is our advantage. And those governments and maybe other corporations and philanthropists that will realize what Enumivo UBI is, and when they learn that we are doing it fairly in a provable way, they can also help by making donations to the UBI DAO that will even add more value to UBI tokens. So they don’t have to do UBI on their own. They can help us for the same goal and it will in fact become cheaper for them to do on a wider scale.
KKEX: But if you want to reach a consensus of the blockchain, it has to be widely or globally. So how will you do it?
AP: The blockchain consensus will be achieved by the 21 active block producers that are elected by all ENU holders. Bitshares has been doing that. And Lisk also.
But if you are asking about going global with the Enumivo UBI, well, we are putting up 10M ENU to make sure UBI tokens have value. And it is given for free. So that will help attract many people. Also the community will be helping also spread Enumivo. And as more and more people will join in the UBI program, it will become more popular. And many will be accepting UBI tokens for goods and services. Imagine if bitcoin was distributed to 2 billion or more people. That would increase its utility and popularity even more. Think of UBI as the widest and longest airdrop of the cryptocurrency space, that’s how I envision it. Enumivo was airdropped to about 100,000 people. The average is about 4,000 ENU each. So I think UBI can beat that also in terms of scope.
KKEX: You have expressed your expectations in the whitepaper that you want to achieve UBI by ENU, then if you price UBI by ENU, how will the price be reasonable and how will you ensure fairness?
AP: The value of UBI is purely market driven. So the value of it will really depend on how we develop it. And as more and more people will join, people can have more use of UBI tokens. So UBI price does not depend on ENU price. There may be a correlation but the value of UBI will depend more on how useful it becomes as a currency. Regarding fairness, only unique individuals can get UBI tokens so no single person can have much unless he buys from those people with UBI. So it will actually be very fair.
KKEX: In the near future, will ENU the community give incentives to DAPP developers in order to encourage them?
AP: Yes, if you are a dapp developer and you have a project that will help Enumivo or UBI or something that promotes social justice, we will fund you. We only ask in return is that you give your tokens to all ENU holders for free. However, this does not stop anyone from holding an ICO for their projects if they choose to do so
KKEX: ENU has cloned the original code from EOS, does EOS team provide any help? Can ENU surpass EOS? What if EOS fails to achieve their goal as they promised when the main net goes online, what will you do?
AP: Okay I will answer one by one…The EOS team does not provide direct help to Enumivo but by merely letting their code be published an open, that is already a big help. And I’m grateful to the EOS team for letting us use their work.
Now, can ENU surpass EOS? Anything is possible. It is up to us to chart our own destiny.
What if EOS fails to achieve their goal when the main net goes online? That is very unlikely. But in the very rare event that it will happen, I’ll gladly move Enumivo to a NEO clone.
KKEX: How can people claim UBI when it goes running? With passport or national ID card? If not, how could you guarantee that a unique individual only claims once?
AP: The UBI Application and Approval System will be designed in such a way that it is game theory optimal. Just like in bitcoin mining, honesty is paid and cheating is punished. In UBI, every member already in the system will become a singular oracle by answering the question “Is this applicant a real person and not yet in the system?”, The oracle will answer the truth and it will determine if the applicant is approved or not. Behind the scene, the oracle is the group of people voting and risking their UBI and they will earn if they tell the truth and they will lose if they lie.
AUDIENCE QUESTION: What if they make a mistake, but without bad intentions?
AP: If they are not sure to answer a particular application, they should not participate in the voting of that application. For every vote, they will put up some UBI at risk. It will earn if they answer the truth, they will lose if they lie and try to manipulate. It is expected the the truth will likely come out.
KKEX: Does ENU have a strict hardware requirements [to be a block producer]? Is it very expensive?
AP: To be a block producer in Enumivo, you will need cheaper hardware than in EOS. Also, if you become a standby block producer, you will have enough rewards to pay for your hardware monthly.
KKEX: Will there be KYC [know-your-customer] process to claim UBI tokens when it goes live to prevent abuse?
AP: The UBI application process is some sort of “decentralized KYC”. Unlike typical KYC where a single central authority decides if you are a real person or not, the UBI KYC is powered by a smart contract and will act as an oracle. It will answer the question if you are a real person or not.
KKEX: Do you have a special team for the Community operation? Are there institutional investments behind you?
AP: For now we have community moderators. However in the next few weeks, I want to make the community website truly community driven. I will be rewarding LTS and ENU to top community participants based on the “Enumivo Ranking Algorithm” that I will create soon.
There are no institutional investments behind Enumivo.
KKEX: Thank you so much for your participation and cooperation, I am so proud of you. And thank you Aiden, thanks for your time. You have our support.
AP: You are welcome 🙂 Thanks a lot 🙂
Email me at andy@freethinking.me. View previous articles at www.freethinking.me.