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Stephen Alexander of NXT Online and Big Hearted Positive Thinker on Crypto Clothesline Podcast

We’re super excited to bring you all a wonderful, slightly mind-blowing Clothesline conversation with super brain (with a heart to match) Stephen Alexander this week! 

(Oh and find out whether crypto will be rocking it according to Stephen’s app’s algorithms that accurately predicted the current day impact of the Internet, back in 1994).

Here’s the man who put the first bank online to underwrite a credit card transaction. The man who’s worked with major players in Silicon Valley, and who’s currently developing some pretty amazing concepts using Holochain technology.

Stephen’s looking at measuring acts of love, honesty, thoughtfulness and generosity in order to create a happier, healthier community of humans. This means potentially overriding the ruling forces we’re presently dealing with in daily life: greed, deception, fear and paranoia – all of which underlie and control our current global financial system.

(Told you it was mind-blowing…)

Now my challenging task has been to reduce to paragraph bullet points some of the main aspects of our conversation.

This is proving to be more of a brain hurdle than I’d first realised.  So bear with me (there’s gotta be a great Crypto Winter pun there), read on and PLEASE listen also to the podcast for a full understanding of this man’s offering…

Tom Miller is also an integral part of that love-tech-team and you can hear his interview here.  He and Stephen have been working together on (what I’m calling) a Kindness Project also, so it’s warm fuzzy clever tech in the Clothesline and larger community family! Hope you’re inspired to join in too.  As Dr Alison Thompson says: Everyone’s Needed.

Stephen has also generously agreed to be part of our humanitarian work with Dr Alison Thompson, as part of a tech team supporting her heart-based organisation Third Wave Volunteers.  (Listen to the conversation released with her talking about her world-wide aid project a couple of weeks ago.)

“I tend to get paid to think and solve really complex problems and to analyse where lots of things are becoming interconnected.

“My passion is helping communities understand what’s available, what they can do today in terms of empowering them to get to them, to where they want to go.”

Stephen is co-founder of NXT Online, which connects impact investors with Fintech and cryptographically verified information systems. It’s absolutely perfect for the Money Season on the Crypto Clothesline.

Stephen’s also a professor at Hult International Business School as well as a business strategy manager at Global Solutions for Consensus, working directly with Joe Lubin.

As this podcast comes to air, Stephen is working as a lecturer at Hult in the UK presenting his latest course Applied Business Blockchain & Web 3: Realising Value with the desire to ignite as many people as possible to use the application ‘Can It Work TM’ he’s developed in order to cover the prediction, creation, capture, validation, tokenisation and trading of verifiable value based digital assets harvested from the application of distributed-based solution sets used to fix strategic problems, reduce operational pain, and generate business and customer experience value in real-world scenarios.

Each student will have access to the digital Can It Work TM value ready-reckoner logic that will help them to predict the odds of a good idea working from each stakeholder’s perspective and also enable them to share their project work for assessment.

This is the first blockchain course in the world for business-oriented professionals that allows business to drive the agenda rather than technology based strategies. This will enable business professionals who have a good idea or need to evaluate the ideas of others when applying Blockchain, Web3 and the emerging peer to peer Holochain solution sets, to not only solve strategic problems and reduce operational pain but also to generate sufficient meaningful and verifiable value to each named stakeholder/actor for them to willingly and enthusiastically embrace and adopt the initiative.

“I’m desperate to train up as many young people as possible so they can not just predict information, but they can capture it. And then by capturing value and especially intangible value, like trust and truth, as we mentioned before, and even things like kindness, how can we then make those into artefacts? So those become part of our tradable activity…”

How Long Does It Take to get Anything New Adopted Without People Seeing Exactly What Value is in it For Them?

Working as we do in the realm of cryptocurrencies and the technologies that back them up and make them ‘work’, plus the applications of those technologies outside of the crypto world, it’s often pondered how we can help the larger community understand just how vital this technology is for humanity, and how it’ll change lives perhaps even more dramatically than even the internet did in the 90s…

in 1994, Stephen had predicted the outcome for the world of the adoption of the internet, but at that time, no one was really interested in what he had to say.  He managed to convince a ‘disbelieving’ friend John Mayer, to write what went on to become a very long 14 page article in the Daily Herald.

“That article was written as a consequence of me thinking through what the Internet, which not that many people had come across at the time, might do for humanity, for economics, for everything.

“And I convinced one of the best writers around, John Mayer, a dear friend of mine, to write it. He didn’t know much about technology. He disbelieved me cause he’s an investigative journalist. He really really challenged me because I was saying the Internet would change everything and that was based on the hypothesis of three pieces of technology: fibre, satellite and computer chips.

“And what we understood, most of the stuff we’re talking about today was thought of back then.  The difference is adoption… People will not adopt things unless it ultimately it gives them value.

“It has to remove the pain. So, unless a new technology could actually remove something which is painful to people in their day-to-day lives, it’s unlikely they’ll adopt it.

“…And then you’ll measure on whether it will get you where you need to be in life, as whether or not to use it. And that’s the fundamental principle I’m teaching students around the world: how to map all of that [using] an application [that shows] how to map out whether an idea is dodgy or whether it’s going to work.

“What really drives things is value [which] we ignore, especially in today’s monetary system.”

Is Cryptocurrency Seen by The Algorithms of Your App to be Great or Terrible?

Now we hear some pretty wonderful and some pretty gruesome things about cryptocurrency, depending which side of the monetary fence we sit on… many have been burned by dodgy ICOs which then went south and disappeared with all investors’ funds in the Wild Yonder, while we must all know a friend (or a friend of a friend) who’s become a virtual cryptonnaire from having invested into the right product at the right time.

It’s certainly a speculator’s jungle out there…

Part of Stephen’s research in collaboration with Joe Lubin of Consensus, is to work with huge maps, taking core technology and creating something useful that could be used on a day-to-day application like checking ID, verification of transactions, empowering communities and so on, then looking at how that would affect different marketplaces.

For example, if health, telephone and other organisations adopted crypto and all of the other capabilities, what impact would that have on them over a five year period in expanding by offering more to customers?

The next level was looking at disruptive tipping points. Digital disruption points like environmental disruption where things will never be the same again: what impact would that have in causing even more disruption or even bringing about perhaps a sudden benefit?

Then finally there was this ‘outer layer’, which would be: What would be the outcome of it on humanity and people?

“And what was interesting is if you map that out on telecommunications (and I go down to microscopic detail of drilling down), what would that mean in supply chain to a relationship when you’re measuring tiny details of different values, monetary and others are non-profit?  If you ultimately take that my findings (what Joe was really interested in), was that at best it would make an awful lot of money for Telcos in the first stage, then, they would be the architects of their own failing. They’d all have a Kodak moment because telecommunications would become [obsolete].

“Ultimately the outcome for humanity is that more people could afford more telephones.

“I then looked at this for a model for Tom Miller, who you’re interviewing this afternoon. And Tom asked me:

‘Okay, now let’s have a look at the grass roots. If we gave that same capability to human beings in communities of common interest, what would the pathway be?’

“I showed ultimately that communication and connectedness would become a human right because you’d find out how to do that without having to pay. I mean, after all, it doesn’t cost any money to put light down a piece of glass, which is what fibre optics is.

“We’ve all got devices today, and if you were working out how to collaborate, as we [can] do now with electricity, we can use our devices to share bandwidth and so you don’t need Telcos.”

Further to this, as debt is the by-product of all economies and transactions in today’s structures, and we have more debt today than we’ve got money, we’re virtually indebted into financial slavery forever.

“Whether you’re a government or a corporation, you know, it’s completely screwed, as we all know. But what I was looking for is: how to use crypto to be able to get more equity in the world.

“We’ve got to also be able to generate sufficient value where we can, so we can get out of debt forever and we don’t have to go back there.

“The beauty of this is if you are able to capture things like trust and truth and sincerity, kindness and mechanise those, then the more trusting people become and the more truth there is out there,  the more that’s being used as a fundamental principle of our economy, the more we generate.”

Stephen goes onto say that he foresees us living in communities using values like truth, not deception (note recent Australian High Commission into Banking) as our guiding principles, which will generate reciprocal exchanges, perhaps not in the form of money per se but as tokens or similar, which can be traded between us for what we need.

“We can actually have economies which are based on an almost limitless supply of value, which is what we worked out, along with how to use that to exchange things, not just stupid money. And, that’s where I see it all heading.

“I’m working on that and I’ve got it to a point of algorithms of an engine that can automate it at some stage in the near future.

“That’s probably about six months more work to finalise that. And then we’ll let that loose. I’ve been looking to see what the best platforms with that would make that work. And I’m really excited with things like Holochain because the architecture seems to be predicated on the notion of building trust between human beings rather than blockchain whose dream it is to eradicate the notion of trust, which is an old way of looking at life perhaps.”

How Do You Predict The Future Of Money in Terms of the Banking System And Cryptocurrency?

Stephen speaks about “melting all the winners” in the current financial game our  world plays, so that we return to ‘tribal geographic ecosystems’ operating on a trade-cum-barter basis, alongside potentially current industrialised models, which he claims, will be a historical first.

“And that won’t be… a single corporate structure. That’d be ecosystems, tribal geographic ecosystems going back as trade has done before we met before we industrialised it. And it may well sit alongside some levels of industrialised trade but we’re going to have this for the first time in human history.

“We can aggregate our economic power (or social and political by the way), but our economic power to be able to do things collectively, based upon an overlap of common interest of things we deem to be sacrosanct or sacred in terms our culture and because we trust.”

And as long as we, the taxpayers, keep docilely agreeing to pull the banks out of their banky doo-doo every time they collapse due to unethical behaviour, then this banking bullying will continue.  Stephen quotes the example of Greenland, where the bankers responsible for fraudulent behaviour were thrown in jail, which is he claims, was rightly so.

In the wake of the Australian Banking Royal Commission, this is a just issue.  Bank CEOs might have lost their jobs, but how many of them are being held really accountable?

“I see Fiat money existing for so long as taxpayers are willing to underwrite it when banks screw up. So, the next time we have another bank meltdown and the government says:

‘It’s okay, our tax payers will pay the bill and pay off the banks regardless’… we, the people say:

‘Well that’s not your job to endlessly support the banks on our own particular currency.

“That’s when those things (and they will) will decline.

“…there’ll be a whole plethora of other types [of currencies] and those will range from speculative coins to very stable coins.”

Within the chat itself, there is a goldmine of information to listen to, and this blog just touches briefly on some major themes. We implore you to further your futuristic monetary/ value exchange understanding. It’s one bathed in sunshiny hues of positivity and possibility based on transacting in the warm human shared values of honesty, truth, integrity and trust – values often lauded but rarely expounded in the current economic models that keep the poor very poor, the middle class very squashed, and the rich very (VERY) rich…

Show notes

Find Stephen Alexander on LinkedIn

NXT Legal (Partnering with)

Hult International Business School

Global Solutions for Consensus, working directly with Joe Lubin

Article by John Mayer: Digital predictions from 1994 to the inevitable disruption from Blockchain today


Interview with Tom Miller on Crypto Clothesline

Interview with Dr. Alison Thompson on Crypto Clothesline

Australian Royal Commission into Banking



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Disclaimer: We are not financial advisors and we chat in general terms which should NEVER be taken as financial advice. You must always do your own research (DYOR) before investing in ANYTHING not just cryptocurrency.

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