Fireside Chat with @Ned: A conversation with Steemit CEO Ned Scott at Steemfest Lisbon, 3 November 2017

in #steemfest5 years ago (edited)

I'm Andrew McMillen, a freelance journalist and author based in Brisbane, Australia.

Yesterday afternoon, I had the pleasure of interviewing @Ned at Steemfest Lisbon to conclude the second day of the conference. (Below photo credit: @aaronkoenig, from his post here.)

Our "fireside chat" – accompanied by a beautifully warming YouTube clip of a fireplace – went for about an hour, and included a mix of questions from myself and the audience. The full conversation can be viewed below.

Note: the interview begins at around 4 hours and 32 minutes into the livestream: click here to jump to the beginning of the session.

I have transcribed the fireside chat questions below. However, I'd really like your help to make this more user friendly to navigate!

If any Steemians feel like either providing clickable YouTube timestamps for each question, and/or transcribing Ned's answers in full, please create a separate post and reply below with a link. I'll edit this post to include those details. Thanks in advance.

Fireside chat questions, in chronological order:

  • Ned, I wanted to ask if you could take us back a few years. You were sitting at the dining room table with your father, and you read an article on Yahoo Finance that mentioned Bitcoin. You were interested in this topic, and you turned to him and asked him what he thought of it. What did your father say?
  • Your father is a longterm Wall Street trader and banker, right?
  • A lot of the talk around cryptocurrency back then, and even now I suppose, was about the monetary value; the dollars associated with these currencies. Was that part of the initial attraction for you, or did you see something more at that time?
  • From that early point, starting throughout 2013 and onwards, you were involved in Bitcoin meetups and travelling into New York City to meet people face to face, to talk about this whole ecosystem. As anyone in this room can probably attest, there's quite a lot of research required at first to get your head around understanding how cryptocurrency, and its functions in the world. Did you enjoy that process of self-education?
  • To bring you closer to the present, was Steemit designed maybe in part as a way to bridge the gap between that huge amount of self-research and knowledge that was required to understand it a few years ago – was Steemit designed to bridge the gap between those heavily well-read people and the mass market, who may not have the time or inclination to read about it?
  • [This is a conversation between Ned and myself, but if you guys have a question for him at any point, please raise your hand and we'll get a microphone to you.] Ned, if cryptocurrency can be thought of as a religion – perhaps you buy this premise, perhaps you don't – what are your intentions for enrolling more believers in cryptocurrency?
  • Sticking with that idea of religion: have you had any religious experiences along your journey so far? Any that come to mind?
  • Do you have people in your life, or in your business, who keep you in check in that regard? So if you're acting out in a certain way, or maybe being a bit too grandiose, are there people that bring you back down to earth?
  • With Smart Media Tokens: how do you see that plugging into existing media organisations?
  • With that example, I can see an objection that a media organisation might have: how do you moderate comments on a blockchain, which is immutable and uncensorable?
  • I think everyone in this room would be on board with that, because they already have Steemit accounts, and they could be earning Steem on their comments on [the websites of] major news organisations. How do you see yourself convincing such organisations for getting on board? What's your roadmap for pitching to them, or getting them to say, 'Alright, we'll give it a go'?
  • That's just one example of Smart Media Tokens being used. Are there other use cases that wanted to mention?
  • This may be hard to answer, but do you have a launch date in mind, or a rough idea of when Smart Media Tokens will go live?
  • You are the face of a cryptocurrency movement. What are the pros and cons of that role; being the public face of a currency and platform that hundreds of thousands of people use regularly?
  • That's a diplomatic answer. Have you had any strange or unexpected interactions with fans over the last two years?
  • Well, I'll give you a direct example I heard from someone last night. Last Steemfest, in Amsterdam, I believe several people came up to you and gave you artworks of your face they'd drawn themselves. What was you reaction?
  • To return to financial matters: your account on Steemit has an estimated account value of USD$3.5 million. What does that mean to you?
  • [Audience question about whether Ned has ongoing conversations with his father about cryptocurrencies]
  • Many people have noticed that you have chosen not to participate in Steemit so much. You don't vote, you don't resteem very often, you comment a bit. Is that a conscious choice, and what's the thinking behind that?
  • But why don't you vote? What's the thinking behind not voting? Is that to remain impartial?
  • [Audience question about social change]
  • You might be the world's first post blockchain nihilist...?
  • What occupies more of your time, day-to-day: [working on] Steem or Steemit?
  • [Audience question about the "elephant in the room"]
  • [Audience question about Ned's hairdresser]
  • [Audience question about value of Steem currency]
  • You've had a lot of conversations over the last two years with people who don't understand Bitcoin, blockchain or Steem. What have you learned about how to frame those discussions for people, and tell it to them succinctly and directly?
  • [Audience question about Steem delegations]
  • [Audience question about using the staked value of @steemit account]
  • [Audience question about upcoming 'communities' feature on Steemit]
  • [Audience question about vision for the forthcoming year, and what Ned what like to be able to announce at Steemfest next year]
  • [Audience question about value of Steem potentially decreasing when Smart Media Tokens are launched]
  • [Audience question about vote buying on Steemit]
  • Hypothetical: if you were to be looking Satoshi Nakamoto in the eye, meeting him or her or them for the first time, and had one question, what would you like to ask them?
  • [Audience question about whether Steem will be described primarily as a social media token in future]
  • Where does cryptocurrency fit into your daily or weekly life? Is it something that you use to buy things, or are you more of a holder?
  • [Audience question about how Steemit will beat entrenched players in the social media space – I think that was the question, speaker was quite difficult to understand, apologies]
  • [Audience question about using Steemit for crowdfunding projects]
  • [Audience question about future direction of Steem price]
  • Last question from me. You've learned a lot in the last two years, from already having a fair bit of knowledge to now running a company, a currency and a platform. Is there anything you now know about cryptocurrency that you wish you knew two years ago?

Once again: if you've read this far, I'd really like your help to make this post more user friendly to navigate!

If any Steemians feel like either providing clickable YouTube timestamps for each question, and/or transcribing Ned's answers in full, please create a separate post, and reply below with a link. I'll edit this post to include those details. Thanks in advance.


Was there in person - thought your questions were poignant and simultaneously charming, though I must disagree with the dismissal of the questioner's suggestion that 'the undiscussed elephant in the room" is the massive holdings of steem by a very few people and that current and potential effect on the whole ecosystem in the future.

Wow, now that is a really cool stage! Just think if you made a set like that and did daily videos on Steemit. I bet it would be a hit.

How To Claim Free Bitcoin Segwit2x Coins

  1. Convert Your Altcoins To Bitcoin By November 18th At

  2. Hold Your Bitcoin In A Cold Storage Wallet Where You Control The Private Keys By November 18th. Create A Free Cold Storage Bitcoin Wallet Here:

You will receive an equal amount of Segwit2x Bitcoins as the amount of original Bitcoin you hold at the time of the fork November 18th.

Hopefully, with our Steemit Academy, Steemit Team, and Steemit Guild,
we the people can become empowered, together; and come into abundance together, with the intention to put our abundances towards humanitarian efforts to bring in a better world. You are very important to our team, and this mission coming to fruition. I hope to see you at our meetings soon- , or , and click "Calendar", and join our Steemit Team Meetings.
Follow @earthnation

Great to see at least 1 Aussie was at STEEMfest2. Thanks for a great interview.

Great live interview @andrewmcmillen! Casual, cool and super informative. Very well done!

Thanks for sharing! Links to your post were included in the wiki articles about SteemFest² and Ned Scott. Thanks and good luck again!

nice job. I wish you success

I really enjoyed this session and thought you did a great job as interviewer - good questions with a natural but focused flow. You also handled questions from the audience as well as a bit of rambling in a professional and respectful manner.

Thanks for your participation & support in creating this profound gift economy! I hope to have more conversations with you in the future, and I wish you continued success.

Thanks Sara, lovely to meet you yesterday

Great to see at least 1 Aussie was at STEEMfest2.

Once again, fabulous job with the interview. Glad we had the chance to meet this week! Hope our paths cross again soon.

Thanks! You too! Hey, the latest episode of Reply All podcast is about something we discussed yesterday, you may be interested

Ooh, I'm anxious to hear it! I'll have to listen once I get back home...WiFi is painfully slow here.


It was a great interview and it was fun. Audience were also cool. I appreciate it.

Good Job!

Great job..

Wow! Such a great piece of work.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 64.66 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

Congratulations @andrewmcmillen, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 845 and the total pending payments to posts in this category was $5121.91. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Congratulations @andrewmcmillen! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Useful information. Thanks.

I simply love your articles, what great content and quality of posting you offer the community here on Steemit and abroad.

Thanks a lot :)

great job thanks for searing.

I love steemit

Hi @andrewmcmillen,

I'm @joshua-golbuu, or Josh for short and I just joint @TeamAustralia last week (I'm moved from the islands of Micronesia to Australia to study and live here). I just wanted to drop a note to say hello. I don't have any recent post but I very much like to get to know everyone in our team. Hope we will meet on Steemit 🤙

here is my blog:

Peace ✌ & 💖 love!

Coin Marketplace

STEEM 0.28
TRX 0.07
JST 0.035
BTC 24575.22
ETH 1990.83
USDT 1.00
SBD 3.39