Interview with Nelson Valero October 2017

Interview with Nelson Valero from 14th october 2017, first appeared on telegraph

Nelson Valero

Nelson Valero

Hi everyone! It’s Nelson Valero here from the NEM Foundation, I am one of the Council Member.

My jobs are: community manager, social media, and  many more 🙂

I will try to do my best to answer your questions.

Nem Community Russia

How did you get in NEM team? Why do you believe in the development of NEM?

Nelson Valero

Back in 2013, I did a Bitcoin thesis for University of Sydney in Australia, this made me educated on how the blockchain could potentially be the new economic layer running on top of the internet providing security and fast transactions, I read a lot of books like “Mastering Bitcoins” by Andreas Antonopoulos and “Blockchain: The Blueprint of the Economy” by Melanie Swan. I hang around Bitcointalk.org, participated in ALL coins and I found NEM. I followed its development and I like what I see, and never stopped studying its features… In the beginning of 2015, the social medias of NEM were close to DEAD what I mean is it’s quiet… So I volunteered and they trusted me… Then later they found out I’m a Systems Admin and I can do video/photoshop/website/etc so I helped and until they get to know me very well that I’m a real person. I helped implement NEM Helpdesk to help the newbies etc…

I was given 5BTC to hold… I sense it was a test of me if I’m a trustworthy person… So I said ok i hold it for u guys 🙂

Then in beginning of 2017 they recruited me… I initially nicely said “no” i don’t want to… But they told me I could potentially be a good asset for them. I believe in NEM because it has basic ingredients to build Blockchain based applications and they have great leaders who are wise and full of knowledge in terms of running business and for me I consider them geniuses, let’s not forget the NEM core devs too, I believe what they did represent what really defines what Blockchain means in my vocabulary.

5 ingredients for Blockchain based applications are::

1) NEM account

2) NEM messaging system (compatible to formats like e.g. SWIFT)

3) Namespace, decentralised dns

4) Mosaic, token or asset

5) Editable multi signatures

Nem Community Russia

How soon do you plan to implement 2FA in NanoWallet?

Nelson Valero

I believe once Trezor release the firmware support and they will release a new NanoWallet that utilizes the Trezor to act as a 2FA device (rumor ok)

Nem Community Russia

Is NEM popular in Japan? Why it is (if yes), how do you think?

Nelson Valero

Yes, NEM has a strong followers in Japan, why? When NEM was in early stage, CEO Takao Asayama foresaw its potential and decided to create a private version of blockchain called Mijin and the relationships between NEM and Japanese community grew 🙂 NEM is very popular in Russia too.

Nem Community Russia

What happened with Hitachi, why there are no news about them? Did NEM testing go well?

Nelson Valero

Sorry, all I know is they use NEM as token/rewards usage… I cannot say more about what happened with the Hitachi deal.

Nem Community Russia

What about a collective work in the system? What challenges do you have working in NEM team?

Nelson Valero

Lack of manpower and most challenges that a growing company encounter.

I have given up my day job to make sure I help the team grow. So please give us 6 to 12 months and we will build the structures behind NEM.

NEM has a strong leaders, it gave me the confidence to jump into NEM full time.

We all follow orders, take actions, if success very good, if failed, we try again

Nem Community Russia

How do you think, what platform is NEM’s strongest competitor?

Nelson Valero

So far…in my opinion…. NONE so far…If the other blockchains out there have some PoC, a working one were we all can play with… Please let me know.

Nem Community Russia

Will there be active advertisement campaign of NEM? If so, when will it be started?

Nelson Valero

Active advertisement? Please emphasize which one, TV? Google ads?

The leaders believe in attacking the market directly so this is why we are focussing on finding city leaders to do NEM101 once a month to spread the word about the NEM blockchain.

The Blockchain Center is our partner and they are expanding in Shanghai now in Shujo. NEM 101 will be held on these centers too.

NEM Blockchain Center in Malaysia will be launched from the end of November to mid December.

Nem Community Russia

What future developments in the NEM project do you think are most important?

Nelson Valero

Catapult 🙂

More features like multi-transactions.

More scalability (TPS > 4000+)

And many more…#comingsoon.

Nem Community Russia

What is Tx capacity of NEM for now and what will it be after Catapult launching?

Nelson Valero

Well… All of you have tried to send XEMs peer to peer, its instant right?… but unconfirmed.

Block creation is every 60 seconds.

A memory of the node can handle 1000 txs.

A block can process 120 transactions every 60 seconds.

In the future once this Catapult is released 4000 tps.

Nem Community Russia

How much job left to start Catapult project? What remains to finish?

Nelson Valero

Catapult release will be for the private blockchain.

Catapult release for NEM public chain is probably early next year? (i have not 100% for the dates ok)

Nem Community Russia

How will Catapult be tested? Your new devs Aleix and Guillem will tested it? Did you use unit-test , if yes what is code-coverage?

Nelson Valero

I heard they are testing it… Catapult is so secret I know nothing as well…

Nem Community Russia

Are atomic swaps possible with NEM?

Nelson Valero

Atomic swap is a “fancy name” for swapping a coin? From one blockchain moving to another blockchain?

We have a stable blockchain so… I do not think we will have one… Unless we have a very strong reason to do it…

Nem Community Russia

What option is more profitable for harvesting – delegated or with own node?

Nelson Valero

For me delegated… Just check it daily because sometimes the node you are linked reboots for whatever reasons. Just restart the harvesting.

Nem Community Russia

What is NEM’s blockchain size?

Could NEM have problems with scaling in future? If “yes”, could Catapult solve this problems?

Nelson Valero

NEM is light 🙂 the Nodes handles that… File size of the database? 1Gb i think (I could be wrong ok). I cannot see any scaling issues for NEM, we are not copied where the database size increases exponentially.

Nem Community Russia

What if we want to make practical use of the mosaic. Can we use mosaic for this chat? If we give tokens to users, is it possible to connect mosaic and the telegram chat? Your opinion?

Nelson Valero

Too expensive I believe to use Blockchain as a chat program, no?… Every sending/receiving u pay a fee.

Much better use case for mosaic is to represent something of value (tokens,reward points, ICO etc), XEM is a mosaic, NEM is a namespace.

Nem Community Russia

What is the global goal of NEM?

Nelson Valero

Become mainstream and NUMBER 1 in the Enterprise/SMB level like SAP or Oracle 🙂

Nem Community Russia

What step can help to create a strong community before the establishment of the NEM Centre getting budget for region etc? As a NEM community what we Should focus on either live /online events in maximum of the cities or on the SMM and content or on the actual projects and support their dev teams.

Nelson Valero

To achieve a strong community we are slowly getting city leaders to do the NEM City to do NEM101, for example we now have NEM Bangkok, NEM Indonesia, NEM Melbourne, NEM Sydney etc….., we also do live and online NEM101.

I believe anything can be achieved if we all work together and try to achieve a similar goal… I cannot promise a guaranteed success but I am a person that will keep on trying… Try and try until you succeed 😃

All we care is peace and cooperation and most of all, a positive mindset so that we could move this forward and gain mainstream… We have the basic 5 ingredients(NEM Account, Namespace, Mosaic, Messaging,Multisig) , that NEM Blockchains offers… Please study them and a lot of business ideas will pop from your mind and you know…you create a startup for you and your team mate..and create a business from this.

Nem Community Russia

And last one, what is your hobby? =)

Nelson Valero

I used to play tennis and ex 1st Dan WTF taekwondo (retired now)… My hobby nowadays is evangelizing NEM Blockchain to people how great it is.

Nem Community Russia

Thank you for chat! You’re doing great job with your team and we wish you to “capture the World” with NEM =)

Nelson Valero

Thank you and have a nice day 🙂

 

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View more interviews with foundation members:

Interview with Lon Wong & Interview with Jeff McDonald

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