INTERVIEW: Founder of Edgecoin Luke Arliss

Luke Arliss – founder of Edgecoin

https://edgecoinpay.com/

 

 

The trader without education – who created his own cryptocurrency

The interest in cryptocurrency is exploding, but what is a cryptocurrency and can anyone start one?

Today we are privileged to have a chat with Luke Arliss from London, a successful quantitative trader who started his own cryptocurrency “Edgecoin”, to learn more about cryptocurrencies, Edgecoin and Bitcoin – but also a comment on Dogecoin!

 

Tell us little about your background!

Luke Arliss – founder of Edgecoin: I have been in the Cryptocurrency field since 2013 where I used quantitative trading methods and algorithmic programs to reduce my risk and maximize my profits & returns within the “Crypto space”.

I was working with banking institutions in Switzerland catering predominantly for Bitcoin.
I then left the banking sector and I have partnered with Chris Johnston and Charles Douglas on creating a black box mechanism / escrow service catering for the asset of Bitcoin since 2019.

Over some years I have managed to gain a large award winning contacts in my network and I have managed to bring institutional Banks, Hedge and wealth management companies onboard to Charles Douglas Lawyers as clients for the purchase of Bitcoin. We go through a full KYC vetting process with all our clients and Due diligence on Bitcoins ensuring that they are compliance approved under the Act 5ALMD.

 

What is Crypto Space?

Luke Arliss – founder of Edgecoin: A ”Crypto Space” can be defined as where the transaction takes place.  A cryptocurrency is a digital currency that uses cryptography to secure and verify its transactions, recording them in a decentralised and immutable ledger known as a blockchain. … However, cryptocurrencies have no physical form that you can take out of cash machines, for example, and exist only in the digital space.

 

When you were doing quantitative trading with algo, did you do the trades manually – or were you allowed to connect your program directly to the market?

Luke Arliss – founder of Edgecoin: I use a combination of both methods and have been highly successful in my trading.

Quantitative vs algorithmic trading.

Here are a few important distinctions between the two: Algorithmic systems will always execute on your behalf. Some quant traders use models to identify opportunities, but then open the position manually. Quantitative trading uses advanced mathematical methods. It is my ability to assess the raw data and to make decisions that will result in positive outcomes for investing.

 

Before you go any further – what is a cryptocurrency?

Luke Arliss – founder of Edgecoin: Cryptocurrency is a form of payment that can be exchanged online for goods and services. Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

A cryptocurrency is a type of currency which uses digital files as money. Usually, the files are created using the same methods as cryptography (the science of hiding information). Cryptocurrencies use ’decentralized control’, which means that they aren’t controlled by one person or government.

 

Why did you start Edgecoin? And what is it?

Luke Arliss – founder of Edgecoin: We decided to start Edgecoin in 2017, because after extensive research we became aware that the needs of hard-working students were not being met. They were not only paying exorbitant bank and exchange rate charges under the current antiquated system, their payments were often arriving late and causing further problems.

The Edgecoin method of payment eradicates all these and also allows the student to ” Earn while they learn ” they automatically  ”mine” Gradecoin a fluctuating token whilst holding Edgecoin, this also applies to the educational facilities.

Edgecoin is an Educational Stable Coin that provides an open payment system for educational institution where individuals can make education related transactions such as enrollment fee, accommodation, books and etc via a decentralized application to be settled at the same speed as the Internet while making full use of the education infrastructure, regulation and stability of traditional finance process systems.

Individuals can make education related transactions such as enrollment fees, accommodation, books and all educational spending via a decentralized application.

Edgecoin is connected globally with guaranteed safe, fast and secure transactions. The future for smart educational payment related fees.

 

How do you make money?

I am the Founder/director of Edgecoin and also an early Investor in the Crypto Space. I founded Edgecoin and Gradecojn in 2017 and I am also the co-founder and CEO of LA Investments, a crypto based asset management Hedgefund company.

We earn money through the transaction process, although each transaction only results in a miniscule fee and represents a fraction of the cost to the consumer. We aim to be the leading provider in the educational field which is growing in trillions of dollars each year.

The Edgecoinpay.com team are also investors in a brand we all believe will dominate the market.

Blockchain has become the most trending topic in the technology and investment world. Most companies are looking for blockchain solutions for their business settlement. Initially, it was more popular for financial transactions in the digital currency market. It was only known for transactions of Edgecoin and other cryptocurrencies.

Although Edgecoin is a profit-making company, we are involved in providing funds to several charitable organizations that we are fully committed to helping and are creating jobs in the industry.

 

How do a student buy edgecoin, and how any store accept is as a valid payment?

Luke Arliss – founder of Edgecoin: To buy Edgecoin you’ll need a “wallet,” our online app that can hold your currency. Generally, you create an account on an exchange, and then you can transfer real money to buy Edgecoin. This can then be used to pay for all your educational needs, including fees, book’s and will be accepted by the many universities that are coming online to accept Edgecoin payments. The students will benefit from transaction costs and will automatically mine Gradecoin a fluctuating coin whilst holding Edgecoin and ”Earn while they learn. The universities will also benefit from holding Edgecoin.

 

Can anyone start-up their own coin?

Luke Arliss – founder of Edgecoin: Although possible to start up your own currency, it is a highly skilled and expensive process to undertake. Cryptocurrencies can be divided into two large subcategories – coins and tokens. While they are both cryptocurrencies, there is a difference between a coin and a token. Understanding their main concepts will help you figure out how to make your own cryptocurrency for specific business needs.

You should now know the simple definition of both a coin and a token: coins are native to their own blockchain. Whilst tokens have been built on top of another blockchain, like Ethereum, NEO, or Waves. Coins are most often used simply as money; however, some coins do have other uses.

 

What do you think about the future – will cryptocurrency take over the market or will crypto and cash co-exist? And why do you think so!

Luke Arliss – founder of Edgecoin: The Bank of England will examine how Britain could adopt a bitcoin-style digital currency as part of a global group of central banks that have joined together to examine the possible pitfalls of relying on electronic money.

Bank officials will meet with the Bank of Japan, the European Central Bank (ECB), the Sveriges Riksbank, the Bank of Canada, the Swiss National Bank and the Bank for International Settlements (BIS) to pool research and experiences of the potential for a central bank digital currency (CBDC).

The BoE deputy governor Sir Jon Cunliffe will co-chair the group with Benoît Cœuré, a former ECB board member and head of the BIS innovation hubDeutsche Bank sees that by 2030 digital currencies will rise to over 200 million users. Deutsche Bank made a very bold statement. The German bank published a research report called Imagine 2030. In this report the bank says that cryptocurrencies are currently just additions to the current money payment system.

According to Deutsche Bank the current money system is fragile. Deutsche Bank sees that by 2030 digital currencies will rise to over 200 million users. In the “Imagine 2030” report, Deutsche Bank suggests that digital currency could eventually replace cash one day, as demand for anonymity and a more decentralized means of payment grows.

 

What do you think will happen with Bitcoin – it is now the most well-known cryptocurrency, however there are other cryptocurrencies that can perform better as digital payment? Which one and why?

Luke Arliss – founder of Edgecoin: Bitcoin is already replacing gold as the standard “safe haven” and with continued investment from the large institutions is here to stay. Cryptocurrency is part of the technological revolution that places the power firmly in the hands of the consumer and with decentralization away from the banks.

In countries where it’s impossible to open a bank account for many of the population, they will be able to download an app to their phone for free.

With Bitcoin. Not the skeptics, not the believers, not even Satoshi Nakamoto. There is no crystal ball.  Many of the sharpest minds in crypto embrace that uncertainty, broadly agreeing that we just don’t know. And perhaps that’s part of the allure. “Most of the biggest use cases 10 years from now will be things that would sound insane to us today. “Kind of like how an encyclopedia that anyone can edit would have sounded crazy to people in the pre-Wikipedia era.”

 

What do you think about Dogecoin – will it eventually be something serious?

Luke Arliss – founder of Edgecoin: Dogecoin has a critical flaw. Originally, Dogecoin had a hard limit of 100 billion tokens, similar to Bitcoin’s cap of 21 million tokens. However, the developers changed their plans in 2014, eliminating the supply constraints. In other words, as long as miners continue to build the blockchain, more Dogecoin will continue to wink into existence.

In fact, each time a block is verified, the miner receives a fixed reward of 10,000 Dogecoin tokens. Unless the code is rewritten, this will go on forever.

That’s a critical flaw. In economics, when demand is held constant, the price of an asset goes down as the supply goes up. And if the supply of an asset inflates to infinity, the price should theoretically drop to zero. Unless the code is rewritten to introduce scarcity, I believe that’s where Dogecoin’s price is heading. It may not be this year or the next but the over supply will make the price crash.

 

What is your next step after Edgecoin?

Luke Arliss – founder of Edgecoin: Edgecoin is a massive undertaking and will require a great deal of my time in the near future. I already participated in several charities and would like for Edgecoin to be part of more humanitarian projects and to be part of building a better world for future generation.

 

Dagens Börs wish Luke Arliss and his Edgecoin the best of luck in his forthcoming endeavor.