Ryan Bethem

COO at Chintai and 3 other companies
On the record
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Bio

Former Psychologist in San Francisco, specializing in the psychoanalytic treatment of complex trauma and group therapy. Hopes to see EOS become a hub for redefining how communities can govern to amplify personal autonomy, raise the bar for the quality of life, and set people free from exploitative third parties. Passionate about grassroots campaigns related to social justice and financial equality.

Recent Quotes
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  • What are typical interest rates that you think you will see? Lately EOS leasing rates have been very low on Chintai, which is obviously indicative of the market conditions. Are you expecting higher rates on other tokens?

    "EOS rates are extremely low due to network upgrades, dApps taking parts of their contract off chain, and network fees subsidizing CPU availability through REX. All of these factors are highly specific to EOS tokenomics. I am not expecting rates that we saw during the first few months of launching Chintai, and we will have to observe each token economy to understand how the leasing markets work respectively.

    We can say that increased demand for any utility token is a forward indicator for a robust leasing market. What’s more interesting to me about this phase of the project is the completion of the matching engine and flexibility of the Chintai tech stack. First, we can accommodate leasing of any token. And our engine can be used in the background by any application or product to connect EOSIO blockchains with existing industry. Our focus from here is connecting Chintai with existing industry, existing behaviors, and enhancing those products respectively… this is where I’m extremely bullish on collectibles (NFT, SFT)."

    It is pretty clear why someone may want to borrow EOS (dApp devs need EOS to stake for resources). Why would anyone want to borrow other tokens other than for speculative reasons?

    "Good question. Each token economy has specific reasons for leasing. Many of which we are just beginning to evaluate in detail. First, token leasing is not for every token economy. Second, token leasing for fungible tokens will inherently have different elements to consider when compared to NFTs.
    It’s very easy to see why people would want to lease or trade NFTs and SFTs. People love collectibles. Personal meaning and attachment gets infused into collectibles – essentially becoming an extension of someone’s person. So take gaming as an example. Hours, upon hours are spent collecting items, acquiring achievements, and so on. Now tell everyone who is a gamer that you can play the same game, earn items that are provably unique, and can then sell and trade them for profit?! No-brainer. I can see a world where movie production companies create the equivalent of “digital beanie babies” for their movies, which can then be traded and played with on any of the common devices we use today such as a smart phone. The potential is vast and huge.
    And again, a big part of our focus is connecting existing industry with the potential of NFTs and SFTs. Our recent partnership with Decentranet, a cryptocurrency advisory group, has the resources to help bridge the gap from a startup with great idea, to implementation and meaningful use cases in existing industry. Whereas fungible token leasing markets as we’ve seen with EOS will depend on demand in emerging token economies, we can plug in our technology to existing products that already have a large user base and perhaps ignite a massive wave of user adoption for blockchain based technology.
    But when we’re talking about fungible tokens, how about we take BOID as an example. You need the BOID token to monetize your idle computer power. This makes for a good combination between those who have lots of idle computer power but no BOID, and those who have a lot of BOID idle computer power. BOID holders will be able to make passive income, and people who have loads of extra computer power can get BOID at a very low price.So again, each market will uniquely benefit from leasing. But the sky is the limit, especially when utility tokens become more integrated into existing and emerging industry."

    SOURCE : https://www.eoswriter.io/96154_interview-get-ready-for-token-leasing-with-chintai.eos

    11 September 2019
Employment
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  • Chintai (https://chintai.io/)
    COO
    started Sep 2018
  • EOS42 (https://eos42.io/)
    Head of Product
    started Sep 2018
  • Ryan Bethem, MA, LMFT
    Private Practice Psychotherapy
    Sep 2011 – Sep 2018