Can you dare to give away billion dollars to charity? Brock Pierce, a child actor who later turned into a video game businessman, is now a cryptocurrency titan who chairs Blockchain Foundation, has done all these, and he is just 37!
His net worth of $1 billion propelled Pierce to the rank of ninth in Forbes’ maiden List of Cryptocurrency’s Wealthiest People.
And the strategy is not a rocket science, it’s one billion minus one billion equals…“I’ve committed everything I have,” he was quoted in Rolling Stone. He doesn’t stop here as this crypto titan is determined to pledge more than what he possesses depending on the mood of the market.t the billions which account for 100-130 percent of his total asset, just because he doesn’t need anything.
His wife Crystal Rose verifies. She calls Pierce a nomad who can even live out of a suitcase for a week, “In nearly 10 full days together, I rarely saw him sleep in a bed or eat a full meal. He crashed on random couches, in the back seats of cars, on tables at bars. He gave away necklaces, bracelets, food, money, time, tequila, you name it”, Rose was quoted in Rolling Stone.
This crypto titan has the talent to get everything back as his better half told Rolling Stone that she won’t be surprised if Pierce regains all his pledged wealth within two-three years.
He can be called a true crypto titan given his track record. He co-founded a DNA, a prominent cryptocurrency firm has been an integral part of first-even Initial Coin Offerings (ICO), founded biggest tokens and coins that includes EOS and Tether, the fifth and 10thlargest cryptocurrencies in present times.
“In one way, Brock is this larger-than-life and extremely colorful character. In another way, he’s extremely quiet behind the scenes and doesn’t take a lot of credit for what he’s done. There are hundreds of millions of revenues out there because Brock was the seed that brought people together. We’re talking about stacks and stacks of people,” Crypto economic adviser Bruce Fenton describes him as the most unsung characters of the community.
In an interview with leading Australian entrepreneur Fred Schebesta at ‘Beyond Blocks Summit Seoul’ held last week, Pierce talked about his gifting nature, “Most people are playing the game of compounding interest, which is self-interest – how do they take care of themselves and produce more for themselves, storing value for their own benefit. I play a different game. A game I call “compounding impact”. How do you make a positive impact in the world? I’m not focused on myself. My name is Brock and it also means “broke”. I’m going for broke – I intend to give everything away of everything I have over time. Again, it’s about impact.”
Pierce also believes that the Philippines is the market to watch next year. “The Philippines is likely to become the most important crypto market next year, in terms of where we’re starting to really impact financial inclusion.”
“Two-thirds of the world’s population is unbanked or underbanked. Imagine if you had all your bank accounts shut down today, if you had all your credit cards shut off today, Paypal, Venmo, etc. What would life be like? And that’s a problem that most of the world faces if you’re in Latin America, Africa or South East Asia. In the same way Africa leapfrogged wire telecommunication and went straight to wireless. It’s this type of technology that is going to be bringing change to these people,” he said.
Image via Shutterstock
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