Speaking with Dmitry Buterin, Father of Vitalik Buterin, Creator of Ethereum

04/19/22 • 72 min

In this episode, the yWhales team speaks with Dmitry Buterin, an entrepreneur, mentor, blockchain investor and founder of three multi-million dollar businesses, including the top-ranked membership management software company, Wild Apricot, which serves over 20,000 non-profit organizations. Dmitry shares his perspective on cryptocurrency as the father of Vitalik Buterin, creator of Ethereum. He discusses how his parenting parallels his philosophy for a successful business and how he raised a successful son into the crypto space.

About Guests

Dmitry Buterin grew up in the Soviet Union, in Grozny, Chechnya, and then moved to Moscow at the age of 17 to study Computer Science at the Moscow Institute of Electronic Engineering (MIET). In 1994, he started his career working briefly at DialogBank as a software engineer, and then at Arthur Andersen Business Consulting as a computer systems consultant (ERP/Financial systems). In 1997, he co-founded his first business, Columbus Russia, a financial software reseller and consultancy. He has been a serial tech entrepreneur ever since. Each venture has been bootstrapped and never raised outside capital. Three of his businesses have reached seven figures in revenue (Columbus Russia, Bonasource, Wild Apricot), and one of them reached eight figures (Wild Apricot). At the end of 1999, he moved to Canada, and has been living in Toronto ever since. From 2006-2017 he ran Wild Apricot, a SaaS serving over 20,000 small nonprofits. Wild Apricot was acquired in September 2017, and he transitioned out of the business in December 2017.

You’ll learn about:

Dimitry’s background with cryptocurrency
How Dmitry nurtured his son’s interest in crypto with boundaries
How being a father parallels with his philosophy for a successful business
What he instilled for Vitalik to stay humble with his mass success
His perspective on Ethereum and the crypto space

Resources:

Connect with Dmitry Buterin: LinkedIn | Website

Connect with YWhales: Website | BitClout | Twitter

Blockgeeks: Website | Twitter

Timestamps

[01:23] Dmitry’s background

[07:32] Dmitry’s position as a father

[15:50] Philosophy for a successful business

[21:26] Early pain points

[26:09] Staying humble with mass success

[32:37] Freedom and creativity

[35:14] Multi-chain ecosystems

[39:49] Continued technological improvements

[45:42] ETH 2.0 - PoS

[48:30] ETH Tokenomics

[53:23] NFTs

[1:00:59] The current state of affairs

[1:07:59] Alpha

DISCLAIMER: yWhales is not affiliated with YPO but at this time only allow for YPO, YPO Gold, and YNG members due to privacy & confidentiality. Support and production for today’s episode was done by Truth Work Media. Nothing in the podcast constitutes professional and/or financial advice, nor does any information on the podcast constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

About Guests

You’ll learn about:

Dimitry’s background with cryptocurrency
How Dmitry nurtured his son’s interest in crypto with boundaries
How being a father parallels with his philosophy for a successful business
What he instilled for Vitalik to stay humble with his mass success
His perspective on Ethereum and the crypto space

Resources:

Connect with Dmitry Buterin: LinkedIn | Website

Connect with YWhales: Website | BitClout | Twitter

Blockgeeks: Website | Twitter

Timestamps

[01:23] Dmitry’s background

[07:32] Dmitry’s position as a father

[15:50] Philosophy for a successful business

[21:26] Early pain points

[26:09] Staying humble with mass success

[32:37] Freedom and creativity

[35:14] Multi-chain ecosystems

[39:49] Continued technological improvements

[45:42] ETH 2.0 - PoS

[48:30] ETH Tokenomics

[53:23] NFTs

[1:00:59] The current state of affairs

[1:07:59] Alpha

Previous Episode

A Conversation with Ben Cowan, Founder of Into The Cryptoverse

The yWhales team speaks with Ben Cowan, Founder & CEO at Into The Cryptoverse, a quantitative market analysis through weekly video updates, premium reports, telegram channel access, and publications. Cowan shares his journey with the project. He started a YouTube channel in 2019 and then founded Into The Cryptoverse in 2020. He discusses the company’s growth and how macro-level logarithmic regression analysis helps distinguish between accumulation phases and mania-fueled speculative bubbles.

About Guest

Ben Cowan began his interest in algorithmic analysis and cryptocurrency while pursuing his undergrad in mathematics and eventually a Ph.D. in nuclear engineering. He wanted to find something that was decentralized where there was a fixed supply. He was able to learn more about cryptocurrency in the inflation area environment and couple all of his interests into bitcoin. His desire to educate people about the asset class and reveal the “method to the madness” led him to found Into The Cryptoverse.

You’ll learn about:

Ben’s journey in crypto and bitcoin
Fair value of the asset class and logarithmic regression
Into The Cryptoverse
The upper echelon of bitcoin
Social metrics
What should you focus on in bitcoin?
Picking a layer one
Crypto and the gaming industry

Resources:

Connect with YWhales: Website | BitClout | Twitter

Timestamps

[01:44] Intro to Crypto

[04:14] Time is the secret

[07:58] Into the Cryptoverse

[09:37] Screensharing site

[19:00] Current State of the Market

[31:50] Upper Echelon Bitcoin can hit

[36:13] Accounting for growth

[38:08] Risk

[45:05] Dynamic DCA

[1:02:34] Macro indicators that can have real impact

[1:12:58] DAOs

Next Episode

Chatting with Rob Lubeck of BurstIQ

In this episode, the yWhales team speaks with Rob Lubeck, Chief Growth Officer at BurstIQ. BurstIQ connects any data from any source in a global network of businesses, researchers and people – all connected directly to each other. Rob talks about the concept behind BurstIQ and how it’s grown into a full end-to-end blockchain enablement system, with blockchain-based big data management, consent and data sharing, cognitive computing, monetization and global data exchange.

About Guests

Rob Lubeck has over 25 years of experience and is a competitive, results oriented high-performance executive with a rich background in Start-up and Growth Organizations across multiple industries. Prior to joining BurstIQ, he was the Chief Executive Officer for an Educational toy company Building Creative Kids where he led Strategy and Operations with full responsibility for bottom line factors including planning, sales/marketing and channel strategy.

Rob began his career with the global marketing and advertising firm Foote, Cone and Belding and was then part of two successful start-ups in the .com world including Verio and OneSecure. He then made the successful leap to Real Estate Development/Management and was instrumental in the success of several projects primarily located in Hawaii valued at over $300 million dollars. Rob is a current member of the Rocky Mountain Chapter of Young Presidents Organization, past Rocky Mountain and Regional YPO Board Member, Colorado Board of Realtors, Institute of Real Estate Management Certified Property Manager and a LEED Accredited Professional.

You’ll learn about:

Rob’s background with Web3 and what got him excited about it
The innovative concept behind BurstIQ and the four aspects to enable it
How the technology works from storage protocols and public and private key infrastructure
Some of the beta testing they’ve done and some success cases
The roadmap for BurstIQ - where they are today and where they are heading

Resources:

Connect with Rob Lubeck: LinkedIn

Connect with YWhales: Website | BitClout | Twitter

BurstIQ: Website | LinkedIn | Twitter | YouTube

Timestamps

[01:01] Rob’s background

[03:59] About BurstIQ

[10:19] Breaking the code on Healthcare Data

[14:22] Data implementation

[20:35] The fees and storage protocols

[23:18] Access - public and private key infrastructure

[25:51] Use Cases