HIGH TECH Alt­coin is a crypto-ed­u­ca­tion

Kate Wil­son

The Georgia Straight - - High Tech -

or­tunes were lost when the Bit­coin bub­ble popped. Near the end of 2017, one unit of the dig­i­tal cur­rency had been worth US$17,900. Just 52 days later, its value had crashed by 65 per­cent, with other ma­jor cryp­tocur­ren­cies— like Ethereum, Lite­coin, and Bit­coin Cash—suf­fer­ing sim­i­lar shocks. Any­one who had poured their dol­lars into crypto at the height of its hype lost huge amounts of money.

Van­cou­ver soft­ware en­gi­neer Tom Chan, how­ever, saw an op­por­tu­nity to help. His friends and fam­ily had in­vested in the cur­ren­cies at the worst time, with few truly un­der­stand­ing what they were or how they op­er­ated. De­cid­ing to put his knowl­edge of the gam­ing in­dus­try to work, he cre­ated a vir­tual trad­ing game iden­ti­cal to the real-world crypto mar­ket in the hope that in­di­vid­u­als would think crit­i­cally and ed­u­cate them­selves be­fore plac­ing cash in­vest­ments.

“About two years ago…peo­ple had just started get­ting into the crypto space with­out do­ing their due dili­gence,” he tells the Ge­or­gia Straight by phone dur­ing a visit to Hope. “The thought was, ‘I can get rich quick, be­cause some­one has al­ready got­ten rich, so I’m go­ing to spend my whole life sav­ings on it.’ For me, it’s not right. It’s not a sound way to in­vest.

“There was an in­for­ma­tion is­sue, where peo­ple cre­ated these ideas but there was no trans­parency be­hind it,” he con­tin­ues. “We thought, ‘Why don’t we cre­ate an ed­u­ca­tional game where we in­tro­duce peo­ple to dif­fer­ent blockchain projects and cryp­tocur­ren­cies while hav­ing fun trad­ing them?’ For us, we wanted to make sure that peo­ple don’t keep los­ing money, and we wanted to have a safe and a risk-free way to have peo­ple ex­per­i­ment with it.”

The game, named Alt­coin Fan­tasy, is easy to play. An in­di­vid­ual who signs

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