{"id":422342,"date":"2022-03-27T17:36:47","date_gmt":"2022-03-27T14:36:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/6-questions-for-mitch-liu-of-theta-labs\/"},"modified":"2022-03-27T17:36:47","modified_gmt":"2022-03-27T14:36:47","slug":"6-questions-for-mitch-liu-of-theta-labs","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/6-questions-for-mitch-liu-of-theta-labs\/","title":{"rendered":"#6 Questions for Mitch Liu of Theta Labs"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3da21ca041a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3da21ca041a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/6-questions-for-mitch-liu-of-theta-labs\/#%E2%80%9C6_Questions_for_Mitch_Liu_of_Theta_Labs%E2%80%9D\" >&#8220;6 Questions for Mitch Liu of Theta Labs&#8221;<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/6-questions-for-mitch-liu-of-theta-labs\/#1_What_has_been_the_toughest_challenge_youve_faced_in_our_industry_so_far\" >1  What has been the toughest challenge youve faced in our industry so far?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/6-questions-for-mitch-liu-of-theta-labs\/#2_What_does_decentralization_mean_to_you_and_why_is_it_important\" >2  What does decentralization mean to you, and why is it important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/6-questions-for-mitch-liu-of-theta-labs\/#3_When_you_tell_people_youre_in_the_blockchain_industry_how_do_they_react\" >3  When you tell people youre in the blockchain industry, how do they react?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/6-questions-for-mitch-liu-of-theta-labs\/#4_Which_two_superpowers_would_you_most_want_to_have_and_how_would_you_combine_them_for_good_or_evil\" >4  Which two superpowers would you most want to have, and how would you combine them for good or evil?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/buradabiliyorum.com\/en\/6-questions-for-mitch-liu-of-theta-labs\/#5_If_you_didnt_need_sleep_what_would_you_do_with_the_extra_time\" >5  If you didnt need sleep, what would you do with the extra time?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/buradabiliyorum.com\/en\/6-questions-for-mitch-liu-of-theta-labs\/#6_What_should_we_be_teaching_our_kids\" >6  What should we be teaching our kids?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9C6_Questions_for_Mitch_Liu_of_Theta_Labs%E2%80%9D\"><\/span>&#8220;6 Questions for Mitch Liu of Theta Labs&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/03\/Mitch-Liu.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                &lt;p style=\"text-align: center\"&gt;&lt;em&gt;We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and throw in a few random zingers to keep them on their toes!&lt;\/em&gt;&lt;\/p&gt;&lt;hr \/&gt;&lt;p&gt;\u00a0\n<\/code><\/pre>\n<p><b>This week, <\/b><b>our 6 Questions go to <\/b><b>Mitch Liu, co-founder and CEO of Theta Labs  a decentralized video streaming platform powered by users and built on a new blockchain.<\/b><b><\/b><\/p>\n<p><span style=\"font-weight: 400\">Theta Labs is the organization behind the Theta Network  a fast, green blockchain designed from the bottom up for <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a> and entertainment. In 2019, Mitch launched Theta.tv, a decentralized livestreaming platform that makes use of tokenized bandwidth-sharing to make video content delivery faster and cheaper than mainstream alternatives. Most recently, Mitch and his team launched ThetaDrop, an NFT marketplace powered by the Theta Network.<\/span><b><\/b><\/p>\n<p><span style=\"font-weight: 400\">Mitch has been an investor and entrepreneur in the tech space since 2007. He received a BS in computer <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a> engineering from MIT, conducted research at MIT Media Labs Interactive Cinema group and received an MBA from the Stanford Graduate School of Business.<\/span><\/p>\n<p>\u00a0<\/p>\n<hr \/>\n<h4><span class=\"ez-toc-section\" id=\"1_What_has_been_the_toughest_challenge_youve_faced_in_our_industry_so_far\"><\/span>1  What has been the toughest challenge youve faced in our industry so far?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">I think convincing stakeholders in legacy industries that blockchain and Web3 technologies have a place in their industrys future. Understandably, this wasnt as hard with the tech folks  new technologies and new ideas are kind of their bread and butter. But youd be surprised at how even people in those spaces can be wedded to an older way of doing things. Its hard to totally reimagine your industry. I dont blame anyone for that.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In media and entertainment, it has been a little more difficult. The transition from television, radio and Web1 to social media and Web2 seemed pretty intuitive. Were <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>ing from a one-directional kind of media to a shared, more collaborative model. Web3 and distributed ledger <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> are the same but turbocharged, and a little harder to wrap your head around. But weve started to see a shift in the attitudes of media companies. Once people realize how, for example, sharing computer power and bandwidth to reduce cost and energy consumption in video streaming works, the concept clicks for them pretty quickly. One day, Web3 will seem just as intuitive as the TV. I really believe that.<\/span><\/p>\n<h4><\/h4>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"2_What_does_decentralization_mean_to_you_and_why_is_it_important\"><\/span>2  What does decentralization mean to you, and why is it important?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">To me, decentralization means taking back control and sharing power with the people and the broader community. Over the last couple of decades, we have sleepwalked into an internet  a society even  that has placed far too much power in the hands of too few people and organizations. Tech giants like Facebook (or Meta) are starting to realize that, and theyre now trying to innovate and change their narrative to convince users that they are still valued.<\/span><\/p>\n<h4><\/h4>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"3_When_you_tell_people_youre_in_the_blockchain_industry_how_do_they_react\"><\/span>3  When you tell people youre in the blockchain industry, how do they react?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Im quite lucky. Most of my contemporaries are familiar with what I do and react really well to our work in the blockchain space. I also have an easier answer I can use if I want because, in so many respects, Theta is in the business of media and entertainment, and its easier to understand. Blockchain is just the technology that allows us to add new value to the media industry, not necessarily replacing the entire industry.<\/span><\/p>\n<h4><\/h4>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"4_Which_two_superpowers_would_you_most_want_to_have_and_how_would_you_combine_them_for_good_or_evil\"><\/span>4  Which two superpowers would you most want to have, and how would you combine them for good or evil?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">I would have to pick one for practical reasons and one for fun. As much as I like to sleep, it can be such an inconvenience when you have so many plans. Id love to be able to spend more time on Theta. We have so many exciting projects in the works, and instead of spending my nights with my head on the pillow, it would be great to turn that into productive time  Id have no distractions!<\/span><\/p>\n<p><span style=\"font-weight: 400\">My second superpower would have to be the ability to fly. Sure, it has a practical transportation element (is that cheating?), but it would also be the greatest adrenaline rush.<\/span><\/p>\n<h4><\/h4>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"5_If_you_didnt_need_sleep_what_would_you_do_with_the_extra_time\"><\/span>5  If you didnt need sleep, what would you do with the extra time?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Id like to spend as much time as possible with my friends and family. Life is too short, and its only after a hard week at your desk that you realize how little time there is for the good things in life. To relax and unwind with the people you love is one of lifes blessings, and Id love to spend more quality time doing it.<\/span><\/p>\n<h4><\/h4>\n<p>\u00a0<\/p>\n<h4><span class=\"ez-toc-section\" id=\"6_What_should_we_be_teaching_our_kids\"><\/span>6  What should we be teaching our kids?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><span style=\"font-weight: 400\">Things are almost never as hard as they first <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Unless youre blessed with unnatural confidence, taking on a new challenge is always difficult. But I have lost track of all the times in my life when a task seemed impossible yet I ended up either doing better than expected or learning from the experience. And this has nothing to do with my natural ability at any given thing. From what I can see, this is universal. Try your best, and it will be infinitely easier the next time.<\/span><\/p>\n<h4><\/h4>\n<p>\u00a0<\/p>\n<p><em><b>A wish for the young, ambitious blockchain community:<\/b><\/em><\/p>\n<p><span style=\"font-weight: 400\">I would like to wish them the best of luck in this space\u2026 and tell them to keep on innovating! It is them who will lead us to global adoption. Well get there\u2026 its just about when.<\/span><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/magazine\/2022\/03\/27\/6-questions-for-mitch-liu-of-theta-labs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;6 Questions for Mitch Liu of Theta Labs&#8221; &lt;p style=&#8221;text-align: center&#8221;&gt;&lt;em&gt;We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry\u2026 and throw in a few random zingers to keep them on their toes!&lt;\/em&gt;&lt;\/p&gt;&lt;hr \/&gt;&lt;p&gt;\u00a0 This week, our 6 Questions go to Mitch Liu, co-founder and CEO of Theta Labs&#8230;<\/p>\n","protected":false},"author":1,"featured_media":422343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cointelegraph.com\/magazine\/wp-content\/uploads\/2022\/03\/Mitch-Liu.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-422342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/422342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=422342"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/422342\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/422343"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=422342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=422342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=422342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}