Today via video call our reporter talked to a person who turned the world of financial analysis upside down. Our website has a unique opportunity to take a look at a short interview with one of the most secretive people of our time, whom many compare to Satoshi Nakamoto – Michael Hill, an Oxford graduate, Master of Economics, and one of the creators of the FBC14 algorithm and the FBC Fund.
Reporter: Hi, Michael, thank you for joining us today! Please, tell us how the idea of such an algorithm occurred to you? How do people even come up with something like that?
Michael Hill: You’re welcome. The problem with our society is that people only see success, and all the failures and vain efforts always remain unnoticed. You like our algorithm, but only a few people pay attention to the fact that it took us 8 long years to develop it. In the beginning, we worked on a few other projects and after the setback, we moved on to the algorithm.
Reporter: What was the original idea?
Michael Hill: Well, at first, we wanted to teach AI to independently predict the cost of stocks, raw materials, the cost of cryptocurrencies later, but after many unsuccessful attempts we realized that we simply couldn’t teach the neural network. By that time, it had analyzed 947 variables, but apparently, it still wasn’t enough. We would get successful results about 4 out of 10 times, which was disappointing. Quite often the neural network simply didn’t have time to analyze the situation, and it was already changing dramatically. After that, we moved on to the idea of an algorithm. There were 12 versions before, and only FBC14 became successful. By the way, FBC12 had 8 successful forecasts out of 10, which is also not bad.
Reporter: It’s impressive, Michael! I mean, you’ve been working on this idea for 8 years and you didn’t give up, wow. A great inspiration and motivation for many people. Please, tell me, as far as I understand, you’re a very rich man now, huh? Your algorithm is a treasure! But why sharing this treasure with others? Why did you create an investment platform at the first place?
Michael Hill: It’ll probably be hard for you to believe, but it’s rather simple. I just want to help people, no matter where they are, what they do, what God they believe in, what color their skin is. I have no doubt that the block chain and cryptocurrencies will change this world. It will be a real utopia, where the global resources won’t be concentrated in hands of 1% of the population, but will be available to anyone. I believe in this idea and I’ll do everything to make it real.
Reporter: If you’re telling the truth, it’s commendable.
Michael Hill: I am.
Reporter: I don’t doubt it, because I’m also investing on your platform (laughs). Tell us, how has your life changed after the invention of the algorithm?
Michael Hill: Almost nothing has changed, I’m not one of those who likes yachts, private jets, black caviar and other so-called delights of the billionaire life. I’m a fairly modest person, almost all my money is donated to charity. Now I’m also supporting the fight against coronavirus.
Reporter: You’re just being humble (smiles). The constant question of our readers: what guarantees does your company provide? You know, everyone is concerned about the investment portfolio, especially now.
Michael Hill: First of all, the most important guarantee is our algorithm, which was used to calculate tens of thousands of operations, and the average success rate was 97.6%. The second guarantee is the insurance fund since absolutely all deposits of each investor are insured. Even in case of unforeseen circumstances, everyone will get at least their own money. And third, the reputation, both mine and the company’s. I see no reason to doubt it.
Reporter: Ok, but imagine that a reader doesn’t know anything about you, and hears about your platform and algorithm for the first time. Could you please briefly tell us how it works?
Michael Hill: Sure. The investor signs up on our platform, makes a deposit, chooses one of 5 rates based on the amount of the investment and the desired income, and begins to receive daily accruals, the contract is valid for a year. And again, it doesn’t matter where he is or what he does. Currently, only the English version is available, but we’re already working on translating it into 8 languages and developing a mobile app for users’ convenience.
Reporter: I figured it out in a day, by the way. It really is simple. My colleague asked me to ask this question: in his understanding, shortly after the invention of this the world would change dramatically, everyone would start hunting for your algorithm, they would try to get it, governments of different countries would become interested in you, and so on. Tell me, why nothing has changed, and it seems like no one even paid attention to it?
Michael Hill: Good question. I think the point is that, first of all, the algorithm itself, although it is called an algorithm, is not the secret formula of Mr. Krabs’s Krabby Patties, which Plankton tried to steal in the Sponge Bob cartoon. You can’t just get it and use it, everything is much more complicated. The second reason, I think, is that some people to whom I even explain the principle of operation personally, can’t understand it and don’t believe that such things do actually exist. Even my former colleagues at Oxford were skeptical about FBC13 until they saw it themselves. And third, now the public’s attention is focused on something else, and this word is all over the news. I think you know what I mean. (smiles)
Reporter: Yeah, the entire information field is all about it. Could you please share your plans for the future, what’s next?
Michael Hill: Helping people is a priority right now. Last week, our charitable foundation ordered 2 million masks for hospitals. We also plan to invest in pharmaceutical companies and buy a vaccine. Now we give almost 25% of our income to charity.
Reporter: That’s nice to hear. I actually noticed that many celebrities have started donating to the fight against COVID-19. And the last question, I recently read in the news that your fund has invested in VectraCoin. As far as I know, you have purchased as much as one-fifth of the coins. Tell us, why VectraCoin specifically and how often does your fund invest in projects like these?
Michael Hill: We’re constantly investing in new projects on the market. Everyone knows about our remarkable success in the Defi sector, the one where we have earned our investors hundreds of percent growth over the past six months. Why Vectra? You will see in a few years (smiles).
Reporter: Thank you for answering my questions, Michael! Much growth and prosperity to your company!
Michael Hill: Thank you, it was nice talking to you.