6 Questions for Lugui Tillier about Bitcoin and the future of crypto

Lugui Tillier is the gross sales supervisor for Lumx Studios, one of many prime cryptocurrency corporations in Rio de Janeiro — a metropolis with a burgeoning crypto trade.

However for Tillier — who holds twin citizenship between Belgium and Brazil — cryptocurrency is greater than a job. It was a ardour sparked by a good friend, and it advanced into his first full-time crypto job with Lumx in 2021.

1) How did you get into crypto?

I used to be very lucky as a result of the daddy of one among my closest buddies was the one who based the primary crypto agency right here in Brazil in 2016 — BLP Crypto. Earlier than that, he was at all times speaking to me about crypto and blockchain, telling me it was the long run and that I ought to be taught extra about it. So round 2019, I lastly listened to him and began finding out Bitcoin. I began working for Lumx in 2021.

2) Inform us about Lumx and what you do for them.

We’re a blockchain abstraction resolution for large enterprises. We assist anybody who desires to combine blockchain into their enterprise, or firms that wish to deploy initiatives or experiment on blockchain. We do issues like fee options and decentralized id (DID) options.

Massive firms can largely focus solely on their very own functions — not on hiring blockchain engineers or studying about blockchain know-how and infrastructure, which continues to be complicated. So we allow these massive firms to work and take a look at safely. I’m the supervisor of gross sales for Lumx, so I’m the one accountable for constructing and sustaining relationships with blockchains and protocols.

3) Do you spend money on crypto your self? What do you are taking essentially the most curiosity in proper now?

I’m investing quite a bit in layer 2s. (I like Polygon, Arbitrum, and ZK options — resembling ZK-Sync and Linea.) Within the final cycle, we noticed a variety of initiatives begin on Ethereum, and that was unsustainable. We have been paying $50 (or extra) per transaction. There have been days that we had fuel wars, and folks have been paying nearly six Ethereum per transaction.

I nonetheless don’t know if there was only a lack of know-how that you possibly can construct stuff on a layer 2 amongst new initiatives and firms on the time. However folks wished to have publicity to Ethereum, so stuff that ought to have been occurring on layer 2s was occurring on Ethereum.

Liquidity is flowing to layer 2s now, so layer 2s are extra ready for the subsequent wave.

I additionally actually like Bitcoin Ordinals and Ordinal Maxi Biz (OMB). We’re having an explosion of nonfungible tokens (NFTs) being constructed on Bitcoin, the most important blockchain on the earth. With the ability to commerce and categorical tradition — it’s actually superb. That’s why I actually like Ordinals.

I consider that Ordinals will maybe seize essentially the most of this new tradition and means of expressing the whole lot on Bitcoin. Ordinals assist to precise the core values of Bitcoin in a way more pleasant means than Bitcoin, which is simply too technical or harsh for some folks.

4) The place do you see Bitcoin and Ethereum in 10 years?

I believe I see Bitcoin and Ethereum as the primary consensus platforms on the earth. That is curious, as a result of these days it’s uncommon to see Bitcoin as a platform. We already see Ethereum as a platform the place you have got different functions and layers to construct round it. Due to the developments of some protocols — like Taproot Property and Ordinals — I see Bitcoin venturing into a brand new period.

Associated: Bitcoin fragments may develop into extra worthwhile than full Bitcoins

Moreover being a forex to pay for stuff, or a retailer of worth, it is possible for you to to retailer different currencies on it. Bitcoin is shifting from an period the place it’s been an asset to an period the place it will likely be a platform for storing and buying and selling different property.

5) What’s the principal hurdle to mass adoption of blockchain know-how?

Although we’ve got made vital progress, blockchain continues to be composed of complicated infrastructure. It’s sophisticated not only for end-users, but in addition for conventional firms that wish to work with it. I typically joke that you just solely understand how complicated MetaMask is whenever you attempt to educate your father find out how to use it — therefore the significance of the rising abstraction options.

Whereas these options might barely compromise decentralization, they protect a blockchain’s programmability and automation and considerably decrease the barrier to entry. That is essential as a result of now we’ve got a second choice. Individuals can keep 100% decentralized if they like it, however for many who don’t, they’ve the choice of adopting a “semi-decentralized” mannequin, which is the lacking hyperlink to mainstream adoption.

6) What do you do in your free time?

I actually like to review philosophy, particularly stoicism. Everybody who works or lives on this crypto world is uncovered to a variety of volatility, they usually’re used to a variety of dopamine and incentives. I like stuff that you’re not capable of management, so I just like the stoic philosophy. The mantra of stoicism is to domesticate totally different stuff that you’re not capable of management. While you grasp this, you’ll be able to reside in peace on this loopy crypto world. So it’s one among my favourite topics — not just for my private life, but in addition for my skilled life.

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