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 companies in Rio de Janeiro — a metropolis with a burgeoning crypto business.

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 developed 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 in every of my closest associates was the one who based the primary crypto agency right here in Brazil in 2016 — BLP Crypto. Earlier than that, he was all the time speaking to me about crypto and blockchain, telling me it was the longer term and that I ought to study 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 corporations that need to deploy tasks or experiment on blockchain. We do issues like fee options and decentralized identification (DID) options.

Large corporations can principally focus solely on their very own purposes — not on hiring blockchain engineers or studying about blockchain know-how and infrastructure, which remains to be advanced. So we allow these massive corporations to work and take a look at safely. I’m the supervisor of gross sales for Lumx, so I’m the one liable for constructing and sustaining relationships with blockchains and protocols.

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

I’m investing so much in layer 2s. (I like Polygon, Arbitrum, and ZK options — equivalent to ZK-Sync and Linea.) Within the final cycle, we noticed a variety of tasks 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 other people have been paying virtually six Ethereum per transaction.

I nonetheless don’t know if there was only a lack of know-how that you could possibly construct stuff on a layer 2 amongst new tasks and corporations on the time. However individuals needed to have publicity to Ethereum, so stuff that ought to have been taking place on layer 2s was taking place 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. Having the ability to commerce and specific tradition — it’s actually wonderful. That’s why I actually like Ordinals.

I imagine that Ordinals will maybe seize probably the most of this new tradition and method of expressing the whole lot on Bitcoin. Ordinals assist to precise the core values of Bitcoin in a way more pleasant method than Bitcoin, which is just too technical or harsh for some individuals.

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 could have different purposes and layers to construct round it. Due to the developments of some protocols — like Taproot Belongings and Ordinals — I see Bitcoin venturing into a brand new period.

Associated: Bitcoin fragments could become more valuable than full Bitcoins

In addition to being a foreign money 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 belongings.

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

Though we’ve got made vital progress, blockchain remains to be composed of advanced infrastructure. It’s sophisticated not only for end-users, but in addition for conventional corporations that need to work with it. I typically joke that you simply solely notice how advanced MetaMask is whenever you attempt to educate your father learn 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. Folks 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 check philosophy, particularly stoicism. Everybody who works or lives on this crypto world is uncovered to a variety of volatility, and so they’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. Once you grasp this, you’ll be able to reside in peace on this loopy crypto world. So it’s one in every of my favourite topics — not just for my private life, but in addition for my skilled life.

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