6 Questions for Lugui Tillier about Bitcoin and the way forward for crypto

Lugui Tillier is the gross sales supervisor for Lumx Studios, one of many high cryptocurrency corporations 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 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 in all 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 at all times speaking to me about crypto and blockchain, telling me it was the long run and that I ought to study extra about it. So round 2019, I lastly listened to him and began learning 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 giant enterprises. We assist anybody who needs to combine blockchain into their enterprise, or corporations that wish to deploy tasks or experiment on blockchain. We do issues like cost options and decentralized id (DID) options.

Massive corporations can largely focus solely on their very own purposes — not on hiring blockchain engineers or studying about blockchain know-how and infrastructure, which continues to be complicated. 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 essentially 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 number 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 gasoline wars, and other people have been paying virtually six Ethereum per transaction.

I nonetheless don’t know if there was only a lack of expertise that you may construct stuff on a layer 2 amongst new tasks and firms on the time. However folks needed 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 following 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 planet. With the ability to commerce and categorical tradition — it’s actually wonderful. 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 all the things on Bitcoin. Ordinals assist to precise the core values of Bitcoin in a way more pleasant means than Bitcoin, which is just 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 principle consensus platforms on the planet. 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 will have different purposes 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

Apart from 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 will probably be a platform for storing and buying and selling different belongings.

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

Although we now have made vital progress, blockchain continues to be composed of complicated infrastructure. It’s difficult not only for end-users, but in addition for conventional corporations that wish to work with it. I usually joke that you just solely understand how complicated MetaMask is if you attempt to educate your father the best way to use it — therefore the significance of the rising abstraction options.

Whereas these options could 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 now have a second possibility. 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 number of volatility, they usually’re used to a number of dopamine and incentives. I like stuff that you’re not in a position to management, so I just like the stoic philosophy. The mantra of stoicism is to domesticate completely different stuff that you’re not in a position to management. Whenever you grasp this, you’ll be able to stay in peace on this loopy crypto world. So it’s one in all my favourite topics — not just for my private life, but in addition for my skilled life.

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