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

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 pal, 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 certainly one of my closest pals 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 longer term 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 answer for giant enterprises. We assist anybody who needs to combine blockchain into their enterprise, or corporations that wish to deploy initiatives or experiment on blockchain. We do issues like fee options and decentralized identification (DID) options.

Massive corporations can principally focus solely on their very own functions — not on hiring blockchain engineers or studying about blockchain expertise and infrastructure, which remains to be advanced. So we allow these massive corporations to work and check 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 put money into crypto your self? What do you are taking probably the most curiosity in proper now?

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

Lugui Tillier
Lugui Tillier on the Savvy Mind Academy in Tanzania, a faculty he started donating to in 2017 utilizing Bitcoin.

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 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 following wave.

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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 this planet. Having the ability to commerce and specific tradition — it’s actually superb. That’s why I actually like Ordinals.

I consider that Ordinals will maybe seize probably the most of this new tradition and means of expressing every thing on Bitcoin. Ordinals assist to specific the core values of Bitcoin in a way more pleasant means than Bitcoin, which is simply 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 principle consensus platforms on this 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 functions 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 expertise?

Lugui TillierLugui Tillier
Lugui Tillier (second from proper) in 2022 talking at NFC Brasil, one of many predominant Web3 occasions in Latin America, the place he shared his expertise of working with conventional corporations in Web3. Supply: Lugui Tillier

Though we have now made vital progress, blockchain remains to be composed of advanced infrastructure. It’s difficult not only for end-users, but additionally for conventional corporations that wish to work with it. I usually joke that you simply solely notice how advanced MetaMask is whenever you attempt to educate your father how you can 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 have now a second possibility. 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 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 capable of management, so I just like the stoic philosophy. The mantra of stoicism is to domesticate completely different stuff that you’re not capable of management. Once you grasp this, you’ll be able to dwell in peace on this loopy crypto world. So it’s certainly one of my favourite topics — not just for my private life, but additionally for my skilled life.

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Cointelegraph Journal writers and reporters contributed to this text.

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