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 buddy, 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 pals 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 be taught 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 large 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 id (DID) options.

Massive corporations can principally 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 large corporations 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 put money into crypto your self? What do you are taking probably the most curiosity in proper now?

I’m investing loads in layer 2s. (I like Polygon, Arbitrum, and ZK options — similar to ZK-Sync and Linea.) Within the final cycle, we noticed numerous initiatives 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 folks have been paying nearly six Ethereum per transaction.

I nonetheless don’t know if there was only a lack of information that you may construct stuff on a layer 2 amongst new initiatives and corporations on the time. However individuals 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 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 largest blockchain on the earth. 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 probably the most of this new tradition and means of expressing every little thing 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 individuals.

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

I feel I see Bitcoin and Ethereum as the principle 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 may 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 forex to pay for stuff, or a retailer of worth, it is possible for you to to retailer different currencies on it. Bitcoin is transferring 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 major hurdle to mass adoption of blockchain know-how?

Despite the fact that now we 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 notice how complicated MetaMask is while you attempt to train your father 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 now we have a second choice. Folks can keep 100% decentralized if they like it, however for individuals 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 numerous volatility, and so they’re used to numerous 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. While 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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