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6 Questions for Lugui Tillier about Bitcoin, Ordinals, and the way forward for 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 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 buddy, 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 among my closest mates 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 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 corporations that need to deploy initiatives or experiment on blockchain. We do issues like cost options and decentralized id (DID) options.

Huge 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 complicated. So we allow these huge corporations to work and check safely. I’m the supervisor of gross sales for Lumx, so I’m the one answerable 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?

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

I’m investing lots in layer 2s. (I like Polygon, Arbitrum, and ZK options — reminiscent of ZK-Sync and Linea.) Within the final cycle, we noticed numerous 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 folks had been paying virtually six Ethereum per transaction.

I nonetheless don’t know if there was only a lack of awareness that you can construct stuff on a layer 2 amongst new initiatives and firms on the time. However individuals 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 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 largest blockchain on the earth. With 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 means of expressing the whole lot on Bitcoin. Ordinals assist to specific the core values of Bitcoin in a way more pleasant means 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 feel 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’ve gotten 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 turn into extra priceless 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 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 expertise?

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

Though we now have made vital progress, blockchain remains to be composed of complicated infrastructure. It’s difficult not only for end-users, but additionally for conventional corporations that need to work with it. I typically joke that you simply solely understand how complicated MetaMask is if you attempt to train your father the best way 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 now have a second choice. Individuals 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 check 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 in a position to management, so I just like the stoic philosophy. The mantra of stoicism is to domesticate totally different stuff that you’re not in a position to management. If you grasp this, you’ll be able to stay in peace on this loopy crypto world. So it’s one among my favourite topics — not just for my private life, but additionally for my skilled life.


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