6 Questions for Lugui Tillier about Bitcoin, Ordinals, and the future of crypto

Lugui Tillier is the sales supervisor for Lumx Studios, one of the top cryptocurrency companies in Rio de Janeiro– a city with a burgeoning crypto industry.

For Tillier– who holds double citizenship in between Belgium and Brazil– cryptocurrency is more than a job. It was a passion stimulated by a pal, and it progressed into his first full-time crypto job with Lumx in 2021.

1) How did you enter into crypto?

I was extremely fortunate since the dad of one of my closest pals was the one who established the very first crypto company here in Brazil in 2016– BLP Crypto. Before that, he was constantly talking to me about crypto and blockchain, telling me it was the future and that I should learn more about it.

2) Tell us about Lumx and what you provide for them.

Huge business can mainly focus just by themselves applications– not on employing blockchain engineers or discovering blockchain innovation and infrastructure, which is still complicated. We allow those huge business to work and test securely. Im the manager of sales for Lumx, so Im the one accountable for structure and keeping relationships with blockchains and protocols.

We are a blockchain abstraction solution for huge enterprises. We help anybody who wishes to integrate blockchain into their business, or business that want to release jobs or experiment on blockchain. We do things like payment services and decentralized identity (DID) options.

3) Do you invest in crypto yourself? What do you take the most interest in right now?

I likewise actually like Bitcoin Ordinals and Ordinal Maxi Biz (OMB). Were having a surge of nonfungible tokens (NFTs) being built on Bitcoin, the most significant blockchain on the planet. Being able to reveal and trade culture– its really amazing. Thats why I actually like Ordinals.

Functions
Game theory fulfills DeFi: Bouncing ideas around tokenomic design

Liquidity is streaming to layer 2s now, so layer twos are more ready for the next wave.

If there was simply an absence of understanding that you could construct things on a layer 2 amongst brand-new projects and business at the time, I still do not know. But individuals desired to have exposure to Ethereum, so things that should have been occurring on layer twos was taking place on Ethereum.

I think that Ordinals will possibly catch one of the most of this new culture and way of expressing everything on Bitcoin. Ordinals help to express the core worths of Bitcoin in a much more friendly way than Bitcoin, which is extreme or too technical for some people.

Features
Are You Independent Yet? Financial Self-Sovereignty and the Decentralized Exchange

Lugui Tillier at the Savvy Brain Academy in Tanzania, a school he started contributing to in 2017 utilizing Bitcoin. Source: Lugui Tillier

Read likewise

Im investing a lot in layer Twos. In the last cycle, we saw a lot of tasks start on Ethereum, and that was unsustainable.

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

I think I see Bitcoin and Ethereum as the primary agreement platforms in the world. Because of the developments of some protocols– like Taproot Assets and Ordinals– I see Bitcoin venturing into a brand-new age.

Related: Bitcoin pieces could end up being better than complete Bitcoins

Being a currency to pay for stuff, or a shop of worth, you will be able to keep other currencies on it. Bitcoin is moving from an era where its been a property to a period where it will be a platform for keeping and trading other possessions.

5) What is the main obstacle to mass adoption of blockchain innovation?

Lugui Tillier (2nd from right) in 2022 speaking at NFC Brasil, among the primary Web3 occasions in Latin America, where he shared his experience of working with traditional business in Web3. Source: Lugui Tillier

Although we have actually made considerable development, blockchain is still made up of complicated facilities. Its made complex not simply for end-users, however likewise for traditional business that wish to work with it. I frequently joke that you only realize how intricate MetaMask is when you attempt to teach your dad how to utilize it– for this reason the value of the emerging abstraction options.

While these solutions might slightly compromise decentralization, they protect a blockchains programmability and automation and considerably lower the barrier to entry. This is vital because now we have a second alternative. People can remain 100% decentralized if they choose it, but for those who do not, they have the choice of adopting a “semi-decentralized” model, which is the missing link to mainstream adoption.

6) What do you carry out in your downtime?

Editorial Staff.
Cointelegraph Magazine authors and press reporters contributed to this post.

Everyone who lives or works in this crypto world is exposed to a lot of volatility, and theyre utilized to a lot of dopamine and rewards. When you master this, you are able to live in peace in this insane crypto world. Its one of my preferred topics– not just for my personal life, however likewise for my professional life.

I was really fortunate since the dad of one of my closest pals was the one who established the very first crypto company here in Brazil in 2016– BLP Crypto. Before that, he was always talking to me about crypto and blockchain, telling me it was the future and that I ought to learn more about it. Were having an explosion of nonfungible tokens (NFTs) being built on Bitcoin, the greatest blockchain in the world. Everyone who lives or works in this crypto world is exposed to a lot of volatility, and theyre utilized to a lot of dopamine and rewards. When you master this, you are able to live in peace in this crazy crypto world.

Subscribe
The most appealing reads in blockchain. Provided once a.
week.

Other Questions People Ask

What inspired Lugui Tillier to enter the world of Bitcoin, Ordinals, and the future of crypto?

Lugui Tillier's journey into cryptocurrency was sparked by a close friend's father, who founded Brazil's first crypto company, BLP Crypto, in 2016. This early exposure to discussions about blockchain technology and its potential as the future of finance ignited his passion. By 2021, this passion led him to a full-time role at Lumx Studios, where he now plays a crucial part in integrating blockchain solutions for large enterprises.

How does Lumx Studios contribute to the development of Bitcoin and Ordinals?

Lumx Studios serves as a blockchain abstraction solution, enabling large enterprises to safely experiment with blockchain technology without needing extensive in-house expertise. They focus on integrating various blockchain applications, including payment services and decentralized identity solutions. This approach not only simplifies the adoption of Bitcoin and Ordinals but also fosters innovation within the crypto space.

What are Lugui Tillier's thoughts on the future of Bitcoin and Ethereum in the next decade?

Lugui Tillier envisions Bitcoin and Ethereum evolving into the primary consensus platforms globally over the next ten years. He believes that innovations like Taproot Assets and Ordinals will usher Bitcoin into a new era, transforming it from merely a store of value into a platform for trading various assets. This shift could redefine how cryptocurrencies are utilized in everyday transactions and investments.

What challenges does Lugui Tillier identify regarding the mass adoption of blockchain technology?

According to Lugui Tillier, one of the main obstacles to mass adoption is the complexity of blockchain infrastructure, which can be daunting for both end-users and traditional businesses. He emphasizes the need for emerging abstraction solutions that can simplify user experiences while maintaining programmability. By offering semi-decentralized models, these solutions could bridge the gap for those hesitant to fully embrace decentralization.

How does Lugui Tillier manage the volatility of the crypto world in his downtime?

Lugui Tillier acknowledges that living in the crypto space involves navigating significant volatility and emotional highs and lows. He emphasizes the importance of mastering one's emotional responses to thrive in this environment. By focusing on personal well-being and maintaining a balanced perspective, he finds peace amidst the chaos of the crypto world, which he considers essential for both personal and professional success.