Tuesday, August 16

6 Questions for Lyn Alden Schwartzer of Lyn Alden Investment Strategy – Cointelegraph Magazine

We asked builders in the blockchain and crypto sector for their opinions on the industry … and added some random comments to keep them on their toes!

This week, Our 6 questions go to Lyn Alden Schwartzer, founder of Lyn Alden Investment Strategy, which offers an investment research service for retail and institutional investors.

Lyn Alden began her career in engineering. After working in the automation industry as an intern, she graduated from college and started as a junior electronics engineer for an aviation simulation facility. Over the course of a decade, Lyn Alden worked her way up to becoming the facility’s chief engineer, overseeing its project teams, contract personnel, and technical finances.

Additionally, Lyn Alden also had a small investment research business that she liked. Although he loved engineering and management, when his research business grew a lot, he began to overshadow his previous job and left to pursue his research business full time. Lyn Alden covers macroeconomic trends and, since 2020, has done a lot of research on Bitcoin, in particular.

1 – What’s the most innovative blockchain use case you’ve ever seen? It may not be the one most likely to be successful!


The unmistakably innovative use case for blockchain is solving the double spending problem, allowing people to transact and store value without a centralized third party.

Everyone is looking for “the next thing” that blockchains will apply to, but I think people underestimate how big that total addressable market is since the first real application of blockchains: an electronic cash system. peer-to-peer.

The whole world has a value accumulation problem. Interest rates in all developed countries are below the rate of inflation. For lack of good money, we have monetized everything else, like stocks, houses, luxuries and other things. In other words, we store a monetary premium in otherwise non-monetary assets above and beyond their utility value, since we want to have anything other than cash. This is a problem that leads to tens of trillions, or even more than a hundred trillion dollars in monetary premiums stored in non-monetary assets.

And beyond that, a significant part of the world has a payment problem. International payments are costly and inefficient: they face capital controls, they do not have good access to cheap micropayments, they can be sanctioned, they can be monitored, confiscated, etc. The ability to send censorship-resistant payments is huge, and it’s something that many people in developed markets don’t think about too often, but they are a big problem for. emerging markets in particular.

2 – What are the top five Crypto Twitter feeds you can’t do without and why?

That’s a tough question because I like dozens of them. There are many resources that I like from different platforms (e.g. podcasts, interviews, books, articles, etc.), but specifically for Twitter, I guess I have to go with @PrestonPysh, @Gladstein, @ Adam3us, @Skwp and @ Lightning .

I also like to follow people I disagree with, or broad crypto news feeds, so that my feed is always filled with multiple points of view.

3 – If the world is getting a new currency, will it be led by CBDC, a permissionless blockchain like Bitcoin or a permissioned chain like Diem?

I think for a while we are going to have all of the above.

Some countries like China is strongly pursuing the CBDC route, which gives them more vigilance and control over their economy and population. They will have a greater ability to monitor transactions, block transactions, automatically debit people’s accounts based on violations or their social credit score, and schedule money so that it can only be used in certain places or at certain times. It will also give them the ability to bypass the SWIFT system, to give them more control over their international trade with some of their trading partners.

Most other central banks have not done as many years of research on CBDCs as China and cannot move as quickly towards a new monetary system. I think what we are likely to see in the United States is an increasing use of licensed and regulated stablecoins, including entities like USD Coin, Diem, and others. This can be considered a public / private partnership in some way as these technologies become more integrated into the banking system.

Meanwhile, Bitcoin has been operating for almost 13 years with increasing adoption and it is the digital asset that can be considered decentralized enough, with battle scars to prove it. My expectation is that it will continue to grow over time and become an increasingly attractive form of global guarantee and global money. I think the world will hold various currencies in various ways, but I expect Bitcoin to increase its market share quite a bit from its current small levels. I certainly wouldn’t bet against it, and unlike CBDCs and stablecoins that degrade in value over time, Bitcoin represents a way for everyone to have inflation-resistant, confiscation-resistant savings that they can safeguard if they do. wish.

I have compared this to game of Thrones. All political leaders and their kingdoms fight for power and status, as an exponentially growing army of White Walkers builds beyond the walls, with little regard for the plans and schemes of human politicians. Politicians have plans for their currencies, but for many people, Bitcoin represents a better form of savings and, in some circumstances, also a better form of payment, and these advantages could very well interfere with politicians’ plans.

4 – What talent do you lack but wish you had? How would you use it if you had it?

I lack talent in music. There are some things that I learned, I had a gift for them, like math and science. I’m also decent in some creative areas like writing and storytelling. But music is a great weakness for me. Whenever I tried to learn to play instruments, it was a slow process and it never clicked. When I was a kid, I had a dream of playing in a rock band, but I didn’t know anything about how to do it. Other dreams were those that he had tangible ways of achieving.

My husband can listen to a song and then reverse engineer his head and play it on the piano. They didn’t teach him to do that, it just comes naturally to him as a talent. I don’t even know where to start with that, it’s like hieroglyphs to me.

5 – Why do your parents / partner / friends / children scold you?

That I am a workaholic.

I’m not as outgoing as I should be and I tend to prioritize work over relationships. I tend to get lost in my work and not show enough appreciation for the wonderful accomplishments, interests, and activities of my loved ones in my life. It is something that I consciously try to improve, and I think I have improved over time, but it is a challenge for me.

Many people have trouble starting a project or thinking about what to do. They have ideas, but they lack initiative or execution. I have the opposite problem where there are a lot of things I want to do, and then I start them and work to complete them, which is a good thing on the surface, but it comes at a cost. Usually I feel nervous if I’m not pursuing a goal and I’m not good at just “being”.

There is a healthy balance and I have not yet achieved it.

6 – What is the future of social networks?

My hope is that it becomes more decentralized over time. When social networks buy other social networks to become network networks, I don’t think that is healthy for society.

Pendulums tend to swing too much in one direction and then eventually are pushed back hard in the other. On the one hand, giving everyone a platform has spawned a period of incredible innovation and connectivity and weakened the gatekeepers. On the other hand, algorithms and “pick your own news” news sources tend to attract people to echo chambers and contribute to the polarization of society.

A large part of the rise in megacorporations over the past decade is the result of profiting from user data and making users the product rather than the customer. Google and Facebook did this abundantly by offering free software in exchange for collecting a lot of information from them. Amazon also collects a ton of data from retail companies on its platform and then develops its own internal products based on that data.

It seems to me that people will wake up and want their data back. Hopefully there will be better browsers, better search functionality, and better networks, where people become more aware of the data that is being taken from them and begin to retrieve it.

A wish for the blockchain community:

I wish the blockchain community lengthens their time preference and focuses more on what can be built in 12 years and less on what can be promoted in 12 months. Here is a great opportunity to focus on creating solutions that make the world more connected and at the same time more private, by giving people more control over their money and data. The more successful this is, the more it will lower limits that people cannot control, while allowing them to set the limits they want.


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