6 questions for Lyn Alden Schwartzer from Lyn Alden Investment Strategy – Cointelegraph Magazine

We’re asking builders in the blockchain and cryptocurrency industry what they think of the industry … and we’re running some random zingers to keep them on their toes!


This week, our 6 questions are for Lyn Alden Schwartzer, founder of Lyn Alden Investment Strategy, which provides an investment research service to 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 aircraft simulation facility. Over the course of a decade, Lyn Alden rose through the ranks to become the chief installation engineer, overseeing its project teams, contract staff and technical finances.

At the same time, Lyn Alden also had a small investment research firm that she appreciated. Although she loved engineering and management, when her research business became very important, she began to eclipse her previous work and left to pursue her full-time research activity. Lyn Alden covers macroeconomic trends, and since 2020, she has been doing a lot of research on Bitcoin, in particular.


1 – What is the most innovative use case for blockchain you’ve ever seen? It may not be the one with the best chance of success!

Money.

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

Everyone is looking for “the next thing” that blockchains will be applied to, but I think people underestimate the size of this total addressable market since the first real application of blockchains: a peer-to-peer electronic payment system. .

The whole world has a store of value problem. Interest rates in all developed countries are lower than the rate of inflation. For lack of money, we have monetized everything else, like stocks, houses, luxury goods and the like. In other words, we store a monetary premium in otherwise non-monetary assets beyond their value in use, because we want to hold something other than cash. This is a problem resulting in tens of billions, if not over one hundred trillion dollars in monetary premiums stored in non-monetary assets.

And then beyond that, a significant part of the world has a payment problem. International payments are expensive and inefficient – they are subject to capital controls, they don’t have good access to cheap micro-payments, they can be sanctioned, they can be monitored, they can be confiscated and so on. . The ability to send censorship-resistant payments is huge, and it’s something a lot of people in developed markets don’t think about too often, but it’s a huge deal for Emerging Markets specifically.

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

This is a difficult question because I love dozens of them. There are a lot of resources that I like on different platforms (eg podcasts, interviews, books, articles, etc.), but specifically for Twitter I guess I have to use @PrestonPysh, @Gladstein , @ Adam3us, @Skwp and @ Éclair.

I also like to follow people I disagree with, or large crypto news feeds, so that my feed is always filled with multiple perspectives.

3 – If the world gets a new currency, will it be ruled by CBDCs, an unauthorized blockchain like Bitcoin or an authorized chain like Diem?

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

Some countries like China strongly pursues the CBDC route, which gives them more oversight and control over their economy and their people. They will have a greater ability to monitor transactions, block transactions, automatically debit people’s accounts based on infractions or their social credit rating, and schedule money so that it cannot be used. only 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 haven’t done as many years of CBDC research as China and aren’t able to transition to a new monetary system as quickly. I think what we’ll likely see in the US is an increasing use of regulated and licensed stablecoins including entities like USD Coin, Diem and others. This can be seen as a public / private partnership in some ways, as these technologies are increasingly integrated into the banking system.

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

I compared it to Game Of Thrones. All political leaders and their kingdoms fight for power and status, as an exponentially growing army of white marchers build themselves beyond the walls, with little respect for the plans and schemes of human politicians. Politicians have plans for their currencies, but for many people Bitcoin is a better form of savings and in some circumstances a better form of payment as well – and these perks could very well interfere with politicians’ plans.

4 – What talent are you lacking but would like to have? How would you use it if you had it?

I lack talent in music. There are some things 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 big weakness for me. Every time I tried to learn instruments it was a slow process and never really clicked for me. When I was a kid, I dreamed of playing in a rock band, but I didn’t really know how to do it. Other dreams were the ones I had tangible ways to accomplish.

My husband can hear a song, then reverse engineer it in his head and play it on the piano. We didn’t teach him how to do that, it comes naturally to him as a talent. I don’t even know where to start – it’s like hieroglyphics to me.

5 – What do your parents / other important people / friends / children blame you for?

That I am a workaholic.

I’m not as sociable as I should be and tend to focus on work over relationships. I tend to be self-centered in my job and not show enough appreciation for the wonderful accomplishments, interests, and activities of loved ones in my life. It’s something that I consciously try to improve, and I think I’ve improved over time, but it’s a challenge for me.

A lot of people have a hard time getting started on a project or thinking of things to do. They have ideas, but they lack initiative or execution. I have the reverse problem where there’s a ton of things I want to do and then I start them and work on finishing them – which on the surface is a good thing, but it comes at a cost. I usually feel nervous if I’m not pursuing a goal and I’m not good at just “being.”

There is a healthy balance, and I haven’t quite reached it yet.

6 – What future for social networks?

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

The pendulums tend to swing too far in one direction, and then eventually be pushed back strongly in the other. On the one hand, giving everyone a platform opened up a period of incredible innovation and connectivity and weakened the Guardians. On the other hand, algorithms and choice information sources tend to lure people into echo chambers and contribute to the polarization of society.

Much of the mega-business boom over the past decade has been the result of leveraging user data and making users the product rather than the customer. Google and Facebook have done this extensively 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 in-house products based on that data.

It looks to me like people are going to wake up and want their data back. There will hopefully be better browsers, better search capabilities, and better networks, where people become more actively aware of what data is being pulled from them and begin to retrieve it.

A wish for the blockchain community:

I wish the blockchain community would extend their time preference and focus more on what can be built in 12 years and less than what can be developed in 12 months. There is a tremendous opportunity here to focus on creating solutions that make the world both more connected and more private, giving people more control over their money and data. The more successful this is, the more it will reduce the limits that people cannot control, while also allowing them to set the limits that they want.


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