6 questions for Lyn Alden Schwartzer of Lyn Alden Investment Strategy – Cointelegraph Magazine
We asked the builders in the field of blockchain and cryptocurrency what they think about the industry… We randomly added some zingers to keep them alert!
this week, Our six questions are handed over to Lyn Alden Schwartzer, the founder of Lyn Alden Investment Strategy, a company that provides investment research services for retail and institutional investors.
Lyn Alden’s career began in the engineering field. After an internship in the automation industry, she graduated from university and began to work as a junior electronic engineer in an aviation simulation facility. Over the past ten years, Lyn Alden has gradually become the chief engineer of the facility, overseeing its project team, contract staff, and technical finance.
On the other hand, Lyn Alden also has a small investment research business that she likes. Although she likes engineering and management, when her research business became very large, which began to eclipse her previous job, she left to work full-time in the research business. Lyn Alden covers macroeconomic trends, and since 2020, she has done a lot of research on Bitcoin in particular.
1 — What is the most innovative blockchain use case you have ever seen? It may not be the most likely to succeed!
The obvious innovative use cases for blockchain are Solve the double-spending problem, Which allows people to trade and store value without a centralized third party.
Everyone is looking for the “next thing” where blockchain will be applied, but I think people underestimate the first real application of blockchain: how big the total addressable market is for peer-to-peer electronic cash systems.
The whole world has a problem of store of value. Interest rates in all developed countries are lower than the inflation rate. Due to the lack of good money, we monetized everything else, such as stocks, houses, luxury goods, and other things. In other words, we store monetary premiums in other non-monetary assets that exceed their utility value because we want to hold anything other than cash. This is a problem that causes tens of trillions, or even more than one hundred billion dollars, of currency premiums to be stored in non-monetary assets.
In addition, payment problems exist in a large part of the world. International payments are costly and inefficient-they face capital controls, cannot obtain cheap micropayments, they may be sanctioned, they may be monitored, they may be confiscated, and so on.The ability to send censorship-resistant payments is huge. This is something that many people in developed markets don’t often consider, but they are Emerging Markets especially.
2 — What are the top five cryptocurrency Twitter feeds you can’t live without, and why?
This is a tricky question, because I like dozens of them. I like a lot of resources from different platforms (for example, podcasts, interviews, books, articles, etc.), but especially for Twitter, I think I have to use @PrestonPysh, @Gladstein, @Adam3us, @Skwp, and @Lightning.
I also like to follow people I disagree with, or a wide range of encrypted news feeds, so that my feeds are always full of multiple opinions.
3 — If the world is acquiring a new currency, will it be led by CBDC, a permissionless blockchain like Bitcoin, or a permissioned chain like Diem?
I think in a period of time, we will have all of the above.
Some countries like China is pursuing vigorously CBDC route, which allows them to monitor and control the economy and population more. They will have greater capabilities to monitor transactions, block transactions, automatically deduct money from people’s accounts based on violations or their social credit scores, and program funds so that they can only be used at specific locations or at specific times. It will also enable them to bypass the SWIFT system, allowing them to better control international trade with certain trading partners.
Most other central banks have not conducted years of research on CBDC like China, nor have they been able to quickly enter a new monetary system. I think we may see more and more regulated and licensed stablecoins in the United States, including entities such as USD Coin and Diem. As these technologies become more integrated into the banking system, this can be considered a public/private partnership in some ways.
At the same time, Bitcoin has been in operation for nearly 13 years, and the adoption rate is getting higher and higher. It is a digital asset that can be considered sufficiently decentralized, as evidenced by the scars of the war. My expectation is that it will continue to grow over time and become an increasingly attractive global collateral and global currency. I think the world will maintain various currencies in various ways, but I expect Bitcoin’s market share will grow from the current small level quite a bit. I certainly won’t oppose it, and unlike CBDC and stablecoins that decline in value over time, Bitcoin represents a way for everyone to have anti-inflation and anti-confiscation savings, if they want, they can Keep these savings.
I compare this to game of ThronesAll political leaders and their kingdoms are fighting for power and status, while the white walkers’ armies are built outside the walls, with little respect for the plans and plans of human politicians. Politicians have plans for their currency, but for many people, Bitcoin represents a better way to save, and in some cases, a better way of payment-these advantages are likely to interfere with politicians plan.
4 — What talents do you lack but hope to have? If you own it, how would you use it?
I lack musical talent. I learned a few things-I have a knack for them, such as mathematics and science. I am also very good in some creative fields, such as writing and storytelling. But music is a big weakness for me. Whenever I try to learn a musical instrument, it is a slow process and it has never really clicked for me. When I was a kid, I had a dream of playing in a rock band, but I didn’t know how to do it. I have practical ways to achieve other dreams.
My husband can hear a song, then reverse engineer it in his mind and play it on the piano. He was not taught to do this, it was a gift for him. I don’t even know where to start-it’s like hieroglyphs to me.
5 — Why did your parents/important other people/friends/children reject you?
I am a workaholic.
I am not as social as I should be, and I tend to prioritize work rather than relationships. I tend to indulge myself in my work, and I don’t show enough appreciation for the wonderful achievements, interests and activities of the people I love in life. This is something I consciously try to improve. I do think that I have become better over time, but it is a challenge for me.
Many people have trouble starting a project or thinking about things to do. They have ideas, but lack initiative or execution. I have the opposite problem, I have a lot of things I want to do, and then I actually start and try to finish them-on the surface this is a good thing, but it comes at a price. If I do not pursue goals and are not good at “existence”, I usually feel nervous.
There is a healthy balance that I have not fully achieved.
6 — What is the future of social media?
I hope it becomes more decentralized over time. When social networks buy other social networks to become networks of networks, I think it is unhealthy for society.
Pendulums tend to swing too far in one direction, and then eventually be pushed back hard in the other direction. On the one hand, giving everyone a platform has created an incredible period of innovation and connectivity, and weakened the gatekeeper. On the other hand, algorithms and picking their own news sources tend to draw people into the echo chamber and lead to social polarization.
The rise of large enterprises in the past decade is largely the result of benefiting from user data and making users a product rather than a customer. Google and Facebook have done this in large quantities by providing free software in exchange for collecting large amounts of information from them. Amazon also collects large amounts of data from retail companies on its platform, and then develops its own internal products based on this data.
In my opinion, people will wake up and want to get their data back. Hope that there will be better browsers, better search functions and better networks, and people will be more actively aware of the data obtained from them and begin to take back.
One wish for the blockchain community:
I hope that the blockchain community can extend its time preference and focus more on content that can be built in 12 years instead of content that can be hyped in 12 months. There is a huge opportunity here to focus on building solutions that will make the world more interconnected and more private at the same time by giving individuals greater control over their money and data. The more successful this is, the more it reduces the boundaries people cannot control, while also allowing them to establish the boundaries they want.