On section 22 of COINGEEK Weekly livestreamEntrepreneur and blockchain enthusiast Vinny Lingham Joined Kurt Wuckert Jr. To discuss his digital currency fund, the tool (or lack of it) in the industry and his new Carnivore Diet documentary.
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Vinny Lingham on her hedge fund and what it does
Lingham starts by telling the viewers about his new Carnivore Diet documentary ‘Animal’, which will be released on June 20. He follows this diet and tries to reveal the lie in the heart of the mainstream business council. He encourages everyone to watch out for it and asks us to rate it on Apple TV and elsewhere.
In the industry, Lingham has a hedge fund called Praxos. They do not take market risk but think about the digital currency as a casino And by themselves as the house. They make “dull 30-40% return” annually and have 1.5 years wins behind them.
Lingham rightly states that people always want to borrow so that they can go short or long in the markets. They stick with BTC, ETH and SoL shop because there is plenty of liquidity, and they make money on interest rate bit between exchanges. The idea is to “remove the cream from the top,” says Lingham.
Civic, Utility and the limitations of BTC and Ethereum
Wuckert confirms that he believes in benefit: The technology should be used to solve problems. He says Civic, one of Lingham’s Ventures, was a rare example of a tool that came out of The first coin range (ICO) Boom. He confirms that it is still running, millions of identity cards have been issued and it still solves customer problems today.
When build products with benefitLingham and his team tried to build on BTC, but realized that it was impossible because of the fees. They then went to Ethereum, and things were even worse: the average price for aboard a customer was about $ 500 at one point. Eventually they realized Ethereum’s limitations and moved to Solana. Nowadays they are multi -chain and will use what works.
The dangerous debt load in the heart of ‘Crypto’
Speaking of usability and regrets the industry’s lack of it, Lingham discusses Riskable strategy used by Michael Saylor with several. This is another bubble, and it will eventually crack. He gives it three years before it ends badly.
Wuckert points out that the strategy (formerly micro strategy) has now copycats all over the world. Lingham comments that it is a decent short -term model for otherwise Failed companies; It works until it doesn’t. Eventually, Saylor and others like him will run out of cash they can extract but will still have to sell more to cover debt, and this is where the big crash will happen.
Lingham says that the whole space has become toxic, and for many people who have no business commitment, boat loads of money earn. He is still focused on Create value. He thinks Solana is the right chain to build on right now.
Solana’s scalability and why BSV fees are too cheap
Wuckert picks up his praise of Solana and asks Lingham about DirectorsAs always seems to happen when they meet new scaling records, worry him. He moves it up and notes how Internet Have a standstill, but we continue. He believes that Solana will eventually reverse Ethereum when it comes to its market value, and he is convinced that it is a powerful chain with speed behind him.
Concerning BSVHe notes that it may scale to one million transactions per second (TPS), but he thinks the fees are too low for makes it worth it for miners. Yes, fees of 1/10,000 of a penny is good for Internet of Things (IoT) Industry in the future. But right now it is also important, and many more miners would be interested if the fee revenue was 10 times or 100 times higher.
Wuckert agrees that the fees just need to be so low in some cases and that extra revenue would be good for everyone. Like Lingham, he deals with tools, but BSV also needs adoptionCustomers and a larger society to succeed.
“The best technology doesn’t always win,” Lingham warns.
Lingham signs says that those who are interested in hearing more from him can find him at X and remind us to check out his upcoming documentary “Animal” on June 20.
To hear more about Agent Provocateurs in BSV, the upcoming BSV starter light in Boulder, Colorado and more questions answered by Wuckert, check out Livestream section here.
Look at | Building the future with blockchain: Insights with TY Everett
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