6 Questions for Lynn Liss of Akoin – Cointelegraph Magazine

We ask the buidlers within the blockchain and cryptocurrency sector for his or her ideas on the trade… and throw in just a few random zingers to maintain them on their toes!


This week, our 6 Questions go to Lynn Liss, the chief working officer and co-founder of Akoin, a cryptocurrency and blockchain ecosystem designed to empower entrepreneurship and gas rising entrepreneurs in Africa.


Lynn Liss serves as chief working officer of blockchain firm and cryptocurrency Akoin, co-founded with world chief Akon. She is an operations government and social influence chief driving monetary revolutions, constructing empowering expertise and enterprise fashions, and forging technique, partnerships and groups for large social change. Steering Akoin’s mission to empower entrepreneurship and monetary inclusion throughout Africa, she brings greater than 10 years within the social influence and startup sector to the desk in addition to one other 10 years as a administration guide advising, executing and working modern enterprise and monetary fashions for world change with C-level executives at high world corporations. Lynn was a primary mover within the “blockchain for good” area, offering government recommendation to blockchain corporations and new cryptocurrencies and blockchains with a social influence.


1 — What sort of consolidation do you anticipate to see within the crypto trade in 2022?

Nicely, we’re actually within the protocol wars proper now between L1s, L2s, and each stroll of life in between and across the protocol area. Whereas the thought of interoperability permits many protocols to exist concurrently, the area gained’t require the present quantity that’s being envisioned or is coming to life. That mentioned, having these numerous fashions to each technically and financially assess and decide the place and the way you need to expertise them, coupled with the pure “competitors makes you stronger” mentality, causes the platforms to sharpen their strategy and platform by the minute. It’s past thrilling to observe such a race! 

All of us profit from the plethora of sturdy protocol choices simply getting higher and higher, together with the strategy for interoperability concurrently getting stronger from an trade perspective and the way we undertake these instruments into our toolset. So, consolidation, sure, however present collectively and cross-chain — additionally sure. 

I’m very inspired by the sheer variety of tasks being launched proper now. In my view, we’re witnessing a “renaissance” within the blockchain area the place there are not any incorrect solutions. This is not going to final indefinitely, as is all the time the case, rising use circumstances will render others out of date, completely different mechanics will likely be well-received, whereas others gained’t be. This may in flip result in the subsequent gen of blockchain functions launching with a lot increased constancy from a UX perspective in addition to sturdy company constructions and operational procedures. This transition from “experiment” to “use case” as an overarching trade ethos goes to be fascinating to observe within the coming months and years.

2 — What’s going to occur to Bitcoin and Ethereum over the subsequent 10 years?

Talking of “walks,” I simply took one with a buddy within the neighborhood who is comparatively new to the blockchain and cryptocurrency area, and located myself suggesting {that a} “toe within the water” could be to put money into just a few of the most important currencies and protocols as a place to begin through wallets equivalent to Coinbase. Given Bitcoin and Ether are essentially the most commonplace stepping stone for the lots (there are one or two others I added to that listing, and Bitcoin is simply too unstable for my liking), these OG gamers clearly aren’t going wherever, and given the dimensions of the the communities that help them, they’ll proceed to drive trade innovation together with the brand new L1s and L2s described above. As others stand up, we’ll see stronger competitors and extra interoperability with these majors. That is additionally the place most corporations first begin to think about receiving cryptocurrency for fundamental funds, which leaves little doubt in making these currencies even stronger and never go wherever anytime quickly.

What’s extra fascinating to me is which of the up-and-coming L1’s and L2’s associated currencies will rise to the highest and start getting adopted by the lesser crypto-savvy gamers. My forecast is that in relation to particular trade lanes (i.e., market sectors equivalent to lending all the way in which to geographics, like what we’re doing with Akoin in Africa), many altcoins will stand up into the highest 20 and turn out to be extra commonplace and utilized for on a regular basis actions. That is the place the place you’ll discover customers who actually care a few particular market or area, that need extra worth and utility then the present choices present, and are looking for options customized to their wants. These customers will turn out to be increasingly snug holding these property, not from an funding perspective, however from a real utility and day by day utilization perspective, which is the holy grail. 

Doubling again to the unique query, the truth is that these major protocols aren’t going wherever, notably so far as Bitcoin is anxious, because it represents the “gold” equal to a retailer of worth on the blockchain. Ethereum, then again, is way extra analogous to an working system than the rest. The advantage of Ethereum is the fixed consideration to upgrades and value. Whereas it’s at present price-prohibitive on account of a bunch of causes — not the least of which being exorbitant fuel charges — the emergence of L2 options allow Ethereum to basically cannibalize the helpful mechanics it comes throughout whereas discarding the much less helpful. Consequently, I see Ethereum remaining because the dominant L1 for years to come back, with Bitcoin retaining its standing as the first retailer of worth on the blockchain.

3 — Whenever you inform folks you’re within the blockchain trade, how do they react?

I’m joyful to report that, usually, individuals are much less stunned and perplexed about what the heck which means than two years in the past, when the ICO craze was taking the world by storm. Whereas nonetheless very nascent, blockchain applied sciences and cryptocurrencies have discovered their manner into conventional banking, authorities businesses and fortune 500s, all the way in which to folks holding just a few of the most important cryptocurrencies. There appears to be a better consolation degree with making fundamental funds in crypto, there may be much less perplexion and extra curiosity lately. That curiosity coupled with folks and main corporations prepared to dip their toes within the blockchain waters is the place main crypto adoption will happen, and we’re thrilled to have the ability to determine it out collectively. That is what will get me most excited — to be at that tipping level between an “rising expertise paradigm” and widespread adoption into trade customary.  With that, myself and others, who’ve been within the area for a very long time and need to see this trade develop, enthusiastically take the time to stroll and speak the newbies by it.  In doing so, you sharpen the story and the pathway, and forge how everybody will discover their manner into this area a way or the opposite.  This all retains us excited, and on our toes too!

4 — Listing your favourite sports activities groups, and select the only most memorable second from watching them. For those who aren’t a sports activities fan, select just a few motion pictures and a second!

Ask my husband — I needed to ask him who was enjoying on the Tremendous Bowl, and we stay in Los Angeles. On the subject of motion pictures, anybody who is aware of me nicely is aware of that Eminem’s “Lose Your self” from the film 8 Mile will likely be enjoying at my funeral, (until we exist in one other interdimensional airplane by then, however that’s for an additional query). That second on stage and the lyrics sum all of it up.

5 — The place do you stand on alien intelligence and the existence of life elsewhere within the universe?

I’ve little doubt on the “existence of life elsewhere within the universe” entrance, so a convincing “Sure.” For a deep dive on all issues “alien intelligence” and whether or not we’ve been visited by such forces right here on Earth, you’d should ask my husband, Ira Liss, who’s a semi-expert on the matter. I stay overtly curious, as with all issues.

6 — Apart from the current day, in what time and through which nation would you prefer to have lived?

I needed to actually take into consideration this one, from the glamor and sensational music of the Twenties into the 30s coming from the jazz renaissance occurring in Paris, to New York within the 40s and 50s with its eclectic literary circles and swanky gatherings. That mentioned, I wouldn’t select to exist wherever else however my current place and time. One in all my favourite sayings is: “Yesterday is historical past. Tomorrow is a thriller, however in the present day is a present! That’s the reason it’s known as the current.” Many great folks have been credited with creating this quote, from Eleanor Roosevelt to Bil Keane and extra. This resonates for me every day, as profiting from every day and the magical power that surrounds you is really a present.

A want for the younger, bold blockchain neighborhood?

Continued curiosity, experimentation and innovation. 

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