RE: [LA blockchain conference 2021]

HackerNoon Reporter: Please state the link of the article you are reviewing:

https://next.brella.io/events/LABS2021/schedule

What is your opinion regarding this piece?

I like to hold a bit of contrarian point of view of the area of blockchain tech and crypto.

There are healthy areas and very unhealthy areas of crypto and blockchain tech.

It seems to me most of the people in the conference are living inside of a bubble and do not get the big picture.

What are some of the varying perspectives on this subject that you’re aware of? [Example: if some people are pro, why are they pro? If some people are against, why are they against?]

The current crypto bull market makes people excited.

In a sense, every fan has prepared a plastic knife and a paper plate and are excited about the big and growing piece of cake they will be getting.

And they may get their piece when there is no one else cutting the cake. Once people start coming to get their piece they may find the cake getting smaller or disappearing…

What are some of the nuances people frequently miss when discussing this subject matter?

In my opinion, the healthy areas in crypto and blockchain tech are related with something tangible - NFTs (digital art,metaverses…), security tokens (equity,fractioning…), etc.

And then the very unhealthy area - bitcoin, meme coins, the whole DeFi area…

What is your favourite quote or paragraph from this article? Why?

In his interview, a US congressman said something like - …that the regulators have to be crypto-friendly so that innovation stays in the US.

Was there a part of the article that you didn’t necessarily think about before, what was it?

The project that I am involved is about decentralization.

One short, 15min presentation gave a very detailed historical perspective of the subject of decentralization, with some things that I was not aware of.

Is there anything else about this you’d like us to know? [Trends, future, concerns, hopes… etc.]

We are looking for mentors and investors for our project. One of my online networking meetings was with a Silicon Valley VC. Mentioning that 2/3rd of their portfolio was in DeFi projects I told him I am very skeptical about DeFi.

Curious about why I told the VC that? Well:

• I am technology developer and can create every day a new DeFi token. I can promise and actually give 10,100, or 1000% interest to holders. I have the total initial supply and can provide supply and simulate (if needed) a demand.

• In the real world financing is used most often for physical things. The ‘financing’ part of DeFi is used only for swapping and trading of other tokens on the same blockchain.

  
  

  With that said, I did find that speaking one’s truth is not going to get one’s project funded…