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Konstantin Lomashuk: '#bitcoin is like a #memecoin' - cyber·Fund
Oct 7, 2024
Konstantin Lomashuk, co-founder of cyber•Fund and Lido DAO, dives deep into the evolution of the cybernetic economy and his entrepreneurial journey. He reflects on early investments in cryptocurrencies like Ethereum and the foundational moments of the Cosmos Network. Konstantin emphasizes the challenges of scaling businesses and the significance of decentralized governance. He also contrasts Solana and Ethereum, discussing their paths to innovation and the integration of AI in crypto, raising concerns about centralization while exploring new investment opportunities.
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Quick takeaways
- The early days of crypto presented unique opportunities for visionary investors to support innovative projects beyond just payment systems.
- The evolution of Ethereum and Solana illustrates an environment where competition fosters innovation, ultimately benefiting blockchain applications and user experience.
Deep dives
The Evolution and Impact of Bitcoin and Ethereum
Bitcoin is viewed as a fundamental technology that has introduced a new form of regulation in the financial sector, serving as a 'calculator' within the digital currency space. Despite the fervent belief of some maximalists that Bitcoin alone can resolve systemic issues, the discussion acknowledges the necessity for evolution and adaptability within the cryptocurrency landscape. The interplay between Ethereum and Solana illustrates how these platforms push each other towards innovation, fostering an environment where various blockchain applications can thrive. By lowering transaction fees through roll-ups and other advancements, more diverse applications can effectively identify their market fit.
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