Linda Xie, co-founder of Scalar Capital, discusses the geopolitical utility of privacy coins for citizens living under corrupt regimes.
0:00 / 0:21exact quote · 21.9s
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“There are a lot of legitimate cases where, let's say that someone lives in a society where their governments are very corrupt, and they want to protect themselves from their own governments. I think that a privacy coin is extremely important. It's To me, less relevant in the U S this might be something that many people don't actually associate with themselves with, but in a lot of other countries, I've talked to people where they actually understand this notion of why this could be important.”
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More from Linda Xie
Opinion
Xie: EOS's 21 block producer model defeats the core purpose of crypto
“I'm not personally as excited about those because that, to me, often defeats the whole purpose Of this entire space, if you just have, like, this, like, concentrated group of people that are validating all the transactions, you're seeing that with platforms li…”
Linda XieOct 22, 2018▶ 28:5520VC: Scalar Capital's Linda Xjie on Who Will Win The Smart Contract War, The Future of Exchanges: Centralised or Decentralised & The Pros and Cons of Differing Privacy Coins
PredictionNot checkable as stated
Xie: Developers will abandon Ethereum for alternatives if scaling fails
“And so there's all kinds of different solutions here that people are working on, but I really think that if Ethereum can't get some strong progress in these scaling solutions, that people are going to start moving to different smart contracts platforms”
Linda XieOct 22, 2018▶ 25:3920VC: Scalar Capital's Linda Xjie on Who Will Win The Smart Contract War, The Future of Exchanges: Centralised or Decentralised & The Pros and Cons of Differing Privacy Coins
PredictionPartly held up
Xie: The smart contract market will consolidate to two or three platforms
“I think that there's going to be kind of this, like, Two to three winner take all. I really think that sorry, I guess maybe take most.”
Linda XieOct 22, 2018▶ 28:0320VC: Scalar Capital's Linda Xjie on Who Will Win The Smart Contract War, The Future of Exchanges: Centralised or Decentralised & The Pros and Cons of Differing Privacy Coins
PredictionNot checkable as stated
Xie: China will eventually create its own national cryptocurrency
“China in terms of crypto, I actually think that they're going to be a big player in this industry. I think they will really start using this blockchain tech And be building out different tech themselves. I actually think they might even create their own crypto…”
Linda XieOct 22, 2018▶ 38:1320VC: Scalar Capital's Linda Xjie on Who Will Win The Smart Contract War, The Future of Exchanges: Centralised or Decentralised & The Pros and Cons of Differing Privacy Coins
PredictionNot checkable as stated
Xie: Institutional capital will meaningfully enter crypto by early 2019
“So I do think that the institutional capital is already coming in. I've heard of a number of funds that we're raising, and some of the names that they've raised from is definitely the institutional capital that I was hoping would come in. But in terms of a mea…”
Linda XieOct 22, 2018▶ 38:3620VC: Scalar Capital's Linda Xjie on Who Will Win The Smart Contract War, The Future of Exchanges: Centralised or Decentralised & The Pros and Cons of Differing Privacy Coins
AssertionSupported
Xie: Only 13% of Zcash network transactions are actually private
“Only like 13% of the network right now is actually private because they have to opt into using this.”
Linda XieOct 22, 2018▶ 13:4920VC: Scalar Capital's Linda Xjie on Who Will Win The Smart Contract War, The Future of Exchanges: Centralised or Decentralised & The Pros and Cons of Differing Privacy Coins
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