Scalar Capital co-founder Linda Xie answers an audience question on the Y Combinator podcast regarding which crypto applications will reach mainstream adoption.
“Yeah, the two ones that I think will go mainstream are decentralized exchange and probably gaming, something along the lines of collectibles.”
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More from Linda Xie
Opinion
Xie: Very few crypto projects actually need to conduct token sales
“So a very, very few times is it reasonable, in my opinion, to do a token sale. There's a lot of really great projects that can do decentralized applications or create their own blockchain or whatever, but they don't actually need to do a token sale. They can j…”
Linda XieMay 2, 2018▶ 31:40Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
Insight
Xie: Privacy coins must have mandatory default privacy to work
“So I essentially think that it needs to be mandatory privacy if you're going to actually have a privacy coin. If it's ever if it's ever optional, you get looked at if you're starting to use a privacy feature, like why are you using this privacy feature? Do you…”
Linda XieMay 2, 2018▶ 38:46Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
PredictionNot checkable as stated
Xie: Decentralized apps are 3 to 5 years from mainstream adoption
“I think my time span is just a little bit short and maybe like three to five, but I think that there's a lot of scaling issues that need to be solved before anything can go mainstream.”
Linda XieMay 2, 2018▶ 7:51Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
Opinion
Xie: US security tokens belong under SEC regulation, unlike governance tokens
“If something straight up looks like a security token and you're issuing it in the US, I think that rightfully falls under the SEC regulation.
So I do believe in compliance, and that's actually something I really like about this new protocol, Harbor Protocol, w…”
Linda XieMay 2, 2018▶ 18:42Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
AssertionNot checkable as stated
Xie: Bitcoin is very easy to trace via counterparty metadata
“And so Bitcoin is very easy to trace and a lot of people give information away about other people. So even if you're being really smart and someone transacts with you, they give away, away information about you.”
Linda XieMay 2, 2018▶ 39:06Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
PredictionHeld up
Xie: Crypto adoption will take off in unbanked and inflationary countries first
“I think it's gonna be in countries where people don't have bank accounts primarily, and they now need a method of actually storing their own funds or countries where the currency is just getting inflated away, and so the currency is not valuable.”
Linda XieMay 2, 2018▶ 13:04Crypto Investors - Linda Xie and Avichal Garg · Y Combinator
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