On Bitcoin, Wealth Inequality, & the Future: Tantra Labs’ Russell Lacour

As Bitcoin (BTC) has continued to develop all through 2021, the narrative round Bitcoin has continued to evolve. Bitcoin is more and more seen as a store-of-value or maybe extra exactly as a hedge in opposition to inflation. In america, the Federal Reserve has added an estimated $9 trillion into circulation since September of 2019.

Consequently, an increasing number of corporations and people are starting to think about the greenback as much less of an asset and extra of a legal responsibility. Concurrently, property like Bitcoin could also be gaining floor as potential antidotes to an inflationary financial surroundings.

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Finance Magnates lately spoke to Russell Lacour, Chief Expertise Officer of Tantra Labs, an algorithmic analysis and improvement platform constructed for producing Bitcoin alpha. Russell spoke with us in regards to the results of USD inflation on wealth inequality, about Bitcoin on this present second, and about the way forward for different property.

 

That is an excerpt that has been edited for readability and size. To listen to Finance Magnates’ full interview with Tantra Labs’ Russell Lacour, go to us on Soundcloud or Youtube. It is a sponsored piece.

“Making Cash Is Horny”: The Origins of Tantra Labs

Who’s Russell Lacour?

“I’m a acutely aware software program engineer who’s working to create monetary algorithms that enable folks to denominate themselves in an asset aside from the greenback,” Russell mentioned. Subsequently, Tantra Labs’ work is “primarily targeted on Bitcoin and Ethereum, and permitting traders to earn returns in BTC and ETH,” slightly than providing returns in {dollars}.

Russell defined the that means behind Tantra Labs’ slightly uncommon title. “Many westerners are acquainted with the idea of tantric intercourse, and with the idea of ‘tantra’ being this sexual factor, and truthfully, making a living is attractive,” he mentioned. “However ‘tantra’ really means expertise.”

“So, we named our firm Tantra Labs as a result of we’re a expertise firm that’s all about remodeling finance. We wish to enable folks to denominate within the asset of their selection, particularly because it turns into an increasing number of poisonous to carry property just like the greenback.”

Why is the greenback so “poisonous”? Russell defined that the COVID-19 pandemic, and the financial fallout that ensued, exacerbated an necessary difficulty. “We’ve zero management over the USD or any government-issued fiat foreign money.”

USD Inflation & “Poverty Wages”

Moreover, “we now have quite a lot of ‘poverty wages on the planet right this moment, which has resulted within the formation of a gaggle of people who find themselves mainly ‘slaves’ to the monetary system,” Russell mentioned.

“It’s been happening for many years now, we now have a low-income inhabitants and a poverty wage that retains folks in that inhabitants. They’ve virtually zero say in that; these are folks that can reside their total lives with out ever having the prospect to spend money on an asset, that can lease from the day that they’re born to the day that they die, they usually’ll by no means escape slavery to the system that they’ve completely no say in.”

“Sure, they’ll vote for an elected official, however even the elected official isn’t controlling the actions of the Federal Reserve of america.”

Russell Lacour, Chief Expertise Officer of Tantra Labs.

Russell defined that the previous 18 months have been a primary instance of what can occur when this type of damaging system goes into overdrive. “We’ve injected trillions of {dollars} into the economic system,” he mentioned. “Within the US specifically, many people lately acquired a $1400 stimulus examine. Nevertheless, for that $1400, the Fed really printed $5000.”

“The remaining $3600 really went to your native authorities or to unemployment, a bunch of individuals that you simply’ll by no means meet or hear from, and can by no means instantly assist you to,” he mentioned. “To me, that’s a symptom of a damaged system.”

“Not solely did the US authorities inject all of this capital into the market, however those that work minimal wage jobs are instantly affected, however maybe unaware of precisely how affected they had been due to inflation, due to actual property costs going up, and extra,” he mentioned.

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“Now, whenever you have a look at the shopping for energy that individuals have with the money that they maintain, it’s gone down tremendously. Should you wished to purchase actual property two years in the past, it was actually half the value that it’s right this moment…we’re not taught about this at school, despite the fact that cash actually guidelines most of our lives.”

“Nobody ever tells us that the greenback isn’t an asset. It’s a legal responsibility.”

How Does Tantra Labs Work?

What’s Tantra Labs doing to combat in opposition to this greenback “toxicity”?

“I began writing algorithms for inventory buying and selling about six years in the past,” Russell defined. “I created bots that might work for me.”

“Over time, I noticed that what I used to be doing was mainly animating a easy algorithm, for instance, ‘if the 10-day crosses over the 20-day, I wish to purchase. If it crosses underneath, I wish to promote.’ You may automate that total course of,” he mentioned. AI-powered “genetic algorithms” can be created to enhance their very own efficiency.

“At Tantra Labs, we developed a system that’s written in Golang, a programming language that’s developed by Google. It’s extraordinarily quick, and it has enabled us to run about 50 algorithms in our portfolio. Every of those algorithms consistently evolves and updates itself based mostly on market situations.”

“We even have developed market-making algorithms that present liquidity to the market, we’ve created algorithms that function possibility spreads, arbitrage, all several types of algorithms could be created with an underlying genetic mannequin that permits it to optimize itself.”

“We’ve automated all the course of, which might enable us to open ourselves to retail traders, if we may.”

“Every thing That [Tantra Labs Is] Doing Immediately Is Working In the direction of Both Educating Particular person Buyers, Or Pushing Ahead to a New Paradigm of Cash:”

Sadly, “one other facet of this damaged monetary system signifies that we’re solely accessible to accredited traders in america” and traders outdoors of the US, Russell mentioned. Within the US, accredited traders are these with a web value of not less than $1,000,000 (excluding the worth of 1’s main residence) or people who have an earnings of not less than $200,000 per yr for the final two years (or $300,000 in mixed earnings if married).

“Really, whenever you have a look at the state of affairs, the SEC and the opposite three- and four-letter organizations within the US have positioned obstacles to entry that don’t enable working-class folks to entry alternatives that might profit them. I want to suppose that Tantra Labs could possibly be a kind of alternatives,” he added.

The issue with opening these choices to retail traders in the intervening time is that there’s not a lot precedent. “Nobody has carried out what we’re making an attempt to do [and has been engaged with a regulator],” Russell defined. Subsequently, “we fall into a wierd, authorized grey space, however there are not any straight solutions” close to whether or not providing funding merchandise to non-accredited traders could be crossing any authorized strains.

Within the meantime, “Every thing that we’re doing right this moment is working in direction of both educating particular person traders, or pushing ahead to a brand new paradigm of cash: towards dwelling in a world that’s asset-backed as an alternative of dwelling in a world that’s liability-backed.”

The Way forward for Bitcoin

What are Russell’s ideas on the way forward for Bitcoin? “I see Bitcoin turning into a world reserve asset that governments will use,” he mentioned. “I’ve one purpose for this: do you suppose that China desires to make use of the USD to settle its transactions? Do you suppose that the United Nations would use the yuan as an alternative of the greenback?”

Subsequently, “the simplest settlement layer for all the nations on the planet could be a impartial third-party,” he mentioned. “It will be one thing that no single nation controls, however that each one of them agree on. That’s Bitcoin right this moment.”

“Essentially the most logical step could be for the governments of the world to say, the greenback is poisonous as a result of we don’t management it, the US Federal Reserve does, and we are able to’t actually belief them. China’s throwing a match, Russia’s throwing a match, the US is throwing a match, so let’s choose a impartial third-party that nobody can management.”

“That’s a long time away. I don’t see that occuring anytime quickly,” Russell added. “However, if that occurs, you’ll see a $50 trillion or $100 trillion-dollar market cap on Bitcoin; you’ll have BTC at $10 million apiece. That’s my worth goal. It’s on sale right this moment for $50K-60K apiece.”

That is an excerpt that has been edited for readability and size. To listen to Finance Magnates’ full interview with Tantra Labs’ Russell Lacour, go to us on Soundcloud or Youtube. It is a sponsored piece.

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