Trinity founder David Li recently fielded questions for a community AMA session on June 7th, 2019. The AMA session covered a range of topics, including development progress, the NEO blockchain, and Li’s perspectives on the cryptocurrency market. The complete AMA may be found here.
Development of Trinity
In one of the opening questions, Li was asked about the notable movements of other Layer 2 projects, such as Matic and Celer, in comparison to the relative calmness of Trinity. In his answer, Li noted the Trinity team’s focus on development at this time:
“[It’s] worth noting we didn’t stop movements on Github for a second. With code improvements and bug fixes, we believe Trinity will grow into a usable network rather than some fantasy under research. To be honest, I think intensive marketing for layer 2 product, in particular, is just wrong at this moment.”
Continuing, Li also pointed to the struggles that altcoins face in following Bitcoin through further market cycles and his belief that a pause in marketing is a good strategy at this time:
“We’ve seen lots of alts die in ‘15 and ‘16 because of … Bitcoin pulling all liquidity out. A hibernation in marketing could see us through this chaotic process, and [allow us to] revive in a more positive environment. I personally made the promise to keep working on Trinity for many years to come.
Winter is over. But [it is] very likely [that a] major marketing campaign won’t launch until we see NEO 3.0 fully launched and taking traction. The market sentiment does not allow for any speculation at this moment at all.”
Although the team has continued issuing reports noting Trinity’s ongoing development, they have also acknowledged the potential changes required as NEO continues to evolve. When asked about modifications required for Trinity to work with NEO3, Li answered:
“Yes, lots of work. We still have to wait and see how much 3.0 changes and adapt to it. But this workload is within our expectation.”
Scaling Solutions on NEO
Li also answered questions pertaining to NEO, particularly focused on Trinity’s role in the NEO ecosystem. Although he acknowledged that there is currently no competition for Trinity’s state channel solution in the NEO ecosystem, there is no official partnership between the two:
“NEO will stay open and fair to all ecosystem players. Announcing partnerships on layer 2 is different from those on [the] application layer. Maybe they fear this kind of partnership will give a false sense of exclusivity, and then the whole layer 2 strategy [would] become dependent on us. But we maintain good relations and sync our views and dev progress, and if anything changes in the future we would be able to catch up.”
However, although Li believes that new scaling solutions will inevitably emerge on NEO in the future, he remains optimistic about Trinity’s role:
“My prediction is that there will be many scaling solutions and networks on NEO in the future. As the most long-standing one, Trinity enjoys its own credibility and time-tested and refined tech. But we will be more than happy to have latecomers use our code. [To answer] the real question people are concerned with, think carefully about last bull [market]: it’s never about competition, but the general sentiment.”
Blockchain Industry Climate
Trinity community members also asked for Li’s perspective on the crypto market. Li took the opportunity to share some of his insights into the climate of the blockchain industry, and the requirement for a new onboarding process:
“From last bull, we’ve seen the industry trying to survive and came up with directions like STO, Dex, stable coin, PoS mining, dApps, IEO, and now cross-chain and DeFi. All of them are parts of [the] future economy but none of these will be big enough like the ICO market. What we really need is something that has a low onboarding threshold, open to all, financially lucrative, and most importantly summons the power of decentralization and automation to help reduce the negative impacts of human greed.
From centralized database alts in ‘14/’15 to ICO on Ethereum, you can see this trend. My prediction for the real game is that it incorporates tech from DAI, DAOs, and prediction markets and business practices from IEOs and ICOs. A precise prediction is impossible and clearly worth billions. But we will get there. However, as of the rest of this year, I personally favor Anon coins over public chain projects and new eco projects (Cosmos, Polkadot, IPFS).”
When questioned on his thoughts on the future of Trinity, Li reiterated his confidence:
“I’m always confident even in the darkest hours. But between market cycles and years and years, our best strategy, for now, is pure survival. Thriving is easy in a bull run, as long as you can make it there.”
He also echoed these sentiments when asked about a rumor circulating that a large NEO investor was not happy with the team’s performance. Li answered:
“Yes, I heard about this kind of rumor. Neo team is quite strong and united and long-term thinking. I’m not worried about their performance. I think it’s just some people driving themselves unreasonable by thinking about the past day fairytale of a 1000–2000 x return. NEO is and always will be the flagship of Chinese blockchain industry, to say the least.”
All of David Li’s answers may be found in the original article linked below:
About The Author: Brett Rhodes
Brett is a blockchain enthusiast and freelance writer who originally began producing content for the gaming & eSports industries. Now he spends most of his time contributing in the Neo ecosystem.
More posts by Brett Rhodes