Solana Founder Anatoly Yakovenko Depth Interview: The Evolution and Future of the Encryption World

In a deep conversation, Solana founder Anatoly Yakovenko shared his unique insights on the development of the encryption industry. He depicted the cyclical changes in the industry, from the early geek punk to the current influx of capital, while pointing out how stablecoins and emerging technologies are quietly transforming the global financial landscape.

Yakovenko believes that encryption technology is different from artificial intelligence; it is more like a social movement. He compares the industry's development to the open-source movement, which has gone through a process from geeks to entrepreneurs and then to capital takeover. Currently, the industry is at a delicate turning point, where mature entrepreneurial teams meet traditional capital that has just entered the field.

When it comes to stablecoins, Yakovenko mentioned that this is an innovation that could fundamentally change the traditional financial system. He pointed out that when stablecoins are backed by substantial assets, their potential will be fully realized. Although there are contradictions in the market's understanding of stablecoins, with both excessive focus and underestimation of their impact, Yakovenko predicts that stablecoins will drive the digitization of the dollar on a global scale.

Regarding Bitcoin, Yakovenko believes its value is more reflected in its role as a hedge tool, similar to digital gold. He stated that if Bitcoin can achieve a status comparable to gold, then the entire encryption market can be seen as successful.

Yakovenko also discussed Solana's strategy to enter the mobile hardware sector. He pointed out that the current internet is dominated by closed ecosystems of large technology companies, and encryption technology has the potential to break this monopoly. By providing dedicated devices and app stores for encryption users and charging lower fees, Solana hopes to carve out new paths in a market dominated by giants.

Regarding the future of encryption technology, Yakovenko believes that the key lies in the targeting of users. He pointed out that although the cryptocurrency user base may only account for 1% of the global population, the average income of these users is far higher than that of ordinary internet users.

Finally, Yakovenko explored the public opinion dilemma facing the encryption world. He emphasized the importance of freedom of speech while also pointing out the cognitive biases that can arise from being immersed in information bubbles for a long time. He observed that those who were the most steadfast idealists may have already left the industry, and their voices have disappeared as well.

Overall, Yakovenko's perspective showcases a rapidly evolving industry landscape filled with opportunities and challenges. His insights not only cover technological and economic aspects but also delve into the potential impact of the encryption world on society and individual perceptions.