Amidst all the chaos of blockchains, tokens, exchanges, crypto celebs, ICOs, media, events, forums, tweets, chats, etc we seem to forget what crypto is really about, which happens to be the most important thing about crypto.No, it’s not about profit. Yes, profit might be your priority, and in almost all cases of the projects. Yet, it isn’t. The ability to profit from speculating on something is not new, crypto just introduces a new asset class to do this. There are trillion of dollars that are being profited in ways other than crypto.In fact, our pursuit of profit in the crypto mania has blinded us from what crypto is really about. And you, yes you, the users, the developers, the project founders and CEOs, are constantly in the thoughts of trying to profit from this emerging industry one way or another. Be it trading, ICOs, fees, products, scams, whatever it is you can think of. The ingenuity doesn’t stop there. There will always be new ways and methods people will conceive of to profit.Is chasing profit a bad thing? No no no, it’s not. It’s perfectly normal. I’d be a hypocrite to say that I’m not interested in profiting given that I’ve invested in this space. But is chasing profit the only thing that matters?It does seem that way at the moment when everything that’s crypto/blockchain related at the moment is about business and profit. Oh look, supply chain disruptor! Oh look, future of AI! Oh look, partnership with Fortune 500 company! So many ambitious projects, so many ways to build businesses and profit. It’s awesome. The future of businesses will never be the same. I share the sentiment. This is totally understandable.But there’s one thing we should never ever forget.Don’t ever forget, the ability to freely, cheaply, quickly, securely, privately, permissionlessly transfer value to anyone, anywhere, anytime without getting your money confiscated, account frozen or yourself questioned is the SINGLE MOST IMPORTANT VALUE OF CRYPTO that has never before existed in human history.So defend this value like your life depends on it. It’s your financial sovereignty. It’s our financial sovereignty. Do not turn a blind eye on this. Do not allow any institutions or people to hide away, destroy, corrupt or undermine this value.PLEASE.(speaking of which, we really need a non-profit, decentralized and community-based coin that meets ALL the criteria above)
Submitted May 19, 2018 at 06:59PM
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