“A stable and sustainable ideology must be the foundation of all cryptocurrencies. No amount of cryptography, or consensus protocol development will help a cryptocurrency with an unstable and bankrupt ideology. Stable ideologies allow communities to thrive”. — Kay Kurokawa
The faith in a new financial system is what binds everything together. “Bitcoin is not just a software project. It’s a method of coordination for a large group of people who face powerful adversaries. Bitcoin isn’t just a technological breakthrough, it’s also a social one.
As an investor, a difficulty I see with crypto is that free-riders are not supposed to strip value from the economy. That’s the “democratization of finance” part: you aren’t just rewarded for providing capital, you need to contribute. That said, so far, crypto networks have been bootstrapped by rewarding early adopters.