Understanding Why Crypto Exists
Dissecting Journeys of ‘Wen Lambo’ Investors to Web3 Advocates
Many investors are lured into cryptocurrency by the promise of riches.
Dabblers who staying long enough to experience the full gamut of the industry — from Bitcoin and altcoins to decentralised finance (DeFi) and non-fungible tokens (NFTs) — often undergo a journey of incredible discovery and emerge on the other end to appreciate how:
- Bitcoin transcends humans to separate money from politics;
- Smart contracts eliminate middlemen and the dangers of centralisation;
- DeFi is a new open and permissionless financial system for the world;
- Web3 and NFTs provide verifiable decentralised ownership.
This is a well-trodden path of how many profit-focused crypto investors grow into enlightened higher-level crypto advocates.
In the wake of FTX’s spectacular collapse, we need advocates more than ever.
Advocates working in politics, like Congressman Tom Emmers, who saw the recent calamities that befell our industry for what they were — a failure of centralisation.
Failures that the decentralised part of the crypto industry was precisely designed to prevent.
