Post by @yup_io • Hey

it's funny how the outside world thinks crypto in shambles then you come on here and everyone is just building, building, building

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Crypto is not going anywhere.
that's right and it's true for most of web3 and crypto. the wonderful Michelle Baldwin shared this graphic yesterday: https://twitter.com/ml_baldwin/status/1597676876885286912?s=46&t=lyY7UlU0QbEATwo4pIgGjA
LFG
yes
I think the mainstream looks into crypto from markets perspective - however, the more the web3 infrastructure and use-cases are around non-financial applications, the mainstream media can rely less on the market sentiments. For comparison the internet was build more first on infromation sharing (webpages) and connectivity (email) while blockchain narrative started from financial use-cases, Bitcoin as securing value transfers between peers, followed by DeFi (financial operating system on Ethereum). Down the line as we can use blockchain for organising our relationships (social capital), organising more work (DAOs for example) and storing non-financial value (reputation) we will see less focus crypto as markets or finance. Similarly as today we see internet more of an universe.
Facts 🔥
"Money crypto" is in shambles. "Tech crypto" has only seen its core theses (actual decentralization, open and trustless systems) validated by the disasters of this year, and is only accelerating. The problem is that "money crypto" is what makes the news to outsiders. See also: https://twitter.com/VitalikButerin/status/1600122197384736770