Money Crypto

The downside of web3 has been marked this year by ‘Money Crypto’ creating catastrophic events in the space with algorithmic stablecoins (Terra/LUNA collapse), over-leveraged arrogant traders (3AC), and a fraudulent exchange run by a sociopath (FTX). Unfortunately, this has played out on the world stage. Thus this is the common association with the term ‘crypto’ that largely elicits a response of understandable skepticism of the space. How could it not? I am optimistic that the future will largely be focused on ‘Tech Crypto’ over the next decade, which is why I joined the space – I have little interest in ‘Money Crypto’ and the thesis around sound money. I believe in the ‘Tech Crypto’ sector, which is the fundamental belief that building applications on a blockchain, rather than centralized services, allows you to redistribute power to users equitably, whereas web2, all of the power sits inside of significant wall-garden of centralized experiences putting users at a severe disadvantage in a lot of circumstances -- not all of them. I take a measured approach that part of the tech future will be web3, not all of it.