Am I the only one feeling a growing sense of cognitive dissonance in crypto right now?
The crypto industry has always had revolutionary roots. It emerged in 2008 with the Bitcoin whitepaper, a direct response to the financial crisis that decimated livelihoods while protecting a systemically flawed, corrupt banking system. Bitcoin wasn’t just a technical innovation—it was a political and ideological statement. A signal that builders and thinkers were ready to challenge the status quo with tools, not just words.
As someone who’s worked in crypto for years, I should be celebrating. Today, decentralized technologies are no longer on the fringe. Fintechs are adopting stablecoins. Bitcoin ETFs are trading on traditional exchanges. The average person has heard of blockchain. From Capitol Hill to Davos, crypto is no longer being laughed out of the room.
But despite this surface-level “legitimacy,” I can’t help but feel that something essential is lost. The ethos of crypto—the cyp
We współpracy z: https://www.coindesk.com/opinion/2025/06/17/can-the-real-cypherpunks-please-stand-up
