Crypto will be okay, and so will you: DeFinalFantasy round-table

My man @DeFinalFantasy hosted a very interesting Twitter sound space yesterday: "Crypto will be okay, and so will you." I wish you came.

What did he talk about? He didn't, much; he listened, and he let leading lights in #cryptocurrency talk.

Okay, so what did THEY talk about?

They talked about the utility of crypto: its real use-cases. And NFTs. And educating kids about crypto, and, importantly: finances and how to manage them.

What is the 'utility of crypto'? Importantly, if your use-case is 'price-quote goes up,' then your crypto DOESN't have value. Value is something I've been preaching on for months now, so I'm glad it's (finally) entered the conversation. 

They talked about NFTs, and ownership, and how to get ownership OFF AWS and Goggle and IBM and ONTO the individual owners. Same for crypto: how to get it OFF CEX and ONTO your OWN wallet.

YOU own your crypto when YOU hold the keys.

But you don't when AWS or a CEX does.

This got into education. @DeFinalFantasy said he wants to set up crypto-clubs in high schools around the country and let kids get exposed to crypto and learn how to use it and not get burnt. Somebody added that this can be extended to managing not just crypto, but finances, too.

This turned into a long conversation about crypto-familiarity. Squid (?) talked about working with small businesses and gifting crypto, and having THEM figure out how to get the liquidity from the ledgers: education crypto-competency by learning-by-doing.

One of the members asked how to get to crypto-competency and avoid the scams and rugs? @DeFinalFantasy jumped in here and recommended reading every book on crypto and watching every youtube you can get your hands on, then YOU'll be the expert in the room on crypto.

@DeFinalFantasy also mentioned that @AaveAave and @Uniswap: they don't change much, do they?

Why? They know their business case, and they provide a VALUable service. They don't HAVE to change: they are doing their job.

Crypto needs to find its job to do, and do that.

Another extended conversation is: if you're 'in it' for the money, you're gambling, even if you're a huge crypto EX. "Price goes up" isn't what makes crypto useful. You have to have a project (a service) and a passion: value comes from that.

Gambling is what gets people broke.

Crypto will be okay, and so will you.

Find a project and a passion, and put yourself to work. Crypto CAN get you rich, quick – it has for me – but that's because I work at it, hard, every day, and make myself useful on projects of worth and of value.

The. End.