For those of us building in Crypto, Thanksgiving 2022 will be one to remember. You will be sitting across from friends and family who will enquire about the chaotic state of Crypto. They will ask why you continue working in an industry that lures so many bad actors.
At Map3, we build open-source software to advance the kind of Crypto that the world needs — one that is more decentralized and resilient. We make it easy to scale crypto payments with a great UX without relying on single points of failure.
While we've only been around for ~3 months, we have been doing this for a long time. Our team has helped millions of people worldwide to get and use Crypto for nearly a decade.
Yet, in times like these, we find ourselves returning to the drawing board and reminding ourselves why we continue to build.
Granted: there are valid critiques of the technology and, at times, too much hype. However, Crypto will continue to transform money and increase freedom in the world.
It boils down to three reasons:
1. The Option to Self-Custody Money
Crypto enables anyone to store money with minimal third-party trust. This freedom acts as a check and balance on corruption and builds economic resilience.
2. Money without Politics
Decentralized Crypto protocols are governed by code that cannot be practically censored or easily changed. For example, you know exactly how many bitcoin will exist in 80 years.
3. Money with Permissionless Composability
Just like the internet did for information, Crypto offers a neutral platform for exchanging money. We have never had a platform with standardized APIs and immutable open programs for finance.
Take some time to think about it and discuss it with your peers. Here's our take: