Why the Goal of Crypto as Cash Matters

Why the Goal of Crypto as Cash Matters

Crypto as asset is nice. It's fine. It's Wall Street 2.0, which makes me cranky. But, alright, let's have fun with it!

Crypto as cash, however, is what really matters.

Crypto as Asset is Limited

Crypto as asset is inherently limited:

  • it's really only for the rich, and by "the rich", I mean the globally rich. So, not just the 1% in America but the 1% globally, which includes a lot of middle-class Europeans and North Americans.

  • Crypto as asset is inherently trackable and seizable. Tokens tied to real-world assets (RWAs) can have their RWAs seized. Then the tokens become worthless.

Crypto as Cash is Almost Unlimited

Crypto as cash, on the other hand is:

  • Anonymous; or at least pseudonymous. It's hard for anyone to know precisely who has which coins.

  • Fungible. Coins are all the same!

  • Censorship-resistant. When the coin sits on your key and you control the keys, it's very hard to stop you from transacting the coins with others.

  • Hard to seize. Likewise, the value of a coin such as Bitcoin or ZCash is based on the scarcity and the network. Not on an underlying RWA that can be seized.

  • Crosses borders as if they didn't exist. Crypto as cash does not see borders, nor does it fill out customs forms. It can obliterate the TradFi limitations that keep people poor across much of the globe.

Conclusion

Cash is what actually funds people's daily lives. As long as people's daily lives are in the hands of the fiat TradFi authorities, how will we sustain the revolution needed to facilitate prosperity for everyone everywhere?

It's that simple, and that hard.

A Personal Note

You may find my writing in these little articles a bit spicy, shall we say, but I'm entirely capable of writing staid corporate stuff as well!

In fact, here is some:

Hit me up if you need a writer, be it for content, copy, technical stuff, for ghostwriting, tweets, case studies, long-form... You name it, I will write it for you.

And put a hearty helping of quality and unique vibes into it!

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