Geopolitics

fc-updates

The pandemic was the period during which I became fully "orange-pilled" about cryptocurrency and blockchains. I had already had baseline familiarity from working on the Edward Snowden NSA document stories (Snowden is a Bitcoin fan) but seeing the way in which decentralized finance ran circles around Wall Street through Reddit channels sent me down a rabbit hole of curiosity. I binged on books including "The Age of Cryptocurrency" by Michael Casey among many others. I also discovered @balajis.eth podcasts and he was also a great resource in taking the time to chat with me about the technology and becoming someone to bounce ideas around with.

Crypto has a ways to go but as someone who has benefitted immensely from the internet I do believe in the promise of decentralized networks, finance, and organizations. Among journalists I'm a bit of an outlier (though I'm not alone) but I wrote a manifesto summarizing my views on the matter sometime back: https://mazmhussain.substack.com/p/what-bitcoin-and-crypto-are-for

Murtaza wrote about how cryptocurrency solved a problem that wasn’t theoretical for him: how to send money home.

(I almost feel we take that for granted now in the community, as stablecoins work so well, but it’s still a huge win over the legacy system.)

We must still oppose international elites’ designs to interpose the legacy system’s institutional vectors of power on all blockchain-powered disruptors

They will likely succeed if we do not actively resist

We must still oppose international elites’ designs to interpose the legacy system’s institutional vectors of power on all blockchain-powered disruptors

They will likely succeed if we do not actively resist

https://www.fatf-gafi.org/en/publications/Fatfrecommendations/Guidance-rba-virtual-assets-2021.html

Moneygram and Western Union are predatory AF. 

Cryptocurrency 🤝 Remittances

Yes, definitely real use cases being addressed. Bigger example of the same thing on B2B side is using stables to settle international contracts and not having to wait 3+ days for settlement.

16 $DEGEN

No doubt on crypto having successfully solved this acute problem of bypassing cross-border capital controls 🙌🏻