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Can you still be in the encryption “for technology”?
My idealist wants to say “yes”, but answering is more and more difficult.
The most common sense of cryptocurrency and blockchain are money technologies. This is completely different from something like media software, and it is easier to express “for technology” by making software freely available.
Jean-Baptiste Kempf, the creator of VLC Media Player, has refused tens of millions of dollars from advertisers for many years to do it.
Cryptography is not so clear. If you are in a code for “technology”, you are there for “money”.
Take bitcoin. Those who built the protocol helped to provide unlimited technologies to send and receive peer to pears.
Also, if Bitcoin is worth zero from a Fiat’s point of view, it is impossible to send a “money” peer -to pier. Money is technology and vice versa.
Ethereum is a little different. The smart contract can support non -financial use cases, so those who are developing at Ethereum may have built software as public benefits such as VLC media players.
The culture is becoming unacceptable in modern cryptographic markets. For example, Vitalik is facing a new pressure of transforming into a “war CEO”, which is the main purpose of maximizing the value of token chains (that is, pumping the price of ETH).
For some people, Vitalik and Ethereum Foundation have been focused on “The Tech”. Priority of commitment to diversification and commitment to public goods -The native use case without a clear route, such as file berths, is a wetrancofer without its own native token. Ethereum’s answer, etc.
Otherwise, if the value of the Ethereum token holder is maximized, it seems that raising the price of ETH, which has been delayed recently, is leaking all energy to apps that have better shots. 。
It is a difficult job in the Ethereum world. The most profitable apps (LaunchPad, DEXS, and predictive markets) in the current meta are mostly too far from directly affecting ETH and are pushed up by bass and polygon layer 2.
Nevertheless, Ethereum clearly won Vitalic. Perhaps, as well, “being there for technology” is the same as Linus Torvalds, the founder of Linux, the founder of another superstar Devs with legal trust.
This disparity is becoming rapidly grooved. Richard stallman’s stubbornness for Foss’s sensitivity is a strict selling to the cryptographic market that has been trained to hunt the following 1000X.
There is no simple correction. In reality, focusing on technology -Functional use cases over the idea of making money -can simply be costly to pay for the market.
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