The Original Sins of Cryptocurrencies

The crypto industry is on its way from the epic early days, when it was a technological phenomenon exclusive to a limited group of techs, scientists and enthusiasts, to its final destination: a financial commodity intended for use by everyone. Of course, the journey has just begun, and it is riddled with potholes, traps and a high level of resistance.

The extent of the crypto revolution is total, disruptive, world-wide and irreversible. But its final destination is pretty neat: a screenshot of an average day on planet Earth by 2050 shows clearly showing human beings using a financial commodity called “cryptocurrency” through physical wallets residing on their smartphones and connecting everyone directly through a solid and shared ecosystem that is backed by traditional financial institutions (i.e., banks). The output will cast aside the old, centralized and controlled fiat system for a new, cheaper, decentralized, easier and faster structure, able to potentially connect…