# A Letter to Well-Intentioned Crypto-Skeptics

> Dec 2024

**Published by:** [deca12x](https://paragraph.com/@deca12x/)
**Published on:** 2024-12-11
**URL:** https://paragraph.com/@deca12x/heyanon

## Content

Hi Anon, I am writing because I think you'd appreciate knowing about the other camp in crypto, the one you do not hear about, the one with vision, values and hope. This second camp is not loud like the traders, it's not shortsighted or superficial. My thesis is as follows: I’m driven by the belief that blockchain is the one paradigm-shifting technology which, in a world where macro trends flirt with dystopian risk (AI, climate, biotech, geopolitical divide...), can rein in all the rest. Its approach to “proof, not trust” can fundamentally change the game-thoeretic rules of any system through financial incentive alignment. Let me explain in a way nobody has ever explained it to you. The maths (cryptography) enables a system where:All the rules of the system are written in code - i.e. no single entity has control of the systemThe system has money embedded in the code - this enables financial incentive alignment - i.e. behaviours that are beneficial for the system are financially rewarded and behaviours that are harmful get penalisedThe code/rules of the system are visible to everyone, but cannot possibly be changed unless by democratic consentParticipants of the system no longer have to trust counterparts, brands or institutions when interacting. All they have to trust is their counterparts' self-interest - if they behave in a nefarious way, the fine is larger than their benefit.If you are my intended audience, you'll have perceived the increasing global chaos over the past few years and your logical response to the perceived chaos will be to try and leave a net-useful impact. I think a lot of people see a similar picture of the world but that instead leads them to nihilism. Many crypto traders are like this. Blockchain / crypto / web3 routinely makes headlines when the price is high and goes silent when the price is low. The traders and speculators are the ones luring unsuspecting normies in with promises of instant gains, but really just looking for exit liquidity. Furthermore, being a technology in its infancy that embeds money in code, it's been adopted from the fringes of society. Hence, news outlets see wild predatory trading behaviour, uncensorable systems, North Korean hacks, dark web payments, and perpetuate the story that this is a dangerous and pointless technology built to defraud people. It is not. This technology is our best shot (as far as I have seen) to restabilise this increasingly unhinged world. If I have sparked some interest, reach out, comment my post on X. WAGMI Deca

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