Crypto Narrative with PMF

BackgroundI got pilled on Bitcoin in 2013, when I was 16 years old. With my still developing brain I was right for the wrong reasons. What initially captivated me was the concept of disintermediating financial rails. I had a knack for finding ways to make money in the digital world, and the financial system has a bias against kids.

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Introduction

This article examines two distinct ideological frameworks within crypto. Rather than advocating for either position, I aim to illuminate the assumptions and that shape each perspective. By understanding these contrasting visions, you can better evaluate your own beliefs about crypto’s purpose and potential.

Unconstrained

We must build a new financial system from scratch,
The unrealized market has to meet us where we're at, adopt our tech and morally superior principles.
Traditional financial institutions are fundamentally broken and beyond reform
Decentralization is a moral imperative, not just a technological preference
Code is law - human governance and intervention should be minimized
Privacy and self-sovereignty are non-negotiable rights in the digital economy
Crypto will inevitably replace fiat currencies as people recognize their inherent value
Regulatory compliance should be optional or built into protocols, not imposed externally
Success means creating parallel systems that eventually make traditional finance obsolete

Constrained Vision

Crypto is default dead unless we actively pursue mass adoption,
We must take the world as it is today as a given, and adapt to the needs of the unrealized market,
Regulatory compliance is necessary for mainstream adoption and longevity
User experience must match or exceed traditional finance to drive adoption
Incremental improvement of existing systems is more realistic than revolution
Security and stability are prerequisites for growth and should be prioritized
Partnerships with traditional institutions can accelerate adoption and integration
Education and accessibility are critical to expanding beyond crypto-native users
Success means becoming seamlessly integrated into the existing financial ecosystem

Conclusion

These contrasting visions reflect fundamental philosophical differences about progress and transformation. The unconstrained vision seeks comprehensive reconstruction; the constrained vision favors incremental adaptation. Understanding these frameworks illuminates the ongoing tensions within crypto discourse.

Footnote: Framework adapted from Thomas Sowell’s 1987 book “A Conflict of Visions,” which proposes that political disagreements stem from different assumptions about human nature.

The Unconstrained vs Constrained Visions for Crypto