I wish I was older. I wish I was old enough to see the birth of monetary policy. I wish I could have seen the mistakes they had made, because I believe we are repeating them.

I often feel that a lot of what is being built in crypto is being built by people that read a Wikipedia article on bonds, or seigniorage, or debt instruments and then thought to themselves, “they can do this better”.

Its something that happens often in coding, you find a fresh piece of code written by another organization or developer, you quickly start finding faults, “this isn’t needed”, “this could have been done better”, “why did they do this? its pointless”, and then starts the “I can do this better”. So you spend the next few days, weeks, even months re-engineering the code, then you hit your first wall, and you have to make some adjustments, then your second, then your third and so on, and eventually your code looks exactly like their code did, and you have that “oh, right, that’s why” moment as you finally understand why it was what it was.

Monetary policy is the same, understanding monetary supply, issuance, debt, bonds, seigniorage, debentures, commodities, securities, derivatives can’t be viewed in isolation. They exist for a reason. But crypto is the new generation, the generation of “we can do it better”.

I have long been vocal on my disdain of crypto culture, and my love for crypto ethos. Reading that might sound weird, but crypto ethos is concept like self-sovereign rights, self custody, self empowerment. Crypto culture is concepts like wealth, entitlement, enrichment, and ego.

A professor once told me “contracts are there for the bad times, not the good times”. Regulation, and legislation is the same. They are there for the bad times, when you most need it, not the good times, when its all honeymoon and champagne.

I now more than ever see the need, or even necessity for regulation, not as a mechanism to prevent, but as a mechanism to protect. Its like a child trying to stick their finger into a electric outlet, you stop them, before they can learn why they shouldn’t. One day they will understand, but not today.

Crypto is dead. Long live Crypto.

We are entering a new age, the current iteration will become the badlands, where unknown wallets lurk in the shadows, we will see the rise of a new blockchain economy, not one driven by greed, but instead driven by trust, not trustlessness. There is an irony in having come full circle, yet I find myself more excited than ever. I won’t step foot into the badlands again, but I’m vastly excited about this new future.

Blockchain tech and cryptocurrency are the underpinnings of a new financial infrastructure, just as the internet was the underpinning of a new information infrastructure. Neither was, nor will be, built overnight.

When one looks at the history of advances in free speech and increased access to information, you notice, almost universally, that society advances by every imaginable metric: literacy rates, educational advancement, dissemination of ideas and new technologies, GDP per capita, and poverty rates — just to name a few.

The first information revolution was the printing press, followed by the telegram, telephone, radio, television, and of course, the internet. The internet is interesting in that it encompasses all the other revolutions into one: you can listen to sound over the internet, you can read a text, and you can watch videos. You can even do it all in the same place! The internet, unlike historical information revolutions, not only revolutionized access to content, it democratized the creation of that content.

Finance hasn’t gone through this series of revolutions; indeed nothing close to the level of free speech wrought onto society by the internet. At best, one can argue that most trades today take place electronically; financial infrastructure uses the internet to communicate; and execution speed has improved considerably since the 1970’s — all true statements. Finance, however, has not been transformed at its most critical point: the creation of new instruments, contracts, and agreements. If today you wish to create a new financial contract — a derivative, loan, or money market instrument, for example — good luck! In short, I would argue that finance has not even begun it’s equivalent to the printing press phase of the information revolution!

This sounds radical, just as it would have seemed quite radical to suggest that people beyond monks and scribes would want to author their own books, or that people would want to have their own websites or spin-up new websites about entirely random subjects.

People exclaimed, “But shouldn’t the publishers control what gets published, they’re a check on sensibility!”

Others rejoined, “What if people were able to publish whatever they want and choose for themselves what to read?”

I’d argue that the same fundamentals apply to the financial system, and by opening access to democratize the creation of new financial markets, society will benefit on the scale brought by the information revolutions in the past, but this time, it’ll transform value, money, and finance.

There’s another weird thing, specifically about cryptocurrency: given the sorry state of finance, we’re not just trying to create the printing press, or the telegram, or even television. No, here we’re aiming to jump straight to the level of disintermediation and free speech of the internet today but applied to finance.

It’s only natural to consider money an extension of speech, and, even if you disagree, Citizens United effectively deems it so. But one doesn’t need a Supreme Court case to recognize that bits of information on a computer are speech, and, therefore, if you can represent money as bits, it too is speech.

So, Martian has Crew3. Here you can perform various tasks and get experience points (xp). The program has been going on for a while, but I don’t think it’s too late to join. I heard that there will be revards. But there was no official announcement. So there is uncertainty about that.

Why this project is interesting. It has a real case — a working wallet. Martian Wallet supports two blockchains — Aptos and Sui. With Aptos you can already work in Maynet — store and send coins and NFTs. The investment in the project so far is $3 million.

Back to Crew3. What you have to do to join:

You need to go to this link: https://martianwallet.crew3.xyz/invite/KqNlXVaUENOjQpv5dsFKY

Also go to discord, you will also need it to get XP — https://discord.gg/4T3g68H3GN

On the Crew3 platform, complete the tasks that are currently available. A number of the tasks are quite simple. You’ll need to subscribe to the Medium and Twitter Martian. Install Martian Wallet, if you haven’t already done so. Visit the official website. Leave your review of the wallet. Invite friends to Crew3. There are tasks with Twitter — retweet, like, leave a comment.

The more difficult tasks are content creation. You will need to write an article, a Twitter thread.

Tasks are likely to change, so I’ve written about the ones that have been or are available today.

Next activity. Obtaining the role of OG.

For this you need to participate in special raffles that take place in discord and are announced in advance. Also, the role can be obtained for communication in the channel #last-man-standing when it is open. Recently, there have been knowledge quizzes, where every time 3 OG roles are drawn.

For active participation in the project, you can get the role of Contributor. For this you need to create content and be active in discord (help newcomers). Accordingly, have full knowledge of the project. Whether there will be rewards for this role is unknown, but it’s possible.

The Content Creator role can be earned for creating a variety of content about a project. This can include articles, videos, infographics, memes, and other content that can increase awareness of the project.

The Designer role can be earned for winning design contests. You need to keep an eye out for announcements.

This was a brief overview of all the activities on the Martian Discord. Join in to participate and stay up-to-date on possible new events.

I hope you found this article useful.